Poverty Reduction Strategy Paper

Poverty Reduction Strategy Papers are in many ways the replacement for Strategic Adjustment Plans, and are documents required by the IMF and World Bank before a country can be considered for debt relief within the HIPC programme. According to the IMF:

Poverty Reduction Strategy Papers (PRSP) are prepared by the member countries through a participatory process involving domestic stakeholders as well as external development partners, including the World Bank and International Monetary Fund.

Critics argue that the criteria used to judge PRSPs by the World Bank and IMF are actually used to impose neo-liberal policies along the lines of the Washington Consensus

Further reading

PRSPs at the IMF PRSPs at the World Bank Jubilee Research: "Debt Relief and PRSPs in Africa Third World Network Paper on PRSPs 50 Years Is Enough: "PRSP: Whitewashing Blackmail"