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, refer to the World Bank Povertynet website.

Central African Republic Poverty Reduction Strategy Papers

CAR’s Poverty Reduction Strategy Paper (PRSP) is also called the Document de Stratégie pour la Réduction de la Pauvreté. (DSIC).  It describes the country's macroeconomic, structural and social policies and programs to promote growth and reduce poverty, as well as associated external financing needs. The PRSP was prepared by the Government of Mozambique through a participatory process involving civil society and development partners, including the World Bank and the International Monetary Fund (IMF).

CAR presented its first full PRSP (2008-2010) to the Boards of the World Bank and

the IMF in December 2006. The PRSP was also validated by all of CAR’S

development partners during a Roundtable held in Brussels in October 2007. The PRSP is built

on four pillars: (1) security, peace and conflict prevention; (2) good governance and the rule of

law; (3) economic revitalization and diversification; and (4) human development. Gender

promotion and sound environmental management are cross-cutting issues of the PRSP.

 

The monitoring framework of the PRSP became active in March 2008; and the Government organized reviews of progress in June and November 2008. The first annual progress report (APR) on PRSP implementation - a trigger for the HIPC Completion Point - was recently finalized. The APR reflected CAR’S good progress with PRS implementation in 2008, as well as the Government’s efforts to address the most critical binding constraints to poverty reduction and growth, in key areas including political reconciliation, infrastructure, the social sectors and governance.

For more information, click on the following links:

June 2009
Poverty Reduction Strategy Paper: First Annual Progress Report and the Joint IDA-IMF Staff Advisory Note

September 2007
PRSP in English and French