|Approval Date||27 Oct 2004|
|Signature Date||17 Nov 2004|
|Planned Completion Date||16 Nov 2006|
|Last Disbursement Planned Date||31 Dec 2006|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||11330|
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.
The overall objective of the program is to reduce poverty through accelerated and sustainable economic growth that contributes to the achievement of the millennium goals. The program specifically aims to (i) strengthen the foundations for growth and competitiveness; (ii) improve socio-economic infrastructure and protect the environment; (iii) improve and strengthen governance.
The main beneficiaries are: the Rwandan population and, in particular, the poor segments and vulnerable groups, the enterprises awarded public contracts and economic operators, the entire central and decentralized administration, the country's businessmen and investors private foreigners.
African Development Fund
MINISTERE DES FINANCES ET DE L'ECONOMIE-MINECOFIN
|Last Update||05 Dec 2020|