LA-Poverty Reduction Fund II

closed

The objective of the Second Poverty Reduction Fund Project (PRF II) for Lao People's Democratic Republic is to improve the access to and the utilization of basic infrastructure and services for the project's targeted poor communities in a sustainable manner through inclusive community and local development processes. There are three components to the project. The first component is community development grants (US$40.9 million, 72 percent of project costs): this will finance the further activities: planning for community and local development, and community sub-projects; the second component is local & community development capacity-building and learning (US$6.6 million, 12 percent of project costs, excluding contingency): this component will finance village and Kum ban level, district and provincial level, National Leading Committee on Rural Development and Poverty Eradication (NLRDPE); and the third component is project management (US$9.0 million, 16 percent of project costs, excluding contingency): this component will finance the costs of implementing PRF II activities. It would include remuneration of national, provincial and district PRF staff; associated equipment and operating costs; accounting, procurement, financial management, internal controls, auditing, and other specialized areas.