Rwanda - Poverty Reduction Strategy Support Program - Phase I (PASRP I 2004-2006)

The present intervention concerns the Poverty Reduction Strategy Support Program, Phase I (PRSSP-I). It aims to promote economic growth to sustainably reduce poverty. Indeed, despite the relatively sound macro-economic performance, growth falls short of the poverty reduction objectives and the economy remains vulnerable to external shocks. This first phase of the program (PRSSP-I) should support good governance reforms initiated by the Government, including those aimed at: (i) improve the business climate and lay a solid foundation for private sector development and the diversification of the productive base; (ii) improve budget programming and execution through enhanced consistency among the MTEF, Economic Development and Poverty Reduction Strategy (EDPRS) objectives and budget allocations; and (iii) consolidate the fiduciary framework through PFM reforms, especially those oriented to the management of government procurement. This program (PRSSP-I) includes three (03) components, namely: (i) strengthening the foundations for growth and competitiveness; (ii) the improvement of economic and social infrastructures including the protection of the environment; and (iii) improving and strengthening governance.