Public Information Notice: IMF Executive Board Reviews Poverty Reduction Strategy Papers—Progress in Implementation , September 30, 2004

Poverty Reduction Strategy Papers (PRSP)

See also:
Poverty Reduction Strategy Papers—A Factsheet

The Poverty Reduction and Growth Facility (PRGF)—A Factsheet

Debt Relief Under the Heavily Indebted Poor Countries (HIPC) Initiative—A Factsheet



Poverty Reduction Strategy Papers—Progress in Implementation

Prepared by the Staffs of the IMF and the World Bank

Approved by Mark Allen (IMF) and Gobind Nankani (World Bank)

September 20, 2004

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Contents

Executive Summary

I.

Introduction

II.

Status of the PRSP Initiative

III.

Addressing Issues in Implementation

A.

Reinforcing a Country-Driven Approach

Broad Government Ownership

Sustaining Participatory Processes

B.

Enhancing Analytical Underpinnings

Analysis of Growth and its Distributional Implications

Macroeconomic Frameworks

Pro-poor Expenditures

Poverty and Social Impact Analysis (PSIA)

C.

Strengthening Institutional Capacity

Improving Prioritization

Public Expenditure Management Issues (PEM)

Monitoring Systems

The PRS Approach in Countries with Difficult Environments

D.

Enhancing Aid Effectiveness

IV.

Next Steps

A.

Architecture

The Joint Staff Assessment (JSA) of the PRSP

Annual Progress Report (APRs) of PRSPs

B.

Progress Review in 2005

Assessing Progress Towards Addressing Key Challenges After Five Years

V.

Conclusion

Tables

1.

Countries with Full PRSPs

2.

Factors Identified as Sources of Growth

Figures

1.

Growth Rates: 2003 Actual versus Projected

2.

Sectoral Distribution of PSIAs in Low-Income Countries

Boxes

1.

Next Generation of PRSs

2.

Customizing the MDGs to Country Circumstances: Vietnam and Cambodia

3.

Parliamentary Oversight of Ghana’s Poverty Reduction Strategy

4.

Tajikistan: Welfare Implications of Cotton Farmland Privatization

5.

Public Expenditure Management: Country Assessment and Action Plans

6.

Poverty Monitoring and Evaluation Systems in Central and Latin America

7.

Mozambique’s Performance Assessment Framework

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