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This Joint Staff Assessment examines the Poverty Reduction Strategy Paper (PRSP) Progress Report for Lesotho. Poverty monitoring and the medium-term macroeconomic framework are areas in which the government has made considerable progress. The government has taken a number of steps to ensure that the PRSP will be completed and presented to the IMF and World Bank by November 2003. The report indicates that the government and participating donors have guaranteed sufficient funds to complete the PRSP.

Social Services and Welfare --- Government Policy --- Provision and Effects of Welfare Program --- Social welfare & social services --- Poverty reduction strategy --- Poverty --- Lesotho, Kingdom of

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When donors and recipients have different preferences over budgetary allocations, conditionality helps the implementation of donor-financed poverty reduction programs. However, if donors cannot perfectly monitor all recipients' actions, conditionality entails an inefficient allocation of resources. Under such conditions, the optimal amount of conditionality varies (often not monotonically) with the recipients' degree of social commitment. Finally, if recipients' preferences are not observable, conditionality can be used to prevent recipients with a weak commitment to poverty reduction from obtaining aid funds. This may however lead to further distortions in terms of resource allocation and to phenomena of "aid rationing.".

Financial Risk Management --- Social Services and Welfare --- Government Policy --- Provision and Effects of Welfare Program --- Debt --- Debt Management --- Sovereign Debt --- Social welfare & social services --- Finance --- Debt relief --- Poverty reduction --- Poverty reduction strategy --- Poverty --- Debts, External

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This paper reviews Guyana’s Poverty Reduction Strategy Paper (PRSP) Progress Report 2004. In spite of many challenges, the government made progress in implementing its Poverty Reduction Program. In particular, it pursued prudent macroeconomic policies, which improved economic fundamentals and created the framework for sustainable growth. Priority attention was also given to implementing reforms to improve the institutional and regulatory frameworks, public accountability, confidence building in the judicial and political systems, local government reforms, and the protection of fundamental human rights.

Social Services and Welfare --- Government Policy --- Provision and Effects of Welfare Program --- Education: General --- Health: General --- Social welfare & social services --- Education --- Health economics --- Health --- Poverty reduction and development --- Poverty reduction strategy --- Poverty reduction --- Poverty --- Guyana

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This Joint Staff Advisory Note focuses on the Poverty Reduction Strategy Paper (PRSP) for Cape Verde. The PRSP presents an appropriately ambitious economic outlook, with real GDP growth projected to rise to 7 percent in 2007. The overall macroeconomic framework of the PRSP is based on a rising primary recurrent surplus and on the buildup of international reserves to back the exchange rate peg. But underlying this framework are assumptions of a containment of contingent liabilities, especially from planned privatizations, and a substantial increase in external support.

Health Policy --- Social Services and Welfare --- Education: General --- Analysis of Health Care Markets --- Government Policy --- Provision and Effects of Welfare Program --- Health: General --- Education --- Health systems & services --- Social welfare & social services --- Health economics --- Health --- Poverty --- Medical care

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This Joint Staff Assessment reviews the Poverty Reduction Strategy Paper (PRSP) Status Report for Lesotho. The report states that the authorities are in the final stages of completing the PRSP and expect to submit it to the Cabinet for approval by mid-October and to the Bank and the IMF by mid-November 2004. Consultations with community-based working and thematic groups were concluded by mid-2003. Subsequently, the authorities carried out detailed exercises regarding costing, development of performance indicators, and document preparation.

Poverty --- Economic history. --- Economic conditions --- History, Economic --- Economics --- Destitution --- Wealth --- Basic needs --- Begging --- Poor --- Subsistence economy --- Lesotho --- Social Services and Welfare --- Government Policy --- Provision and Effects of Welfare Program --- Social welfare & social services --- Poverty reduction strategy --- Lesotho, Kingdom of