sources; enhancing the institutional framework to encourage private investment and production; and rationalizing the external trade and payments system. The paper also discusses, as part of a comprehensive povertyalleviationpolicy, the importance of measures to protect the most vulnerable groups of the population during the process of adjustment and reform. To be fully effective, the structural reform efforts need to be supported by prudent demand management, an open international trading system, and, for some countries, appropriate external financial assistance
expected to be strong and that of its expanded membership, comprising parliamentarians, NGO and other representatives of civil society and leading donors, shall be encouraged.
1. Povertyalleviationpolicy is based primarily on sustained, long-term socio-economic development.
2. The groundwork (Grandes Opções, 2001) identifies the main strategic axis to reduce poverty:
a. Promote strong economic growth as an insurmountable factor and as a means of generating income opportunities to rise above poverty threshold;
b. Improve the living
The attached Joint Staff Advisory Note (JSAN) on the Implementation of the Poverty Reduction Strategy Paper for Guinea, prepared jointly by the staffs of the World Bank and the IMF, was distributed with the member country’s Poverty Reduction Strategy Paper (PRSP) to the Executive Boards of the two institutions. The objective of the JSAN is to provide focused, frank, and constructive feedback to the country on progress in implementing its Poverty Reduction Strategy (PRS).
This paper examines the Poverty Reduction Strategy Paper (PRSP) Preparation Status Report for Cape Verde. On the road map to full PRSP, significant progress has been made in the context of preparation of the PRSP. The government has approved the National Development Plan (NDP). The programs and sub-programs incorporated in the NDP are quadrennial (2002–05). The financing gap will be reassessed in light of the review of the macroeconomic framework supported by a Poverty Reduction and Growth Facility arrangement.
financing its growth and povertyalleviationpolicy designed in conformity with the new financial assistance programmes of the Bretton Woods institutions.
3. The road towards the completion point falls within the context of the execution of the medium-term economic and financial programme approved in December 2000 by the Board of Directors of the IMF. The programme is backed by the enhanced PRGF of the IMF which, aims at stabilising the macro-economic framework and public finances and by CAS III of the World Bank, which supports approved structural and sectoral reforms