Public Information Notice: IMF Executive Board Reviews Poverty Reduction Strategy Papers-Progress in Implementation, September 22, 2003

Poverty Reduction Strategy Papers-Detailed Analysis of Progress in Implementation, September 15, 2003

Poverty Reduction Strategy Papers (PRSP)

See also:
The IMF's Poverty Reduction and Growth Facility (PRGF)

Debt Relief Initiative and the IMF

Poverty Reduction Strategy Papers—Progress in Implementation

Prepared by the Staffs of the IMF and the World Bank

Approved by Timothy F. Geithner and Gobind Nankani

September 12, 2003

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Contents

I.

Introduction

II.

Review of Recent Country Experience

A.

Government Ownership

B.

Participatory Process

C.

PRSP Targets and the Millennium Development Goals

D.

Poverty and Social Impact Analysis

E.

Priority Public Actions

Macroeconomic Policies and Growth

Budget Processes and Public Expenditure Management

F.

Indicators and Monitoring

G.

Donor Alignment and Harmonization

H.

Country Reporting on Implementation

III.

Implications for the IMF and World Bank

A.

Prioritization and Focus in PRSPs

B.

Support for PSIA

C.

Macroeconomic Dialogue and Fund Engagement in the Participatory Process

D.

World Bank Alignment

E.

Operational and Procedural Issues

IV.

Conclusion