Poverty Reduction Strategy Paper (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 on Poverty Reduction Strategy Papers, please refer to the World Bank Povertynet website.

PRSP for Gabon

As of April 2004, Gabon had not yet produced a Poverty Reduction Strategy Paper.  For information on World Bank assistance to Gabon, refer to the Regional Integration Assistance Strategy.