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Poverty Reduction Strategy in BangladeshRethinking participation in policy making$
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Palash Kamruzzaman

Print publication date: 2014

Print ISBN-13: 9781447305699

Published to Policy Press Scholarship Online: September 2014

DOI: 10.1332/policypress/9781447305699.001.0001

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Poverty Reduction Strategy Papers

Poverty Reduction Strategy Papers

another brick in the wall

(p.81) CHAPTER THREE Poverty Reduction Strategy Papers
Poverty Reduction Strategy in Bangladesh

Palash Kamruzzaman

Policy Press

Chapter Three looks at the Poverty Reduction Strategy Paper (PRSP) framework as the latest in the World Bank’s and IMF’s poverty reduction prescription series and draws on a critical analysis to understand whether it is different than other policies of the World Bank and IMF. The PRSP framework was officially incorporated into all International Financial Institutions (IFIs) development policies and programmes and was endorsed in 1999 as the basis of all future concessional lending to low-income countries, as well as debt relief under the enhanced Heavily Indebted Poor Countries (HIPC) initiative. The PRSP tool has thus become among the most important documents for national planning and communicating priorities to development partners, and it lies increasingly at the centre of development assistance and debt relief to poor countries and explores how the PRSP approach has been imposed as a condition of debt relief and further loans from the World Bank and IMF; the interconnections between PRSP and previous poverty reduction prescriptions by the IFIs; and the notion of ‘ownership’ and ‘participation’ in the PRSP framework.

Keywords:   Poverty Reduction Strategy Paper, PRSP, civil society, participation, ownership, Bangladesh

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