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Millennium Development Goals
Poverty Reduction Strategies

In 1999, the World Bank introduced Poverty Reduction Strategy Papers (PRSP) as the framework through which low-income countries receive concessional lending from it and the International Monetary Fund. A PRSP describes a country’s "macroeconomic, structural and social policies and programs to promote growth and reduce poverty, as well as associated external financing needs."1  It is prepared by national governments, in consultation with civil society groups and external donors.

Threshold 21 and PRSPs

Guided by our mission to provide integrated planning tools and strategies that support sustainable development worldwide, MI has ensured that Threshold 21 is able to support preparation of PRSPs.  Some of the characteristics of T21 that support preparation of PRSPs are:

  • Strengthens the identification of priority poverty-reduction policies and resource needs over a 20 – 30 year horizon
  • Provides comparisons of the relative benefits of alternative policies required to reach poverty-reduction goals
  • Produces dynamic year-by-year projection of expected results that can be used for monitoring and evaluation of progress towards goals
  • Simplifies translating normative development goals into quantitative figures for medium-term expenditures
  • Assists governments in analyzing upcoming agreements with creditors and development partners
  • Generates the standard tables required by the UN, World Bank, and IMF, which assists preparing reports and analyses with these organizations
  • Supports multi-stakeholder use to build broad consensus on national development goals
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