Albania - All Projects

Poverty Reduction Support Credit 2 (PRSC 2)

The Poverty Reduction Support Credit (PRSC) will develop, and implement fiscally sustainable policies within the framework of the Government's three-year National Strategy for Social and Economic Development (NSSED) supporting a higher quality of life (especially for the poor), and consistent with, and supportive of the country's overall growth strategy. This operation will support more effective, and efficient policy formulation, and implementation, improved access to social services, and better targeting of scarce fiscal resources to those most in need, and policies conducive to sustained growth. However, the primary risk remain the weak counterpart capacity to develop, and implement a comprehensive policy program. Nevertheless, main achievements under the project will outweigh those risks, mainly through the maintenance of satisfactory macroeconomic performance; implementation of a pension reform; strengthened capacity to monitor and evaluate the policy agenda, including institutional reforms; initiation on improved quality and access of priority education, and health services; and, improvement of the contestability of the policy formulation process, which includes strengthening accountability, and transparency of the public sector.**

Last Updated February 08 2010

Basic Information
Project Status	Closed
Region	Europe And Central Asia
Country/Area	Albania
Major Sector (Sector) (%)	Public Administration, Law, and Justice (Compulsory pension and unemployment insurance) (25%)
	Education (General education sector) (25%)
	Health and other social services (Health) (25%)
	Public Administration, Law, and Justice (Central government administration) (15%)
	Industry and trade (General industry and trade sector) (10%)
Old Major Sector	Social Protection
Old Sector	Social Protection Adjustment
Env Category	C
Project ID	P077739
Bank Team Lead (Last Name, First)	Goldman, Philip S.
Approval Date	10-JUL-2003
Closing Date	31-DEC-2004
Borrower	GOVERNMENT OF ALBANIA
Implementing Agency	MINISTRY OF FINANCE

Financial
Main Loan/Credit #	38110
IBRD Commitment *	0
IDA Commitment *	18
IBRD + IDA Commitment *	18
Grant Amount *	0
Total Project Cost *	18
Product Line	IBRD/IDA
Lending Instrument	Poverty Reduction Support Credit

Development Outcomes And Goals
*Targeted Thematic Outcomes...*	Supporting this Broader Dev't Goal
Education for all	Achieve universal primary education (MDG); Education (CAP)
Other social protection and risk management	Empowerment, security & social inclusion (CAP)
Poverty strategy, analysis and monitoring	N/A (CAP)
Administrative and civil service reform	Public sector governance (CAP)
Health system performance	Health (CAP)

Available Project Documents***
For a short project overview, please consult the Project Information Document if available.

	Implementation Completion and Results Report (ICR), Vol.1 -29-JUN-2005
	Credit Agreement (), Vol. -24-JUL-2003
	Program Document (PGD), Vol.1 -12-JUN-2003
	Project Information Document (PID), Vol.1 -31-JAN-2003

*Commitment at Board in USD$ millions. Does not reflect any cancellations. Pipeline and dropped projects display the forecast amount. Total project cost includes non-Bank funding.

** The project summary is drawn from the PAD, SAR, or PGD abstract and may not accurately reflect the project's current nature.

*** Project documents are posted to this website as soon as they reach certain milestones (more info.). For example, Project Appraisal Documents are processed and made available through this website a few days after Board approval. If you find that a report which should be here is unavailable, contact Infoshop .

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