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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 paper discusses Congo’s Request for an Extension for the Poverty Reduction and Growth Facility (PRGF). The extension will provide additional time for the completion of the fifth review under the PRGF. The review was delayed owing to slippages in the second half of 2004 that had led to a depreciation of the Congo franc and high inflation. As a result, three quantitative performance criteria for end-September 2004 were not met. The IMF staff supports the authorities’ request for an extension of the arrangement through October 31, 2005.

Social Services and Welfare --- Government Policy --- Provision and Effects of Welfare Program --- Social welfare & social services --- Poverty reduction strategy --- Poverty reduction and development --- Poverty --- Congo, Democratic Republic of the

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The paper presents a Joint Staff Assessment (JSA) of the Interim Poverty Reduction Strategy Paper (I-PRSP) Progress Report for Pakistan. The JSA identified some important gaps in the poverty reduction strategy for Pakistan. These include a detailed rural development strategy; a more focused human development strategy; costing of programs to achieve targets, particularly in the health and education sector; and a monitoring framework. The preparation status report emphasizes the government’s commitment to continuity of the reforms envisaged in the I-PRSP and outlines various aspects of the process, timeline, content, and progress along these dimensions.

Social Services and Welfare --- Poverty and Homelessness --- Government Policy --- Provision and Effects of Welfare Program --- Welfare, Well-Being, and Poverty: General --- Education: General --- Social welfare & social services --- Poverty & precarity --- Education --- Poverty reduction strategy --- Poverty --- Pakistan