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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.

São Tomé and Príncipe PRSP, 2002

The São Tomé and Príncipe PRSP (PDF) of 2002 seeks to significantly reduce poverty by 2015 through optimal use of the country’s human, natural, and physical resource potential, as well as bilateral and multilateral cooperation. The strategy revolves around the following five basic pillars:

 Reform public institutions, capacity building and promotion of a policy of good governance
 Accelerate and redistribute growth
 Create opportunities to increase and diversify income
 Develop human resources and access to basic social services
 Create Mechanisms for monitoring, assessing, and updating the strategy

For more information, please refer to the São Tomé and Príncipe PRSP (PDF) and the World Bank's Povertynet website.



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