The Poverty Reduction Strategy Paper (PRSP) approach is designed to serve several objectives. First, it will constitute a mechanism to link the use of debt relief under the Enhanced Heavily Indebted Poor Country (HIPC) Initiative to public actions to reduce poverty. Second, it will increase the focus of all Bank and Fund concessional assistance to low-income countries on the overarching objective of poverty reduction. Third, it will help improve the...
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