This paper on Poverty Reduction Strategy Papers (PRSPs) on Kenya explains macroeconomic, structural, and social policies in support of growth and poverty reduction, as well as associated external financing needs and major sources of financing. The overall objective of macroeconomic policy is to...

This Joint Staff Advisory Note reviews the first Annual Progress Report (APR) of The Gambia’s Poverty Reduction Strategy Paper (PRSP). The APR indicates that The Gambia’s progress in implementing the PRSP has been uneven. Slow implementation mainly reflected low capacity, a lack of...

Gabon continues to enjoy record high oil prices, buoying both exports and government revenues. The critical medium-term challenge facing Gabon is managing the transition from an economy highly dependent on oil to a diversified economy that harnesses private sector initiative, and makes decisive...

This paper examines Sierra Leone’s Poverty Reduction Strategy Paper (PRSP). Sierra Leone’s PRSP considers a number of short- to medium-term challenges that should not only impact immediately on the living conditions of people but also lay solid foundations for addressing the...

Rwanda’s second Poverty Reduction Strategy Paper, the Economic Development and Poverty Reduction Strategy (EDPRS), builds on the strong achievements in human capital development and promotes three flagship areas to mobilize resources and improve policy implementation and coordination...

Lesotho's economy has continued to perform well under the Poverty Reduction and Growth Facility (PRGF) arrangement despite adverse weather conditions and the regional food shortage. Executive Directors welcomed the strategy to achieve higher and sustainable economic growth, reduce poverty, and...

This paper presents a status report on Bangladesh’s Poverty Reduction Strategy Paper. Prudent macroeconomic management has contributed to robust growth and moderate inflation. External conditions have improved with a significant buildup in international reserves. The exchange rate has...

The Joint Staff Advisory Note (JSAN) reviews the National Strategic Development Plan (NSDP)—the new Poverty Reduction Strategy Program of Cambodia. It recommends that the institutional arrangements for NSDP should be strengthened to support its implementation and monitoring. It analyzes...