Senegal receives US$30 million poverty reduction support.

0 Comments | M2 Presswire, December, 2004

M2 PRESSWIRE-15 December 2004-WORLD BANK: Senegal receives US$30 million poverty reduction support(C)1994-2004 M2 COMMUNICATIONS LTD RDATE:12122004 Washington - The World Bank Board of Executive Directors today approved an International Development Association (IDA) credit* of US$30 million to support the implementation of Senegal's poverty reduction strategy and to strengthen the Government's capacity to design and carry out its own development and poverty reduction programs.

The Poverty Reduction Support Credit (PRSC) aims to improve the effectiveness and transparency of the national budget process and expenditure management, including at the decentralized levels, as the main instrument for achieving national development goals, notably poverty reduction...