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Strategies for Poverty Reduction The Poor and Highly Indebted Country’s Experience

The VI Poverty Reduction and Social Protection Network Meeting Washington, December 9, 2003

PRS’ Basic Characteristics • • • •

Prepared by countries Long term approach Broad consultation process Quantitative goals with intermediate indicators and monitoring and evaluation systems • Are a framework for international organizations’ support • Comprehensive approach which incorporates macroeconomic and institutional conditions required for objective fulfillment.

PRS’ Lessons 1. 2. 3. 4.

Common framework for establishing each country’s and the supporting international organizations’ priorities. Conceptual PRS’ base must be strengthened. PRS must assign clear responsibilities to institutions in charge of executing them. PRS macroeconomic projections must be realistic.

PRS’ Lessons (cont.) 5. 6. 7. 8.

Participation processes require careful planning and follow-up. Countries are owners of the processes, but this point is still being debated. PRS sustainability is another point of debate. PRS execution structure requires more attention.

PRS Lessons (cont.) 9.

It is important to tailor the PRS design to the country’s characteristics and priorities.

10. It is also important to keep a relatively simple implementation scheme.

strategies for poverty reduction: the poor and highly indebted country's experience