Evaluation Report: Evaluation Of The Imf'S Role In Poverty Reduction Strategy Papers And The Poverty (Ieoea2004002)

In 1999, the IMF and the World Bank adopted a new framework for supporting economic reform in low-income member countries to achieve the objectives of poverty reduction and economic growth. The framework consists of two key elements: country-authored Poverty Reduction Strategy Papers, drawing on broad-based consultations with key stakeholder groups; and a vehicle for the provision of IMF concessional lending, the Poverty Reduction and Growth Facility. This evaluation takes stock of progress to date and attempts to identify shortcomings that may require course corrections in the design and implementation of the initiative.