NI POVERTY REDUCTION SUPPORT CREDIT II

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The proposed Poverty Reduction Support Credit (PRSC II) will be the second in a series of operations supporting the implementation of the country's Poverty Reduction Strategy, now in its second generation (PRSP II). The PRSP II builds on five strategic areas: (i) economic growth for poverty reduction, (ii) human capital development and social protection, (iii) productive and social public infrastructure, (iv) governance and state reforms, and (v) macroeconomic stability. PRSC II will provide budgetary financing, within a medium term macroeconomic framework. It will support the adoption or implementation of policies designed to:(a) maintain macroeconomic stability while protecting poverty reduction spending, (b) promote international trade, (c) promote registration of indigenous communities' titles, (d) ensure fiscal sustainability of education sector legislation: (e) implement legislation establishing a civil service, (f) improve public finance management; and (g) promote regular, financially sustainable road maintenance.