"The World Bank's Mission is to reduce poverty and improve living standards through sustainable growth and investment in people."
Virtually all World Bank activities have a bearing on poverty. The subtopics to the left focus on the Bank's Revised Operational Policy regarding poverty reduction and poverty assessments:
- Operational Policy on Poverty Reduction: presents 'OP 1.00,' which reflects the current framework of the World Bank’s poverty reduction mandate and business procedures.
- Guidance on Poverty Assessments: offers the new Guidance Note on Poverty Assessments (PAs) and discusses issues that were covered at Poverty Analysis Clinics held at the World Bank in order to collect and disseminate good practices.
- Background Note: lays out the objectives behind the revision of the operational policy and the feedback received from the Executive Directors and the extemal consultations and how it has been incorporated into the OP 1.00 and Guidance Note on Poverty Assessments.
- Operational Manual: contains several kinds of operational statements concerning the Bank's core development objectives and Bank-financed lending operations.
Nationally-owned participatory poverty reduction strategies provide the basis of all World Bank and IMF concessional lending and for debt relief under the enhanced Heavily Indebted Poor Countries (HIPC) Initiative. Poverty Reduction Strategy Papers (PRSPs) are prepared by governments through a participatory process involving civil society and development partners, including the World Bank and the International Monetary Fund (IMF). These documents describe a country's macroeconomic, structural and social policies and programs to promote growth and reduce poverty, as well as associated external financing needs. Please refer to the site on poverty reduction strategies for more information.
Poverty analysis, poverty monitoring, impact evaluationand poverty and social impact analysis (PSIA) together play an important role in the elaboration and implementation of poverty reduction strategies in developing countries. Please refer to the sites dedicated to these topics for more information.