The Poverty Reduction Strategy Papers (PRSPs) from the World Bank

Discussions of scholars from all over the world, non-governmental organizations, the United Nations and the general public have little change in the attitude of the World Bank's concessional lending and debt relief after the collapse of the World Bank's "Washington agreement". As neoliberal failures and general development discourses began to support new theories, the World Bank shifted its financing approach from structural adjustment programs to poverty reduction strategy documents (PRSP).

Reduce poverty. In 1999, the International Monetary Fund and the World Bank served as an important element of the debt relief process under the Heavily Indebted Poor Country Initiative, and as an important pillar of the Fund and the World Bank's concessional lending, the Poverty Reduction Strategy Paper (PRSP) methodology was announced. The poverty reduction strategy document continues to support the Heavily Indebted Poor Country (HIPC) initiative, the World Bank and the International Monetary Fund adopted a new national participatory approach in July 2014 and July 2015 respectively, and the Poverty Reduction Strategy Document We eliminated the need for. The International Monetary Fund has simplified the requirements for poverty alleviation documentation for programs supported by Extended Credit Instruments (ECF) or Policy Support Tools (PSI)

The Poverty Reduction Strategy Document (PRSP) is a document necessary for the International Monetary Fund (IMF) and the World Bank to consider debt relief at the Heavily Indebted Poor Country (HIPC) initiative. Poverty reduction strategy documentation is required before low-income countries receive assistance from most major donors and lenders. The International Monetary Fund stipulates that a poverty reduction strategy document should be prepared based on the five basic principles. Poverty reduction strategy documents must be based on country, achievement-oriented, inclusive, partnership-oriented, and long-term perspectives. In the process of poverty reduction strategies, the government encourages the country to build a more poverty-oriented government and formulate its own strategy by working closely with the population to plan. Comprehensive poverty analysis and broad participation is an important element of the poverty reduction strategy dissertation process. The effectiveness of PRS faces many challenges, including the ability of the country to implement an established strategy