Poverty Reduction Strategy Support Program - Phase I (PASRP I 2004-2006)


Project Summary

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
Sector Multi-Sector
DAC Sector Code 11330
Commitment U.A 21,900,000
Status Completion

Project General Description

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.

Project Objectives

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.

Beneficiaries

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.

Participating Organization

Funding
African Development Fund
Implementing
MINISTERE DES FINANCES ET DE L'ECONOMIE-MINECOFIN

Information

IATI identifier 46002-P-RW-K00-006
Last Update 05 Dec 2020

Export

Contact Details

Name KONE Solomane
Email s.s.kone@afdb.org

Geographic Location

Country Rwanda