New official review of PRSPs (Bretton Woods Project)

New official review of PRSPs

The World Bank and the IMF are inviting public participation in reviews of the Poverty Reduction Strategy (PRS) process. The review will assess what has been achieved in the two years since this approach to structural adjustment was announced, and examine ways to improve it. Some 15-20 countries are expected to have completed full PRSPs by the end of the year.

Questions to be covered include:

have governments effectively taken the lead on PRSPs, and to what extent have they internalised the process?
have governments engaged in participatory consultations, and how have consultations affected PRSPs' content?
has the PRSP approach improved coordination between aid donors and recipients, as well as between finance ministries and line ministries?
have countries prioritised and costed their reforms and policy actions?
has the push for speed in the HIPC process affected their quality of PRSPs?
how well have Fund and Bank staff supported the PRSP processes?

Outside submissions will be used as background material alongside the IFI's own analysis. An conference will be held in Washington DC in January 2002 and there will also be regional country events.

In parallel the IMF will conduct a review of its Poverty Reduction and Growth Facility. The reviews will be presented to the World Bank and IMF Executive Boards in March 2002.

Send submissions to

prsp@imf.org

prsp@worldbank.org

Background information World Bank website

This text may be freely used providing the source is credited.

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Published: 10 September 2001 , last edited: 28 July 2003

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