|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|
|DAC Sector Code||15124|
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).
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.
The beneficiaries of the loan are: the Government of Kenya, economic partners and, ultimately, the entire population.
African Development Fund
Ministry of Finance
|Last Update||27 Sep 2020|