On March 8, 2002 and on March 12 respectively, the Executive Boards of the IMF and World Bank discussed the PRSP review. The Review of the Poverty Reduction Strategy Paper (PRSP) Approach: Main Findings (79kb pdf) discusses various emerging good practices from early experiences of countries and development partners, and reviews priorities for knowledge and capacity building in low-income countries. The Main Findings are also available in French, Russian, and Spanish.
The Review of the Poverty Reduction Strategy Paper (PRSP) Approach: Early Experiences with Interim PRSPs and Full PRSPs (297kb pdf) provides good practices for countries and partners (including Bank and Fund), numerous country examples and greater coverage of sectoral issues.
A short summary paper setting out areas of good practice (22kb pdf) (without country examples) has been designed for wider dissemination for practitioners.
Overall, the following aspects raised the most interest and debate in the Board discussions:
The Boards' discussion largely endorsed the findings of the Review -- the need for realism of targets, choosing appropriate indicators and ensuring timely monitoring of progress, the importance of public expenditure management, need to focus on growth, sources of growth and role of the private sector, and so on -- and strongly commended countries, as well as staff, for their commitment and efforts to date. Read the Chairman (151kb pdf)
In carrying out the review, Bank and Fund staff drew on four main inputs:
Country contributions from PRSP teams and national civil service organizations (CSOs), including at four regional PRSP events which brought together countries in Africa (25kb pdf), Europe & Central Asia (28kb pdf), East Asia (19kb pdf), and Latin America (22kb pdf);
External views from development partners and other stakeholders regarding their experience with the PRSP approach, communicated through over 50 written contributions and a series of seminars and outreach activities
Bank/Fund staff contributions including thematic reviews of key aspects of the approach, summaries of Executive Directors' views of the approach and of individual country experiences (51kb pdf), and an issues paper (108kb pdf) prepared as background for the international conference
An international conference on the PRSP approach (24kb pdf) in January 2002, which brought together representatives from 60 low-income countries, their external development partners, and representatives from civil society to discuss their views about how to strengthen the development impact of the approach.