PRSPs: Good News for the Poor?
Poverty Reduction Strategy Papers (PRSPs) and the Poverty Reduction and Growth Facility (PRGF), to which they are linked were born out of a crisis of criticism affecting the World Bank and the IMF (International Monetary Fund). The success of Jubille 200 and public demands for rapid movement towards thir world debt cancellation were accompanied by calls for effective social conditionality on the use of the resources to be released.