Publication: Nicaragua : Evaluation of the Poverty Reduction Strategy Paper Process and Arrangements under the Poverty Reduction and Growth Facility
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2004-07-06
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2014-09-17
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The International Monetary Fund (IMF) and the World Bank introduced the Poverty Reduction Strategy Paper (PRSP) process in 1999 to strengthen the poverty alleviation focus of their assistance to low-income countries. This report reviews Nicaragua s experience with the PRSP process, focusing on the effectiveness of IMF and World Bank support to the process and the extent to which the two institutions lending and non-lending activities in the country are aligned to the objectives of the PRSP approach. The report is structured as follows: section B provides background on poverty, the political and economic context, and history of national strategies in Nicaragua. Section C analyzes the PRSP process focusing on application of underlying principles, including through formulation and implementation processes. Section D evaluates the support of the IMF through the PRGF. Section E assesses the support of the World Bank to the PRSP process. Section V summarizes the main findings and attempts to draw lessons for the PRSP process and for Bank and Fund operations.
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“Operations Evaluation Department. 2004. Nicaragua : Evaluation of the Poverty Reduction Strategy Paper Process and Arrangements under the Poverty Reduction and Growth Facility. © http://hdl.handle.net/10986/20216 License: CC BY 3.0 IGO.”
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