Review Of The Poverty Reduction Strategy Paper Approach Early Experience With Interim Prsps And Full Prsps

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This paper reviews some early interim and full PRSPs for countries with which the authors worked during 1999-2000 (Uganda, Burkina Faso, Tanzania, Mozambique, Mali and The Gambia). The purpose of the review is to compare and contrast how the PRSP process was established there. It finds that rapid progress was made in implementing the initiative in all the countries, increasing commitment to poverty reduction amongst government and donors and encouraging broader participation in the policy dialogue. However, there was considerable variation between the cases, reflecting different local contexts and capacities.

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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.

The Fund’s concessional facilities are aimed at providing flexible and tailored support to low-income countries (LICs) in their efforts to achieve, maintain, or restore a stable and sustainable macroeconomic position consistent with strong and durable poverty reduction and growth.

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The emergence of the 'Third World' is generally traced to onset of the Cold War and decolonization in the 1940s and 1950s. In the 1960s and 1970s the "three worlds of development" were central to the wider dynamics of the changing international order. By the 1980s, Third Worldism had peaked entering a period of dramatic decline that paralleled the end of the Cold War. Into the 21st century, the idea of a Third World and even the pursuit of some form of Third Worldism has continued to be advocated and debated. For some it has passed into history, and may never have had as much substance as it was credited with, while others seek to retain or recuperate the Third World and give Third Worldism contemporary relevance. Beginning with a comprehensive introduction this edited volume brings together a wide range of important contributions. Collectively they offer a powerful overview from a variety of angles of the history and contemporary significance of Third Worldism in international affairs. The question remains; did the Third World exist, what was it, does it still have intellectual and political purchase or do we live in a global era that can be described as After the Third World? This book was previously published as a special issue of Third world Quarterly.

Bringing together some of the foremost authorities in their fields, this book is the result of work carried out on behalf of the G24, the world's only research effort devoting to furthering the interests of developing countries and bringing their needs to global attention. The book gives a voice to the developing nations of the world through its powerful essays and its fresh perspective.