First Poverty Reduction Support Credit

closed

The Proposed First Poverty Reduction support Credit aims at supporting the Government to (a) meet the objectives of its Growth and Poverty Reduction Strategy Paper (GPRSP); and (b) improve the efficiency, effectiveness and transparency of the national budget process as the central mechanism for channeling resources toward poverty reduction. The proposed Poverty Reduction Support Credit (PRSC) would engage the Bank in policy and technical dialogue in three of the five pillars of the GPRSP, based on division of labor with other IDA and donor projects and comparative advantage of the PRSC: (a) Promote good governance, reinforcing effectiveness and guaranteeing equity - centered on reforms in public expenditure management, civil service, the judiciary and decentralization; (b) Develop and enhance human capital, with a focus on health and education; and (c) Strengthen the effectiveness and sustainability of the social protection system.