1. The contribution of the PRSP to social policy development in Central Asia and the Caucasus.
- Author
-
Reynolds, Michael
- Subjects
POVERTY ,GOVERNMENT policy ,PRO bono publico legal services ,ECONOMIC conditions in developing countries ,SOCIAL policy ,SOCIAL problems ,MACROECONOMICS - Abstract
The article reports on the role of the Poverty Reduction Strategy Paper (PRSP) to social policy development particularly in Central Asia and Caucasus. PRSP, approved by the International Monetary Fund (IMF) and World Bank, is designed as a framework document for concessional lending to countries with low income. It includes an analytical framework focused on macroeconomic, structural, sectoral as well as social considerations. Specifically, PRSP features a set of poverty reduction measures and policies within an initial three-year time frame. It also discusses the four core principles used for the Comprehensive Development Framework (CDF), another instrument by World Bank. Details about the PRS process and social policy and their implementation in both countries are also presented.
- Published
- 2006
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