Poverty Reduction Strategy Paper
Poverty Reduction Strategy Paper - Wikipedia, the free encyclopedia
http://en.wikipedia.org/w/index.php?title=Poverty_Reduction_Strategy_P...
Poverty Reduction Strategy Paper
From Wikipedia, the free encyclopedia
Poverty Reduction Strategy Papers (PRSPs) are documents required by the International Monetary Fund (IMF) and World Bank before a country can be considered for debt relief within the Heavily Indebted Poor Countries (HIPC) initiative.[1][2] PRSPs are also required before low-income countries can receive aid from most major donors and lenders.[2] The IMF specifies that the PRSP should be formulated according to five core principles.[1] The PRSP should be country-driven, result-oriented, comprehensive, partnership-oriented, and based on a long-term perspective.[1] The PRS process encourages countries to develop a more poverty-focused government and to own their own strategies through developing the plan in close consultation with the population.[3][4] A comprehensive poverty analysis and wide-ranging participation are vital parts of the PRSP formulation process.[5][6] There are many challenges to PRS effectiveness, such as state capacity to carry out the established strategy. Criticism of PRSP include aid conditionality, donor influence, and poor fulfillment of the participatory aspect.[2]
Contents
1 Purpose 2 Goals 2.1 Poverty-focused government 2.2 Civil society involvement 2.3 Ownership 3 Formulation process 3.1 Poverty analysis 3.2 Participatory process 4 Content 5 Criticism and challenges 6 See also 7 References 8 Further reading 9 External links
Purpose
The World Bank and IMF require countries to produce a Poverty Reduction Strategy Paper as a condition for debt relief through the HIPC initiative and other monetary aid, as do several bilateral donors.[2] PRSPs are intended to help aid recipient countries meet the Millennium Development Goals (MDGs).[1] They detail a country's plan to promote growth and reduce poverty through
http://en.wikipedia.org/w/index.php?title=Poverty_Reduction_Strategy_P...
Poverty Reduction Strategy Paper
From Wikipedia, the free encyclopedia
Poverty Reduction Strategy Papers (PRSPs) are documents required by the International Monetary Fund (IMF) and World Bank before a country can be considered for debt relief within the Heavily Indebted Poor Countries (HIPC) initiative.[1][2] PRSPs are also required before low-income countries can receive aid from most major donors and lenders.[2] The IMF specifies that the PRSP should be formulated according to five core principles.[1] The PRSP should be country-driven, result-oriented, comprehensive, partnership-oriented, and based on a long-term perspective.[1] The PRS process encourages countries to develop a more poverty-focused government and to own their own strategies through developing the plan in close consultation with the population.[3][4] A comprehensive poverty analysis and wide-ranging participation are vital parts of the PRSP formulation process.[5][6] There are many challenges to PRS effectiveness, such as state capacity to carry out the established strategy. Criticism of PRSP include aid conditionality, donor influence, and poor fulfillment of the participatory aspect.[2]
Contents
1 Purpose 2 Goals 2.1 Poverty-focused government 2.2 Civil society involvement 2.3 Ownership 3 Formulation process 3.1 Poverty analysis 3.2 Participatory process 4 Content 5 Criticism and challenges 6 See also 7 References 8 Further reading 9 External links
Purpose
The World Bank and IMF require countries to produce a Poverty Reduction Strategy Paper as a condition for debt relief through the HIPC initiative and other monetary aid, as do several bilateral donors.[2] PRSPs are intended to help aid recipient countries meet the Millennium Development Goals (MDGs).[1] They detail a country's plan to promote growth and reduce poverty through