Ghana’s Growth and Poverty Reduction Strategy Receives US$140 Million
The World Bank reports:
The World Bank Board…approved US$140 million in support of the implementation of Ghana’s Growth and Poverty Reduction Strategy (GPRS II). This year’s budget support is the fourth in the series under the Multi-Donor Budget Support (MDBS) framework under the new GPRS II.
Referred to as the Fourth Poverty Reduction Support Credit (PRSC-4), it is to be used to promote gains made in the areas of primary education and health, as well as to help sharpen the focus on growth-related areas in the energy, financial and natural resource management sectors.
Three previous PRSCs amounting to US$375 million of direct budget support were disbursed by the World Bank to support GPRS I.