Poverty Reduction Strategy Papers

 

 

Poverty Reduction Strategy Papers
Nationally-owned Poverty Reduction Strategy Papers (PRSPs) are the basis of all concessional lending by the World Bank.
PRSPs are prepared by national governments and describe a country's policies and programs to promote growth and reduce poverty. They also specify the external financing needed to carry out these policies and programs.
PRSPs are prepared by governments through a process that brings civil society and development partners, including the World Bank and the International Monetary Fund (IMF), together.

Interim PRSPs (I-PRSPs)
A country needs to write a PRSP only once every three years. However, changes can be made to the PRSP using an Annual Progress Report. Where countries are not in a position to complete the key steps to develop a PRSP, an Interim PRSP ( I-PRSP) can be prepared. An I-PRSP outlines a country’s existing poverty reduction strategy and provides a road-map for the development of a full PRSP.

World Bank and IMF Assessments of PRSPs and I-PRSPs
World Bank and IMF Joint Staff Assessments (JSAs) evaluate the soundness of PRSPs and I-PRSPs and thereby assist the Boards of the World Bank and IMF in judging whether an I-PRSP or PRSP provides a sound basis for assistance and debt relief.

 

 More on PRSPs

More on PRSP in Bosnia and Herzegovina