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Poverty Reduction Strategy Papers (PRSPs) are documents required by the International Monetary Fund (IMF) and World Bank before a country can be considered for debt relief within the Heavily Indebted Poor Countries (HIPC) initiative. [1] [2] PRSPs are also required before low-income countries can receive aid from most major donors and lenders. [2]
In addition to engendering poverty and poverty interventions, a correlation between greater gender equality and greater poverty reduction and economic growth has been illustrated by research through the World Bank, suggesting that promoting gender equality through empowerment of women is a qualitatively significant poverty reduction strategy. [90]
The Poverty Reduction Strategy (PRS) is a country-based process which leads to the formation of a Poverty Reduction Strategy Paper. [1] The paper is then presented to major donors such as the International Monetary Fund (IMF) and the World Bank for approval. Approval allows foreign aid to be given to the country. [2]
For the poorest developing countries in the world, the bank's assistance plans are based on poverty reduction strategies; by combining an analysis of local groups with an analysis of the country's financial and economic situation the World Bank develops a plan pertaining to the country in question. The government then identifies the country's ...
One of PRGF's goals is to ensure that impoverished nations re-channel the government funds freed from debt repayment into poverty-reduction programs. To that end, each country's PRGF program is modeled around a Poverty Reduction Strategy Paper (PRSP). PRSPs describe the macroeconomic, structural, and social programs that a country will follow ...
The targets cover a wide range of issues including the eradication of extreme poverty (target 1.1), reduction of poverty by half (1.2), implementation of social protection systems (1.3), ensuring equal rights to ownership, basic services, technology and economic resources (1.4), building of resilience towards environmental, economic and social ...
In developmental economics, the Poverty-Growth-Inequality Triangle (also called the Growth-Inequality-Poverty Triangle or GIP Triangle) refers to the idea that a country's change in poverty can be fully determined by its change in income growth and income inequality. According to the model, a development strategy must then also be based on ...
Theories on the causes of poverty are the foundation upon which poverty reduction strategies are based.. While in developed nations poverty is often seen as either a personal or a structural defect, in developing nations the issue of poverty is more profound due to the lack of governmental funds.