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Lao People’s Democratic Republic - Poverty reduction strategy paper and joint staff assessment (English)

Lao People’s Democratic Republic (PDR) interim poverty reduction strategy paper (I-PRSP) was approved by the government on March 20, 2001 and endorsed by the International Monetary Fund (IMF), and International Development Association (IDA) Boards on April 23 and 24, 2001 respectively. The I-PRSP envisaged the completion of the full PRSP by August 2002. The status report indicates that delays in the preparation of the national poverty eradication program (NPEP) were incurred owing to: (i) the revamping of the institutional arrangements, following the decision to merge PRSP and NPEP preparations; (ii) the need to complete key sectoral strategies presented in the I-PRSP; (iii) the strengthening of the participatory framework and time needed to develop broad consultations at the local and national levels; and (iv) limited capacity in line ministries. Staffs welcome broader consultations with several segments of civil society in formulating and implementing poverty eradication plans. The status report announces significant progress towards completing donor-supported action plans in several strategic sectors. These Plans are the cornerstone of the government’s poverty eradication strategy and serve as a basis for the medium-term public investment program (PIP). The status report outlines progress in key cross-sectoral priorities and stresses the importance of sustained and broad reform efforts beyond the ongoing restructuring of state-owned commercial banks and enterprises (SCBs/SOEs). The status report indicates that the action plan defining technical assistance needs in support of the NPEP process will be finalized by end June, 2002. Priority needs include: (i) assessing the linkages between public spending and poverty eradication; (ii) costing and prioritizing investments; and (iii) improving PIP design to meet poverty eradication objectives.

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Lao People’s Democratic Republic - Poverty reduction strategy paper and joint staff assessment (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/933031467987842325/Lao-People-s-Democratic-Republic-Poverty-reduction-strategy-paper-and-joint-staff-assessment