Rwanda - Poverty Reduction Strategy Support Programme - Phase IV (PRSSP - IV)


Project Summary

Approval Date 15 Jul 2011
Signature Date 18 Jul 2011
Planned Completion Date 31 Dec 2011
Last Disbursement Planned Date 31 Dec 2012
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 11330
Environmental Category 3
Commitment U.A 23,190,000
Status Completion

Project General Description

The Poverty Reduction Strategy Support Programme phase IV (PRSSP-IV) is a UA 23.19 million general budget support grant. It is supporting the implementation of a multi-year reform programme with one tranche to fund the Rwanda National Budget of fiscal year 2011/12. The operation is part of parallel general budget support operations amounting to UA 167.39 million funded by the World Bank, The European Commission, DfID and Germany. Key expected outputs include the implementation of the National Export Strategy, the establishment of online business registration, the establishment of an electronic land registry, the finalization and implementation of an SME policy and strategy, the review and simplification of collateral requirements to encourage rural banking, finalize and operationalize the National Human Capital and Skills Development Strategy as well as ESSP strategies and implementation framework.

Project Objectives

The aim of the PRSSP-IV is to contribute to the implementation of the EDPRS in general and to achieve the strategic outcomes of the EDPRS flagship programme Growth for Jobs and Exports as articulated in the CSP. Its operational policy objectives are: i) improved business environment and deepened financial markets; and ii) improved institutional capacity to deliver quality services. It has the following expected outcomes: i) credit to private sector will reach 11.7% of GDP in 2011, the Investor Perception Index (IPI) will improve to 71.2% in 2011, the index on business environment (based on the World Bank’s Doing Business will progress to 63.4% in 2011, 30% of planned outputs are expected to be achieved in the 4 selected SCBI priority areas in 2011, 45% of internal audit reports are submitted in 2011 and the proportion of employers who are satisfied with the performance of TVET graduates.

Beneficiaries

Direct beneficiaries will be private sector operators and in particular SMEs, financing institutions and Government institutions, including Ministry of Finance and Economic Planning (MINECOFIN), Ministry of Trade and Industry (MINICOM) and Rwanda Development Board (RDB).

Participating Organization

Funding
African Development Fund
Implementing
Ministère des Finances et de la Planification économique (MINECOFIN)

Information

IATI identifier 46002-P-RW-K00-011
Last Update 05 Dec 2020

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Geographic Location

Country Rwanda