Poverty Reduction Strategy Papers (PRSP)

Poverty Reduction Strategy Papers (PRSP) describe a country's macroeconomic, structural, and social policies and programs to promote growth and reduce poverty, as well as associated external financing needs. PRSPs are prepared by governments through a participatory process that involves civil society and development partners, including the World Bank and the International Monetary Fund (IMF).

Poverty Reduction Strategy Papers provide the basis for World Bank and IMF assistance as well as debt relief under the HIPC (Heavily Indebted Poor Countries) Initiative. PRSPs should be country-driven, comprehensive, partnership-oriented, and participatory. A country only needs to write a PRSP every three years; however, changes can be made to the content of a PRSP using an Annual Progress Report.  For more information, please refer to the World Bank Povertynet website.

Status of the Angola Poverty Reduction Strategy Paper (PRSP)

Discussions between the donor community and the government of Angola regarding Angola’s Estratégia de Combate à Pobreza (ECP, or Strategy to Combat Poverty) took place in 2004, and the ECP is in its final stages of revision before being presented to the Boards of the Bank and the IMF. The Bank is working closely with the Ministry of Finance and the National Statistics Department to enable successful monitoring and evaluation of the ECP, in particular, establishing a robust set of baseline indicators against which progress of the ECP can be assessed.