Journal Articles

The PRSP Approach and the Illusion of Improved Aid Effectiveness: Lessons from Bolivia, Honduras and Nicaragua

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Since 1999, poor countries that want to qualify for concessionary IMF loans and debt relief must elaborate and implement Poverty Reduction Strategy Papers. Donors claim that the PRSP approach will increase aid effectiveness since PRSPs will enhance broad country ownership and lead to better ‘partnership’ with donors, implying more donor co-ordination under government leadership. By examining the experiences of Bolivia, Honduras and Nicaragua, this article finds that the results are disappointing. The article also shows that, by emphasising rational planning and ignoring politics, the PRSP approach has unintended and sometimes harmful consequences. This leads to recommendations for changes of the approach.

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Detail Information

Series Title

Development Policy Review Special Issue: Aid, Institutions and Governance: What Have We Learned?

Call Number

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Publisher

Hoboken, United States : Wiley-Blackwell., 2011

Collation

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Language

English

ISBN/ISSN

14675986

Classification

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Content Type

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Media Type

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Carrier Type

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Edition

Vol 29, Supplement s1, Jan 2011. pages s110–s133

Subject(s)

Poverty
Nicaragua
Aid effectiveness
Bolivia
The PRSP approach and the illusion of improved
Strategy papers
Honduras

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