Document which outlines actions the government intends to take to develop a full a full Poverty Reduction Strategy Paper (PRSP). It also contains details of intended macroeconomic policy reforms and may also include information on the country's poverty situation.
Background
Background
General Practices
Guidelines that operational staff of the Bank use.
Background
European Development Fund
A source of funding for development projects in Europe: mainly used to co-finance: productive investment leading to the creation or maintenance of jobs; infrastructure; local development initiatives and the business activities of small and medium-sized enterprises.
Background
Debt Refinancing
A form of relief in which a new loan or grant is arranged to enable the debtor country to meet the service requirements on an earlier loan.
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Bank Procedures
World Bank guidelines providing parameters for implementing policies.
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World Trade Organisation
Multilateral trading organisation comprising of 142 countries (as of July 2001) who accede to four major treaties governing almost every area of trade. Ascension into the WTO binds all members to all treaties and all provisions within the treaties (subject to a few minor exceptions) although grace periods are granted to individual members states as to when implementation of treaty provisions take place. The four main WTO agreements are: the General Agreement on Tariffs and Trade (GATT); the General Agreement on Trade in Services (GATS); Trade-Related Intellectual Property Rights (TRIPS); and Trade-Related Investment Measures (TRIMS).
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Small and Medium Enterprise
Definitions vary, but generally, enterprises employing between 50 and 250 workers, are commonly termed to be SMEs.
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Poverty Reduction Strategy Paper
PRSPs describe the country's macroeconomic, structural and social policies and programmes to promote growth and reduce poverty, as well as associated external financing needs and major sources of financing. In order for a country to qualify for multilateral debt relief, it must produce a PRSP.
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Operational Directive
The only Bank policy statements that are approved by the board of executive directors and are mandatory for all Bank staff.
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International Monetary and Finance Committee
This is comprised of IMF governors. It meets twice a year and is the political governing body of the IMF.
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Global Environment Facility
This helps developing countries address global environmental challenges and meet their obligations in this area.
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ESAF-HIPC Trust
The trust for special ESAF operations for the Heavily Indebted Poor Countries (HIPC) and Interim ESAF operations. The trust was established in February 1997 to channel special assistance to eligible HIPCs.
