International Monetary Fund. Asia and Pacific Dept
Executive Directors commend Bangladesh in addressing the major challenges to growth and poverty reduction. The strategy is comprehensive and confronts the key issues impeding sustainable development and inclusive growth in Bangladesh. Implementing sound macro-financial policies, intensifying revenue mobilization, improving the business environment, ensuring trade liberalization, and improving governance and accountability are top priorities. Actions should be sequenced according to these priorities. Severe external shocks could reignite macroeconomic pressures and undermine socioeconomic targets.
With less than five years left to achieve the MDGs, this year's report looks at the prospects and challenges for reaching the goals. It also examines the great diversity of performance across indicators, countries, and categories of countriesto determine the necessary policies to fill the remaining gaps.
Falling international prices have helped lower Haiti’s inflation, but base money growth has continued to be higher than targeted in the program. The paper discusses Haiti’s Annual Progress Report on Implementation of the Poverty Reduction Strategy Paper. In the area of economic governance, recent advances have been made to increase transparency and efficiency in the use of public resources and external assistance. These include changes in the legal framework for budget formulation and execution, the setting up of critical institutions and agencies, and efforts to disseminate basic information.
The Haitian authorities have launched a series of actions with the aim of executing the reforms, for which quantitative and qualitative performance criteria have been set and point to the achievement of noteworthy progress. The progress report on Haiti’s Poverty Reduction Strategy Paper is also discussed. The outcomes of the reforms suggest that Haiti has made significant progress toward achievement of the completion point under the Heavily Indebted Poor Countries Initiative, supported by the Poverty Reduction and Growth Facility.
A key challenge of the macroeconomic program is to increase domestic revenue mobilization to help support the higher levels of public spending for investment and basic services. For the current fiscal year, the authorities are developing a supplemental budget to reprogram existing budgetary resources in line with identified poverty reduction strategy priorities. The section on democratic governance presents a forthright analysis and detailed reform program for the justice and security sectors. Private investment in tourism will require improvements in the security situation.
The paper provides an assessment of poverty and inequality on the basis of the data gathered from the most recent surveys. The vision of state and nonstate actors as well as the challenges to be met by 2015 was outlined; the paper also summarizes the major areas of work decided upon by the government of Haiti. Macroeconomic framework and policies are also discussed. Finally, this study covers financing, implementation, and monitoring of the poverty reduction strategy. The growth strategy is based on four key areas or growth vectors.
This Joint Staff Advisory Note focuses on the Interim Poverty Reduction Strategy Paper (I-PRSP) for Haiti. The I-PRSP outlines the main areas of actions envisaged by the authorities to reduce poverty as well as the steps to be undertaken in the preparation of the full Poverty Reduction Strategy. The I-PRSP presents a good diagnostic of the current dimensions of poverty in Haiti. It also covers well the authorities’ macroeconomic objectives and the broad measures necessary to reach these objectives.
This document presents a profile of poverty, and indicates briefly the stakes and challenges involved, using available quantitative and qualitative data to specify the targeted objectives to be reached. Actions to be taken are then positioned within a macroeconomic framework for which short- and medium-term objectives are specified, together with an outline of sectoral policies. The major sectoral priorities of intervention are outlined. Finally, the paper discusses the strategy to be followed in drawing up the full Poverty Reduction Strategy Paper (PRSP).