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Cape Verde - Poverty reduction strategy paper : preparation status report and joint IDA-IMF staff assessment (English)

The Executive Boards of the IMF and IDA concluded in April 2002 that the government's interim poverty reduction strategy paper (interim PRSP) provided a sound basis for developing a fully participatory PRSP and for Fund and World Bank concessional financial assistance. At that time, the authorities expected to complete the full PRSP by May 2003. The government has decided to delay the completion of the PRSP until November 2003, to provide more time for the completion of work on the poverty profile, policy prioritization, the poverty indicators, program costing, and the incorporation of feedback from the final round of consultations. As the PRSP was not finished within one year of their initial interim PRSP, the authorities have prepared a PRSP preparation status report (PRSP PSR) for presentation to the Boards of the IMF and IDA. The report details the main activities that have been completed to date, identifies the remaining actions for completion, and notes that progress has been made regarding the planning process, data collection, poverty analysis, expansion of the participatory process, and strengthening of the institutional framework. Progress has been realized in most of the key areas highlighted in the joint staff assessment of the interim PRSP. In the area of data collection, the staffs are encouraged by the completion of the household income and expenditure survey, which, together with the 2000 census, will form the basis of the poverty analysis in the PRSP. The completion of three sectoral and one general public expenditure reviews will enable the authorities to make informed decisions regarding the prioritization of public expenditures. Implementation of the recommendations contained in the recently completed CFAA will strengthen budgetary control, accountability, and transparency.

Details

  • Document Date

    2003/05/30

  • Document Type

    Poverty Reduction Strategy Paper (PRSP)

  • Report Number

    26079

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Cabo Verde,

  • Region

    Africa,

  • Disclosure Date

    2010/07/01

  • Doc Name

    Cape Verde - Poverty reduction strategy paper : preparation status report and joint IDA-IMF staff assessment

  • Keywords

    Household Income and Expenditure Survey;civil society at large;interim poverty reduction strategy;participation of civil society;social and economic development;Poverty Analysis;national development plan;reduction of poverty;development partner;macroeconomic model;ministries of health;council of minister;poverty alleviation policy;poverty alleviation program;impact of policy;sectors of education;institutional capacity building;balance of payment;education and health;factor of production;economic growth strategy;access to fund;poverty alleviation strategy;development of infrastructure;measure of poverty;focus group meeting;system of production;living condition;institutional framework;poverty profile;public expenditure;poverty indicator;human capital;macroeconomic framework;long-term growth;sectoral strategy;institutional stability;comprehensive strategy;good performance;Social Welfare;good governance;investment program;adjustment lending;income opportunity;socio-economic development;institutional weakness;medium-term framework;public finance;observer status;foreign affair;technical expertise;budget allocation;household survey;core objectives;poverty program;statistical data;road map;qualitative poverty;information base;Macroeconomic Stability;poverty diagnostic;administrative procedure;political backgrounds;light industry;macroeconomic environment;sectoral reform;sound investment;public resource;social cohesion;equitable distribution;poverty threshold;Judicial Reform;poverty target;social strata;productive capacity;global economy;financial service;financing need;macro economic;macroeconomic stabilization;budget formulation;donor community;multiple donor;administrative capability;broad consensus;budgetary control;local input;consultation meeting;

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Citation

Cape Verde - Poverty reduction strategy paper : preparation status report and joint IDA-IMF staff assessment (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/226751468744252032/Cape-Verde-Poverty-reduction-strategy-paper-preparation-status-report-and-joint-IDA-IMF-staff-assessment