The Effectiveness of the Macroeconomic Frameworks of the PRSPS for Growth and Poverty Reduction (Draft)

This paper assesses to what extent the macroeconomic content of the Poverty Reduction Strategy Papers (PRSPs) supports the ultimate objectives of sustainable growth and poverty reduction – or, instead, merely reflects typical macroeconomic policies embodied in IMF based stabilisation programmes. It also contributes to our understanding of what forces shape the design and implementation of the macroeconomic policies contained in the PRSPs.