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Poverty Reduction Strategy Papers

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Background

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.

Benin’s Poverty Reduction Strategy

The poverty reduction strategy paper prepared by the Government of Benin ( Growth Strategy for Poverty Reduction ) is the result of broad-based participatory consultations at all stages of its development. To date, Benin has produced two such papers, and the current one covers the period between 2007 and 2009. The document profiles the nature of poverty in Benin, and presents the government’s objectives for reducing poverty over the next three years.

Benin 's PRSP and other related documents are available on the World Bank's Poverty Site.

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