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Nicaragua : Evaluation of the Poverty Reduction Strategy Paper Process and Arrangements under the Poverty Reduction and Growth Facility

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  • Operations Evaluation Department

Abstract

The International Monetary Fund (IMF) and the World Bank introduced the Poverty Reduction Strategy Paper (PRSP) process in 1999 to strengthen the poverty alleviation focus of their assistance to low-income countries. This report reviews Nicaragua s experience with the PRSP process, focusing on the effectiveness of IMF and World Bank support to the process and the extent to which the two institutions lending and non-lending activities in the country are aligned to the objectives of the PRSP approach. The report is structured as follows: section B provides background on poverty, the political and economic context, and history of national strategies in Nicaragua. Section C analyzes the PRSP process focusing on application of underlying principles, including through formulation and implementation processes. Section D evaluates the support of the IMF through the PRGF. Section E assesses the support of the World Bank to the PRSP process. Section V summarizes the main findings and attempts to draw lessons for the PRSP process and for Bank and Fund operations.

Suggested Citation

  • Operations Evaluation Department, 2004. "Nicaragua : Evaluation of the Poverty Reduction Strategy Paper Process and Arrangements under the Poverty Reduction and Growth Facility," World Bank Publications - Books, The World Bank Group, number 20216.
    • Handle: RePEc:wbk:wbpubs:20216
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    File URL: https://openknowledge.worldbank.org/bitstream/handle/10986/20216/821310WP0prsp000Box379840B00PUBLIC0.pdf?sequence=1
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    References listed on IDEAS

    as
    1. Government of Nicaragua, 2001. "Nicaragua: A Strengthened Growth and Poverty Reduction Strategy," IDB Publications (Working Papers) 8917, Inter-American Development Bank.
    2. International Monetary Fund, 2002. "Nicaragua: Selected Issues and Statistical Appendix," IMF Staff Country Reports 2002/269, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

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