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Poverty Reduction Strategies

In many low-income countries, the national poverty reduction strategy is embodied in a Poverty Reduction Strategy Paper (PRSP), used as a basis for programs with the International Monetary Fund (IMF) and the World Bank. These documents are updated every three years and provide a three-year or longer framework in terms of macroeconomic and social policies to promote economic growth and poverty reduction.

A Nepalese woman’s face reflects the difficult conditions in a country defined by political instability, May 15, 2014. Nepal is still among the poorest countries in the world. The World Bank has selected Nepal as a pilot country to implement an enhanced joint strategy to leverage International Development Association and International Finance Corporation resources, building on programs adapted to local conditions. However, the ...
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