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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).

PRSPs provide the basis for World Bank and IMF assistance as well as debt relief under the Heavily Indebted Poor Countries (HIPC) 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 about PRSPs, visit the  World Bank Povertynet website .

PRSP for Cameroon, 2009

The Poverty Reduction Strategy Paper  (PRSP) prepared by the government of Cameroon in 2009 builds on the Vision 2035 policy document. The 2009 PRSP is the result of participatory consultations at all stages of its development. The PRSP describes these consultations, profiles the nature of poverty in Cameroon, presents the government’s objectives for reducing poverty over the next years and outlines the monitoring that will take place to measure effectiveness. 

The government of Cameroon has grand ambitions for its future, as reflected in its “Vision 2035” strategy. This  document served as the anchor for the national Growth and Employment Strategy (Document de stratégie pour la croissance et l’emploi - DSCE), and envisions Cameroon as an “emerging nation, democratic and united in its diversity” by 2035. Its principle objectives include: i) reducing poverty to less than 10%; ii) becoming a middle-income country; iii) being considered an industrialized nation; and iv) consolidating democracy and national unity.

Implementation of the first poverty reduction strategy delivered some results, but the government of Cameroon used opportunities offered by reaching the Heavily Indebted Poor Countries Initiative completion point , eligibility for the Multilateral Debt Relief Initiative (MDRI), and the Paris Declaration on Harmonization and Alignment, to prepare a second generation strategy that is more results-oriented.




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