Editorials
Poverty reduction strategy papers
It's too soon to say whether this new approach to aid will improve health
| The first 150 words of the full text of this article appear below. |
A path out of abject poverty is currently being beaten by many low income countries which are developing poverty reduction strategy papers (PRSPs) as a condition for debt relief. This new acronym in the alphabet soup of international aid is the latest lifeline being offered by the World Bank and the International Monetary Fund after what many regard as the failure of its predecessor, the structural adjustment programme (SAP). By May, 33 interim and four full poverty reduction strategy papers had been developed: do they offer genuine hope to low income countries or are they the same old approaches under a new name?
Structural adjustment was characterised by economic policies such
as devaluation and public expenditure reduction coupled with longer
term structural reforms such as privatisation and trade liberalisation.
It has been blamed for rising food prices, closed schools, and massive
lay offs and for delivering the final blow to creaking
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