Annual Progress Reports Governments prepare Annual Progress Reports within 12 months after preparation of a PRSP in order to assess progress toward PRS goals and intended policy/program reforms. As mentioned, these reports also allow governments to make adjustments to PRSPs in response to changing macroeconomic conditions, etc. CAS A Country Assistance Strategy (CAS) is a World Bank business plan for development in each member country.
CDF Comprehensive Development Framework (CDF) represents a new way of doing business for the World Bank and its members. It is an approach to development whereby countries become the leaders and owners of their own development policies.
Concessional lending/assistance The terms "concessional lending" and "concessional assistance" both refer to World Bank loans through the International Development Association (IDA). IDA provides long-term loans at zero interest to the poorest of the developing countries. To read more about IDA, see http://www.worldbank.org/ida/.
HIPC Heavily Indebted Poor Countries (HIPC) Initiative is an agreement among official creditors to help the most heavily indebted countries to obtain debt relief.
I-PRSP Interim PRSPs were introduced to avoid delays in receiving assistance. I-PRSPs must include a stocktaking of a country’s current poverty reduction strategy and lay out a road-map of how the country is going to develop its full PRSP.
JSAN After a country prepares a Poverty Reduction Strategy Paper (PRSP), World Bank and IMF staffs prepare an advisory note (the Joint Staff Advisory Note—JSAN). The objective of the JSAN is to provide focused, frank and constructive feedback to countries on their PRS, noting priority areas for strengthening the PRS and its implementation over the coming year.
PRGF Poverty Reduction Growth Facility is an IMF program for the poorest countries. It replaces ESAF and should be based on a country’s PRSP.
PRSC A Poverty Reduction Support Credit (PRSC) is provided by the World Bank to IDA countries to support implementation of a PRSP.
PRSP Poverty Reduction Strategy Papers are to provide the basis for assistance from the World Bank and the IMF as well as debt relief under the HIPC initiative. PRSPs should be country-driven, comprehensive in scope, 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. See also: HIPC Initiative, Annual Progress Report
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