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.

The Uganda Poverty Eradication Action Plan (PEAP)

Uganda's Poverty Reduction Strategy Paper is referred to as the Poverty Eradication Action Plan (PEAP). The first PEAP was issues in 1997, the second in 2000 and the third in 2005. The PEAP is developed through a participatory process involving civil society and development partners, including the World Bank and the International Monetary Fund (IMF).

The key pillars of the third PEAP are:

• Economic Management
• Enhancing Production, Competitiveness and Incomes
• Security, Conflict Resolution and Disaster Management
• Good Governance
• Human Development

To access the PEAP, please visit: Ministry of Finance, Planning and Economic Development.