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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.

Malawi Growth and Development Strategy 2006-2011

The overriding philosophy of the  MGDS is poverty reduction through sustainable economic growth and infrastructure development. The MGDS differs from its predecessor, the first  Malawi Poverty Reduction Strategy Paper (MPRSP) in some respects, mainly government ownership and other stakeholder input. Government ownership of the MGDS has been stronger than for the MPRS. The Government made careful use of stakeholder participation in preparing the MDGS.

The MGDS builds on the Malawi Economic Growth Strategy (MEGS) that emphasizes the need to create a conducive environment for private sector investment to stimulate economic growth. As such it recognizes the important role of the private sector in promoting economic growth. It also incorporates lessons from the implementation of the Malawi Poverty Reduction Strategy (MPRS). Hence, the MGDS recognizes the need to invest in social development through education, health,good governance and the need to protect the most vulnerable.

For more information on Joint Staff Assessments and progress reports on the MPRSP please refer to the World Bank Country Papers and JSANs.

 




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