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Poverty Reduction Strategies Business Model for Low-Income Countries

Poverty Reduction Strategies Business Model for Low-Income Countries. Linda Van Gelder The World Bank. PRSPs 101 (plus). Why PRSPs What is a PRSP How to Build a PRSP Where are PRSPs Achievements Challenges.

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Poverty Reduction Strategies Business Model for Low-Income Countries

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  1. Poverty Reduction StrategiesBusiness Model for Low-Income Countries Linda Van Gelder The World Bank

  2. PRSPs 101 (plus) • Why PRSPs • What is a PRSP • How to Build a PRSP • Where are PRSPs • Achievements • Challenges

  3. Why PRSPs ?Motivation for a New Approach Stagnation/deterioration of poverty and inequality • Lack of success of • Conventional IFI approaches • to conditionality • HIPC Initiative Need to rethink how we do business … Introduction of Poverty Reduction Strategy Papers (PRSPs)

  4. What is the PRSP? • A Process Not A Paper • Core Principles: • County-owned • Results-oriented • Comprehensive, LT perspective • Participatory • Partnership-oriented

  5. What is a PRSP Monitoring outcomes Nature and Locus of poverty Determinants Selecting Indicators and targets Public Actions Civil Society External Partner Support

  6. Participation from society members. Input from WB, IMF, other donors The full PRSP is expected to be revised every 3 to 5 years based on the results of ongoing monitoring and evaluation. Monitoring Evaluation Prepare PRSP Country Government Budget Implementation Priorities Indicators Policies

  7. How to Build a PRSP ? DON O R S Consultation & Analysis Donors’ Programs CO U N T R Y Consultations Link to the budget Poverty Analysis PRSP Policies and programs Sector Diagnostics WBG Projects, including PRSCs (budget support) Advisory and Analytical Work ESW: Poverty assessment Public Exp. Reviews, etc. JSA w/ IMF CAS

  8. Where are PRSPs?

  9. Achievements • Country ownership • Centrality of poverty reduction • Openness and transparency • Donor support of PRSP principles

  10. Inherent Tensions Participation v. Prioritization Comprehensive v. Selective/Capacity Int’l Expectations v. Country Ownership

  11. Challenges • Institutionalize participation • Prioritize based on analysis • Improve monitoring systems • Strengthen public expenditure management systems • Align (and increasing) assistance

  12. PRSP Targets and the MDGs

  13. When/How to be Involved? • Diagnostics • Health sector strategies and public expenditure reviews • Monitoring/evaluation/feedback • Alignment/harmonization of support

  14. Patience and perseverance Linkage to domestic processes essential Improvements relative to starting points Progress in alignment critical PRSP – A Dynamic Process

  15. http://www.worldbank.org/poverty/strategies/ Thank you

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