The Legacy of the Poverty Reduction Strategy Processes in Latin America:Introduction and Overview

摘要

Since the turn of the twentieth century, the Poverty Reduction Strategy (PRS) process has been at the center of international discussions of development and foreign aid. The World Bank and the International Monetary Fund (IMF) introduced the PRS process in 1999 as a tool for restructuring development assistance and donor-government relations. Countries were required to show their commitment to reducing poverty and achieving the Millennium Development Goals (MDGs) by producing 'nationally-owned' poverty reduction strategy papers (PRSPs) through broad participation processes. These national PRSPs aimed to be long-term, comprehensive plans for reducing poverty in the country. The strategies were to be results-oriented; it would be possible to monitor the outcomes of the strategies over time and make adjustments if needed.