Poverty Reduction Fund (under the Ministry of Agriculture and Forestry of Laos)

The Poverty Reduction Fund (PRF) was established by a Prime Ministerial decree 073/PM in 2002, as a financially autonomous organization attached to the Government’s Office. PRF is the Government of Lao P.D.R’s (GOL) key initiative to reduce poverty and eradicate mass poverty by 2015. PRF was designed consistent with the National Growth and Poverty Eradication Strategy (NGPES), and compatible with GOL policies and plans, such as, the National Socio-economic Development Plan and the Rural Development and Poverty Eradication Plan. In September 2006, PRF was formally transferred to the Government’s Office (Decree 222/PM) and overseen by the National Leading Board for Rural Development and Poverty Alleviation (NLBRDPA) now the National Committee for Rural Development and Poverty Eradication (NCRDPE).