| 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.
Senegal's Second overty Reduction Strategy Paper (PRSP II), covering 2006-10, builds on lessons learned during the implementation of the 2003-05 Senegal Poverty Reduction Strategy (PRSP-I). The PRSP-II pushes the poverty reduction agenda forward so as to meet the objective of raising economic growth to about 7 percent per year necessary to halve poverty by 2015, in line with the targets set out in the New Partnership for Africa's Development (NEPAD) and the Millennium Development Goals (MDGs). This Joint Staff Advisory Note (JSAN) reviews the PRSP-II and provides advice on key priorities for strengthening the updated strategy and promoting its effective implementation.
Senegal's PRSP and other related documents are available on the World Bank's Poverty Site.
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