Project Fact Sheet for P-MZ-K00-004

Project / Programme Title

POVERTY REDUCTION SUPPORT LOAN

Brief Project Description

In the medium-term, through PARPA II, the Government aims to reduce poverty headcount from 54% to 45% between 2005 and 2009. It will promote human well being and economic development through rapid, inclusive and broad-based growth. During the next four years the Government envisages carrying out the second ‘wave’ of institutional reforms whilst providing the country with suitable economic and social infrastructure to address the main bottlenecks to private sector development. The ADF’s proposed loan will deepen the Bank Group’s support for the Government’s reform agenda in: (i) ensuring sound macroeconomic management whilst strengthening public financial management; (ii) improving the quality of public services delivered to citizens, and; (iii) undertaking legal and justice reform including private sector development. In this, the PRSL will help implement the PARPA II. The PRSL constitutes an operation to align the policy agenda supported by the Bank Group and other donors with the national priorities as articulated in the PARPA II. In order to be more harmonised with other donors, the operation has been designed as a UA 60 million two tranche operation. The first tranche is for the national budget year 2006, expected to be released in December 2006, and the second tranche is for the budget year 2007, expected to be released in May 2007. The operation fills an identified financial gap (within the PARPA II, and Medium Term Fiscal Framework (MTFF)). While the PRSL operation will provide financial support for implementation of PARPA II, it will disburse against the upfront completion of a number of specific reform measures identified in the PAF.

Donor

ADB

Donor Agency / UN Agency

Banco Africano de Desenvolvimento

Government Counterparts

• Direcção Nacional do Tesouro

Map

Project Information

Project Status

Completed

Mozambican Project Number

Fonte de Recurso

251BAD

Actual Start - End

2006-11-30 / 2007-12-31

Planned Start - End

2006-11-30 / 2007-12-31

Date of Signature of MoU/Contract

2006-11-02 00:00:00 UTC

National / Regional

National 

Type of Implementation

Multilateral 

Project Contact Person

Mr. Duarte da Silva | +216 71 333511 | d.dasilva@afdb.org 

Project Internet Link

 

Comments

Sources of Finance ADF=UA60 million Other=UA439 million  

Funding Information

Aid Modality

General Budget Support

Currency

BUA

Type of Funding

Loan

On/Off Budget

On Budget

On/Off Treasury

Off Treasury

Funding Totals

Disbursements

64,260,000 EUR

Commitments

64,260,000 EUR

Undisbursed

0 EUR

Historic Funding

Disbursements

0 EUR

Commitments

0 EUR

Funding 2007

Disbursements

44,680,000 EUR

Commitments

67,020,000 EUR

Disbursements 1st Quarter

0 EUR

Disbursements 2nd Quarter

0 EUR

Disbursements 3rd Quarter

44,680,000 EUR

Disbursements 4th Quarter

0 EUR

Funding 2008

Disbursements

21,160,000 EUR

Commitments

0 EUR

Disbursements 1st Quarter

0 EUR

Disbursements 2nd Quarter

21,160,000 EUR

Disbursements 3rd Quarter

0 EUR

Disbursements 4th Quarter

0 EUR

Classification

Channel of Delivery

• Direcção N. do Tesouro

Sectors

100.0%

51000 General Budget Support
51010 General budget support

MDGs

• Poverty

Focal Regions

National