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Renforcement des Capacites de Lutte Contre la Pauvrete en Republique Democratique de Sao Tome et Principe (PRECASP)

  • Project Name:
    Renforcement des Capacites de Lutte Contre la Pauvrete en Republique Democratique de Sao Tome et Principe (PRECASP)
    Institution :
    The Government of the Democratic Republic of Sao Tome and Principe
    • Core Competence:
      Economic Policy Analysis and Management
    Project Region :
    West & Central Africa
    Country :
    São Tomé and Principe
    Status :
    Closed
    Grant Number :
    57
    Grant Amount (USD):
    1 100 000
    Commitment Date:
    2001
    Closing Date:
    2005
    Introduction:

    In 2000, the Executive Board of ACBF approved a Grant of US$ 1,1 million for four years to the Government of Democratic Republic of São Tome and Princípe for the implementation of the Project for Capacity Building Program for Poverty Reduction in the Democratic Republic of Sao Tome and Principe (PRECASP).  

    Project Description:

    The main goal of the Capacity Building Program for the Reduction of Poverty in the Democratic Republic of Sao Tome and Principe was to improve the performance of the public sector so as to enable it to enable it effectively participate in the formulation, implementation and management of the government development policy and strategy of reducing poverty in the country. This two objectives were to (i) to build/strengthen human resources in primary economic and sectoral ministries and government institutions involved economic policy and strategy formulation and management and public sector reforms for poverty reduction in Sao Tome and Principe; and (ii) to build/strengthen the institutional capacity of economic and sectoral ministries and government institutions responsible for economic policy and strategy formulation and management and public sector reforms for poverty reduction in Sao Tome and Principe.

Thomas Kwesi Quartey

ACBF has been granted the status of a specialized agency because of the potential to transform Africa through capacity development.
H.E. Thomas Kwesi Quartey, Deputy Chairperson, AU Commission
Erastus Mwencha

The recognition of ACBF as the African Union’s Specialized Agency for Capacity Development launches the beginning of a new era for capacity building by ACBF, which will require an appropriate level of political commitment and financial support from all stakeholders.
H.E. Erastus Mwencha, Chair, ACBF Executive Board
Lamin Momodou

The remarkable achievements ACBF has registered over the past 26 years is not by accident in our opinion. They have come through hard work, dedication, commitment, purposeful leadership, support from the member countries as well as productive partnership building.
Mr. Lamin Momodou MANNEH, Director, UNDP Regional Service Centre for Africa
Goodall Gondwe

Africa needs ACBF as much, probably more now, than at the time it was created in 1991.
Hon. Goodall Gondwe, former Chair of the ACBF Board of Governors and Minister of Finance – Malawi
Ken Ofori Atta

Ghana’s partnership with ACBF is a tremendous blessing for us and therefore the opportunity for Ghana to host the 26th ACBF Board of Governors Meeting is something that we treasure.
Hon Ken Ofori Atta, Chair of the ACBF Board of Governors and Minister of Finance - Ghana
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