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Poverty Reduction Strategy Papers (PRSP)

Background

Poverty Reduction Strategy Papers (PRSPs) 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).

 

Photo Courtesy of UNICEF Moz.

Poverty Reduction Strategy Papers provide the basis for World Bank and IMF assistance as well as debt relief under the Heavily Indebted Poor Countries (HIPC) 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.


Mozambique's Poverty Reduction Strategy Papers

The Mozambique Poverty Reduction Strategy Paper (PRSP) is also called the Action Plan for the Reduction of Absolute Poverty (PARPA) (in Portuguese).  It describes the country's macroeconomic, structural and social policies and programs to promote growth and reduce poverty, as well as associated external financing needs. The PRSP/PARPA was prepared by the government of Mozambique through a participatory process involving civil society and development partners, including the World Bank and the IMF.

The current PRSP/PARPA for the period of 2006-2009 explains the strategic vision for reducing poverty, the main objectives, and the key actions to be implemented, all of which will guide the preparation of the government's medium-term and annual budgets, programs, and policies. The PARPA II 2006-2009 is Mozambique's second full PRSP.




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