| Background on Poverty Reduction Strategy Papers (PRSPs) 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, visit the World Bank Povertynet website.
Interim PRSP for the Central African Republic The Interim Poverty Reduction Strategy Paper (I-PRSP), prepared by the Government of the Central African Republic, was presented to the Boards of the International Development Agency (IDA) and the International Monetary Fund (IMF) in December 2000. With an overall goal of reducing poverty, the I-PRSP identifies the governments' objectives in three areas as shown below:  Macroeconomic/
Financial
| Structural | Socioeconomic | Management of public finances
| Real growth of 7-10 percent | Reduction in the prevalence of HIV/AIDS | | Expenditure control and better quality of public expenditure | Improved redistribution of income | Increased life expectancy at birth
| | Efficiency of public investment | Competitiveness and profitability of key economic sectors | Easier access to production factors
| | Price stability and external competitiveness | Competitiveness and integration within regional economic area (CEMAC) | Easier access to public goods and services | | | Reduction of maternal and infant mortality
| | | Reduction of cash income poverty
| | | Social mobilization and communal actions
| | | Access to basic education |
The I-PRSP also discusses the actions to be taken to meet these objectives as well as the steps to prepare the country's full PRSP. For more information, please refer to the Central African Republic Interim Poverty Reduction Strategy Paper (PDF).
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