Poverty Reduction Support Credits in Uganda : Results of a Stocktaking Study
Uganda pioneered the use of budget support operations known as Poverty Reduction Support Credits (PRSCs) in the World Bank. PRSCs were designed to channel programmatic lending to support policy and institutional reforms in support of a country'...
Main Author: | |
---|---|
Format: | Development Policy Review (DPR) |
Language: | English en_US |
Published: |
World Bank, Washington, DC
2013
|
Subjects: | |
Online Access: | http://documents.worldbank.org/curated/en/2004/06/4645923/uganda-poverty-reduction-support-credits-results-stocktaking-study-uganda-poverty-reduction-support-credits-results-stocktaking-study http://hdl.handle.net/10986/15673 |
Summary: | Uganda pioneered the use of budget
support operations known as Poverty Reduction Support
Credits (PRSCs) in the World Bank. PRSCs were designed to
channel programmatic lending to support policy and
institutional reforms in support of a country's Poverty
Reduction Strategy, usually presented in the form of a
Poverty Reduction Strategy Paper (PRSP). In the case of
Uganda the PRSCs were designed as a series of annual credits
supporting a three year rolling program of reforms, based on
Uganda's version of a PRSC, which is known as the
Poverty Eradication Action Plan (PEAP) . The World Bank
credits are in the form of untied budget support, financing
all government activities, in the same way as domestic tax
revenues. The PRSCs have been significantly co-financed by
other donors in the form of grants which, like the World
Bank credits take the form of untied budget support. The
focus of this report is to study what has worked, what has
not worked, and what could be improved in the Uganda PRSC
process in the future. |
---|