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Poverty Reduction Strategy Papers (PRSP)

Background of 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, please refer to the World Bank PovertyNet website.

Lesotho Interim Poverty Reduction Strategy (I-PRSP), December 2000

The Lesotho Interim Poverty Reduction Strategy Paper (I-PRSP) 2000 includes a poverty diagnosis, an analysis of past policies and their shortcomings, an outline of the various elements of the strategy, a policy matrix, and selected indicators for the monitoring and evaluating of the strategy.  The government prepared the document through a consultative process with representatives from government, private sector, non-governmental organizations (NGOs), the National University of Lesotho, and the donor community resident in Maseru. Work is currently underway to develop a full PRSP.

For more information on the Lesotho I-PRSP, please refer to the World Bank PovertyNet Lesotho country page.

 




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