IBRD Trust Funds - World Bank

Published purpose

The Poverty Reduction Support Credit is a World Bank mechanism that provides direct financing, in the form of general budget support, to Tanzania's national budget to assist the Government of Tanzania to implement its National Strategy for Growth and the Reduction of Poverty. The Poverty Reduction Support Credit is provided within the partnership framework between Tanzania and a group of 13 donor countries and international organizations that provide general budget support to the Government of Tanzania. It covers six areas of focus: growth and the reduction of income poverty, improvements to quality of life and social well-being, governance and accountability, macro-economic stability, resource allocation and budget consistency, and public financial management. CIDA works closely with the World Bank, other donors and the Government of Tanzania to monitor progress and achievement of results.