2005 Review of the Poverty Reduction Strategy Approach - Balancing Accountabilities and Scaling Up Results

Download or read book 2005 Review of the Poverty Reduction Strategy Approach - Balancing Accountabilities and Scaling Up Results written by International Monetary Fund and published by International Monetary Fund. This book was released on 2005-09-19 with total page 115 pages. Available in PDF, EPUB and Kindle. Book excerpt: In December 1999, the World Bank (the Bank) and the International Monetary Fund (the Fund) introduced a new approach to their relations with low-income countries, centered around the development and implementation of poverty reduction strategies (PRS) by the countries as a precondition for access to debt relief and concessional financing from both institutions. These strategies were also expected to serve as a framework for better coordination of development assistance among other development partners.