PRS 2005 Review: Lessons and Resources
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2005 PRS Review: Balancing Accountabilities and Scaling Up Results
The poverty reduction strategy (PRS) approach, begun in 1999, redefines the relationship of aid--empowering governments to set their priorities (and holding them accountable for results), and encouraging donors to provide predictable, harmonized assistance that is aligned with country priorities. The approach centers around countries developing and implementing poverty reduction strategies (PRS) that articulate development priorities and specify the policies, programs, and resources needed to meet their goals.
The 2005 PRS Review encourages continued support for a country-based development model, recognizing that this requires medium- to long-term commitment to institutional changes and capacity building--including efforts to strengthen governance and accountability. PRS processes and content need to be customized to country circumstances in order to support a balance in accountabilities between governments (to their domestic constituents for improved policies, governance, and development results) and donors (to provide more and better aid in ways that support rather than detract from domestic accountability).
Synthesis| Full Report
This year marks the fifth anniversary of the PRSP initiative. In light of five years experience in helping to implement the approach, World Bank and IMF staff plan to use the 2005 review to undertake an in-depth assessment of progress, challenges, and good practice related to several key issues. In particular, the review will draw lessons for future policy, with a view to enhancing the PRSP’s effectiveness as a vehicle for attaining the MDGs.
The 2005 PRS review will focus on five themes identified through discussion with stakeholders and a review of literature that are central to the effectiveness of the PRS approach. The themes are:
- Strengthening the medium-term orientation of the PRS approach;
- Utilizing the PRS as a mutual accountability framework between countries and donors;
- Broadening and deepening meaningful participation;
- Enhancing linkages between the PRS, MTEF, and budgets; and
- Tailoring the approach to conflict-affected and fragile states.
Within these five themes, the review will incorporate analysis from various sources in reporting on overall progress and trends; improvements over past practices; objectives moving forward and benchmarks for assessing progress; good practice; key challenges; and recommendations.
The 2005 review will include the views of staffs and other stakeholders, including country officials, donors, civil society organizations, and other partners. It will draw on studies, reviews and analyses undertaken or planned by external partners. We appreciate any contributions you or your colleagues may have and can discuss these with you in further detail if you have questions. In view of the timetable for this review, which will be presented to our Boards in September 2005, any analysis that feeds into the review should be available by May 2005.
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