IBRD Loan: US$45 million equivalent
IDA Credit: US$66 million equivalent
Project ID: P116951
Project Description: The operation has three main objectives: (i) to increase social assistance to the poor, while reducing the fiscal deficit and creating fiscal space for poverty-reducing growth; (ii) to improve the structure and efficiency of public expenditures; and (iii) to reduce social contribution rates and pressures on private sector wages from faster wage growth in the public sector, thereby enhancing private sector competitiveness.
