Poverty Reduction Strategy Papers (PRSPs)

Poverty Reduction Strategy Papers (PRSPs) are documents created by countries to outline their plans for reducing poverty and promoting economic development. Developed in consultation with citizens and various stakeholders, PRSPs identify key challenges and goals, such as improving education, healthcare, and job opportunities. They serve as a guide for governments and help attract international aid and investment by demonstrating a commitment to sustainable growth and social welfare. The process emphasizes transparency and accountability, aiming to involve local communities in the decision-making and implementation of poverty alleviation initiatives.