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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.
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 ...
A number of articles have found linkages between poverty reduction and good governance. [326] Some find that economic growth is more impactful at reducing poverty in well governed countries. [327] [328] [329] Others find that there is a direct effect of governance on poverty reduction.
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.
The relationship between poverty reduction and differing levels of welfare expense as a percentage of GDP [1] The effects of social welfare on poverty have been the subject of various studies. [1] Studies have shown that in welfare states, poverty decreases after countries adopt welfare programs. [2]
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.