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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
Map

Project Information

Project Status
Completed
Mozambican Project Number
Fonte de Recurso
251BAD
Actual Start - End
2006-11-01 / 2007-12-31
Planned Start - End
2006-11-01 / 2007-12-31
Date of Signature of MoU/Contract
n/a
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