| Executive Summary |
| I. |
Introduction |
| II. |
Program Content and Design |
| |
A.
|
Realistic and Better Substantiated Growth Projections
|
| |
B. |
Aligning Macroeconomic Frameworks in PRSPs, National
Budgets, and PRGF-Supported Programs |
| |
C. |
Accommodating Higher Aid Flows |
| |
D. |
Improving Public Expenditure Policy and Management |
| |
E. |
Poverty and Social Impact Analysis of Key Measures in
PRGF-Supported Programs |
| |
F. |
Forward-Looking Macroeconomic Analytical Agenda |
| III. |
PRGF Process Change—Alignment with the PRSP
Process and Enhanced Donor Coordination |
| |
A. |
Linking the PRSP and National Budget Cycle |
| |
B. |
Enhanced Donor Coordination and the PRSP Approach |
| |
C. |
PRSP Alignment and Donor Coordination: Implications
for the PRGF |
| |
D. |
Capacity-Building Efforts |
| IV. |
Adaptation of PRGF Documentation |
| |
A. |
The Relationship of the PRGF-Supported Program to the
PRSP— Program Design and Policy Choices |
| |
B. |
Rationalizing PRGF Reporting Requirements |
| V. |
Next Steps |
| Boxes |
| Box 1. |
Defining the Concept of Alignment |
| Box 2. |
The Fund's Work-Program on Low-Income Countries |
| Box 3. |
Evidence on the Bias in Short-Term Macroeconomic Forecasts |
| Box 4. |
Country Case Studies on Poverty and Social Impact Analysis |
| Box 5. |
International Initiatives for Donor Coordination and
Harmonization |
| Box 6. |
Example of Synchronized Cycle for Budget,
PRSP Review, and Budget Support |
| Box 7. |
The Role of the Resident Representative in PRSP Countries |
| Box 8. |
Fund Involvement in the PRSP Participatory Processes |
