Poverty Reduction Strategy - Essay Example

Only on StudentShare

Extract of sample
Poverty Reduction Strategy

Previous attempts at formulating written strategies for reducing poverty (such as the Policy Framework Paper) had resulted in almost the entire document's being drafted by the IFI in question (Piron & Evans, 2004). The PRSP differs in that it must be drafted by the country hoping to receive the grant or debt cancellation. Ownership can be called into question on more than one level. First, ownership by the local government can be questioned because of the nature of the document. The fact that grants and debt cancellations are dependent on its completion and approval by the IFI raises doubts as to whether the policies represented will originate with and reflect the needs of the recipient government and not the donor groups. Doubts also arise concerning the extent to which the nation as a whole may be said to own the PRSP, as internal frictions and disjointedness within the levels of government as well as between and among local non-governmental organisations may also prevent the document's being representative of the different levels and sections of society.
The meaning of the term "participation" is also relevant in the consideration of ownership of PRSP's. ...
Download paper

Summary

The adoption by local governments of policies advanced by international donor organisations like the IMF and World Bank often leaves doubt about the amount of relevance that they have for the states represented by these local governments. Yet the Poverty Reduction Strategy Papers (PRSPs) drafted by nations themselves in order to garner the aid of international financial institutions (IFIs) has also posed doubts about the "ownership" of policies contained within the document…
Author : earnest94

Related Essays

A Winning Political Strategy
6 pages (1506 words) Essay
Poverty in Nigeria
9 pages (2259 words) Essay
National Security Strategy Bill Clinton vs. George Bush
2 pages (502 words) Essay
Terrorism and Poverty
6 pages (1506 words) Essay
Corporate Governance at the Central of Seychelles
30 pages (7530 words) Coursework
Got a tricky question? Receive an answer from students like you! Try us!