Tanzania – Poverty Reduction Strategy Loan I (PRSL I)

The proposed loan, amounting to UA 50 million, is aimed at providing budget support to the Government of Tanzania during the fiscal year 2004/05. It is designed to help the government implement its Poverty Reduction Strategy and reach the goals articulated in the strategy. The implementation of the strategy will also help in realising the Millennium Development Goals (MDGs). The loan will support the priority policy actions outlined in the PRSP and will augment the resources that other donors are providing targeted at poverty reduction programmes. It focuses on policy actions in the following thematic areas: (i) the promotion of an enabling environment for private sector development, (ii) the development of micro finance, and (iii) strengthening public financial management.