Structural Adjustment Loan


Project Summary

Approval Date 03 Nov 2000
Signature Date 27 Nov 2000
Planned Completion Date 31 Dec 2005
Last Disbursement Planned Date 31 Dec 2005
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 15124
Commitment U.A 28,088,063.16
Status Completion

Project General Description

The present intervention concerns the Structural Adjustment Loan. It’s designed to support the implementation of the reform program to stimulate economic growth and reduce poverty in the framework of the Interim Poverty Reduction Strategy Paper (IPRSP). The intervention supports reforms specified in the Letter of Development Policy and the policy matrix, concentrating on three core areas as follows: Governance, Civil service reform, Budget and expenditure Management reform. The reforms should help improve the allocation of public resources, improve access of the poor to basic social services and enhance their income generating capacity. The proposed Structural Adjustment Loan should complement the support provided by the Bretton Woods Institutions, DFID and the EU (should be approved in November 2000).

Project Objectives

The objective of the loan is to assist the Government in its efforts aimed at promoting economic growth and poverty reduction in line with international development goals. To this end, the purpose of the loan should provide budget support to the Government to facilitate the implementation of the reforms outlined in the IPRSP.

Beneficiaries

The beneficiaries of the loan are: the Government of Kenya, economic partners and, ultimately, the entire population.

Participating Organization

Funding
African Development Fund
Implementing
Ministry of Finance

Information

IATI identifier 46002-P-KE-KA0-002
Last Update 27 Sep 2020

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Geographic Location

Country Kenya