| Approval Date | 29 Oct 2008 |
| Signature Date | 26 Nov 2008 |
| Planned Completion Date | 31 Dec 2010 |
| Last Disbursement Planned Date | 30 Jun 2009 |
| Sovereign / Non-Sovereign | Sovereign |
| Sector | Multi-Sector |
| DAC Sector Code | 11330 |
| Commitment | U.A 100,000,000 |
| Status | Completion |
The Poverty Reduction Support Loan III (PRSL III) is designed to support the Government of Tanzania to implement its Poverty Reduction Strategy. The strategy anchores on three complementary pillars—growth and reduction of income poverty; improved quality of life and well-being; and governance and accountability. The project aims at providing the government with direct budget support in the implementation of its poverty reduction strategy. It has four major components: Enhancement of revenue mobilization; Strengthening procurement practices; Strengthening audit functions; and improving governance structures and accountability systems in the road sub-sector. The total cost of the project is UA 465.20 million.
The global objective of the project is to enhance accountability and transparency in the allocation and management of public financial resources. The project specific objectives focuses on selected policy actions and reforms that contribute towards Tanzania’s public sector management reform agenda. These include: (i) effective Public Financial Management (PFM) reforms related to revenue mobilisation, procurement practices and audit functions; and (ii) performance of the infrastructure sector through better governance in the road sub sector.
The project will benefit the government institutions that are directly tasked with accountability, transparency and fiduciary control in the allocation and expenditure of public resources. In particular, it will contribute to enhancing the functions of: external auditing, regulatory arrangements and public procurement and tax revenue collection. Support to the road-sub sector will strengthen the role of key implementers of road programs across the country. The people of Tanzania will benefit from better public financial management that will translate into more resources for the delivery of essential goods and services and improved quality.
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Funding
African Development Fund
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Implementing
Ministry of Finance and Economic Affairs (MoFEA)
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| IATI identifier | 46002-P-TZ-K00-009 |
| Last Update | 07 Jul 2020 |
| Country | Tanzania, United Republic of |