As successors to structural adjustment programmes, Poverty Reduction Strategy Papers (PRSPs) were introduced in 1999 as preconditions for World Bank and International Monetary Fund (IMF) concessional financing and for debt relief. This paper considers the impact of the PRSP framework on the...

‘Country ownership,' ‘partnership' and ‘participation' are key pillars of what has become increasingly referred to as the ‘new aid architecture.' Catalysed primarily by the inception of the Poverty Reduction Strategy Paper (PRSP) framework, introduced in 1999 as preconditions for debt...

The introduction of the Heavily Indebted Poor Countries (HIPC) initiative in 1996 established landmark legal and policy innovations both in the regulatory landscape of sovereign debt and in the framework of international development finance. As the HIPC framework draws to a close, this paper...