Eighth Poverty Reduction Support Credit (PRSC8)

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The objective of Eighth Poverty Reduction Support Credit (PRSC-8) Project for Mozambique is to strengthen economic governance systems and support private sector development in order to achieve broad based growth for poverty reduction. The project will assist the Government of Mozambique (GoM) to implement key policy actions outlined in its 2006-2010 Second Action Plan for the Reduction of Absolute Poverty (PARPA II) to improve public financial management systems and adopting growth enhancing reforms. The PRSC-8 is expected to help the GoM in: (a) the consolidation and deepening of reforms in economic management in the areas of budget implementation through improvements in public financial management systems, government procurement systems, internal and external audit functions, and transparency in use of government resources; and (b) removing constraints to growth, notably by simplifying business procedures and developing a legal framework to facilitate private sector participation in the provision of infrastructure.

FY17 - Energy and Extractives,FY17 - Industry, Trade and Services,FY17 - Public Administration

World Bank Group

Project

Oil and Gas, Government