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.

Guinea's PRSP, 2002

Guinea's PRSP is the result of intensive consultations undertaken for a whole year.  Guinea’s participatory and consultative processes have lead to (i) a genuinely country-owned strategy; (ii) a relatively thorough poverty diagnosis, despite the limited availability of recent data; and (iii) the comprehensiveness of the strategy.

The PRSP provides a description of poverty in Guinea.  It outlines the objectives of the current strategy and includes a detailed explanation of the various elements and priority actions to reduce poverty in Guinea.   In addition, the document presents a plan to establish a monitoring and evaluation mechanism for which the first steps have already been taken. 

The Poverty Reduction Strategy aims at reducing the incidence of income poverty from 40 percent (in 1995) to 30 percent (in 2010).  The document presents a coherent and results-oriented strategic framework based on three main pillars:

Â	Sustaining faster economic growth and creating income-earning and employment opportunities, particularly for the rural poor
Â	Improving and extending access to basic services
Â	Improving governance and strengthening institutional and human capacity.Â

 

 

 

For more information, please refer to Guinea's PRSP (PDF).