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Poverty Reduction Strategy Papers (PRSP)

Background on Poverty Reduction Strategy Papers

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.

Status of Poverty Reduction Strategy for Comoros

Comoros received approval for a grant from the Poverty Reduction Strategy Trust Fund for the period November 2001- 2003 to help prepare for an Interim Poverty Reduction Strategy. This multi-donor trust fund is available to support activities in IDA-eligible countries which are at some stage of preparing or implementing a poverty reduction strategy.  In addition, the fund supports activities that are intended to:

Build sustainable country capacity
 

Generate the support of domestic stakeholders and external partners

 

Play a critical role in the successful development and implementation of the PRSP. 

As of March 2004, the government of Comoros had not yet presented an interim Poverty Reduction Strategy Paper.




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