Zambia - The Second Poverty Reduction Budget Support Program (PRBS II)

The Second Poverty Reduction Budget Support Loan (PRBS II) for Zambia is a three year programme aimed at assisting the country to implement the Fifth National Development Plan (FNDP). The programme will reinforce the use of the country system and continue reforms in collaboration with other donors in the context of the two frameworks funded by Cooperating Partners (CPs) namely Poverty Reduction Budget Support (PRBS) and Public Expenditure Management and Financial Accountability (PEMFA). They are complementary and address important areas for the development of the country. It will be supported by a budget support loan amounting to UA15.0 million to be disbursed in two tranches of equal amounts. The expected outcomes are: a conducive and cost effective business environment and improved efficiency, effectiveness and accountability in the management and use of public financial resources.