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updated: 7 March, 2007
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Poverty reduction strategy papers: It's too soon to say whether this new approach to aid will improve health
A path out of abject poverty is currently being beaten by many low income countries which are developing poverty reduction strategy papers (PRSPs) as a condition for debt relief. This new acronym in the alphabet soup of international aid is the latest lifeline being offered by the World Bank and the International Monetary Fund after what many regard as the failure of its predecessor, the structural adjustment programme (SAP). By Ellen Verheul, project officer, economic policy and health programme

Source: BMJ

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A national strategy for economic growth and poverty reduction
Globalisation can help us overcome poverty quickly, if we can prepare our poor to participate in the globalised market. Most important thing is the participation. We must bring IT to the poor, to participate in and take advantage of globalisation. If we leave our poor at the mercy of the global forces without preparing them to ride on the tidal waves of globalisation, they'll get drowned by the globalisation...Actions to be taken to reduce poverty by half by 2015 are well-known. Just pick the strategic ones and go for them with full force. By Muhammad Yunus

Source: Sustainable Development Networking Programme

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Participation of Civil Society in "Poverty Reduction Strategy Paper and Annual Budget"
The World Bank and the International Monetary Fund - IMF to Eradicate poverty which is said to be their principal goal have given a new prescription of preparing "Poverty Reduction Strategy Paper". In this new approach, countries who need world Bank and IMF assistance and help need to prepare a poverty reduction strategy paper. Bby Md. Mojibur Rahman Bhuiyan, General Secretary, Bangladesh Mukto Sramik Federation (BMSF)

Source: International Confederation of Free Trade Unions

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IMF/World Bank Poverty Reduction Strategy: effective, participatory and locally owned?
Is there evidence that the Poverty Reduction Strategy (PRS) of the World Bank and International Monetary Fund (IMF) is working? Can the PRS lead the least developed countries out of poverty? Are the Poverty Reduction Strategy Papers (PRSPs) nationally owned and participatory – or are they becoming just another hoop through which poor countries must jump to access funds? By Kitty Warnock and Nikki van der Gaag

Source: ID21

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PRSPs investigated: structural adjustment in another guise?
In 1999 the World Bank and IMF replaced structural adjustment programmes (SAPs) with new conditions for loans and debt relief – the Poverty Reduction Strategy Paper (PRSP). Should bilateral donors buckle to pressure to coordinate aid through PSRPs? Are PSRPs as pro-poor and participatory as they sound? By Alison Marshall, Jessica Woodroffe and Petra Skell

Source: ID21

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