A decade of poverty reduction strategy papers and the paradox of development cooperation : a comparative case study of Ghana and Zambia

Abstract

Low-income countries have from the year 2000 been required by the World Bank and the International Monetary Fund to prepare andimplement Poverty Reduction Strategy Papers as a condition for debt relief and for gaining further access to the Bank and Fund's concessional lending programmes. The The Bank aand Fund claim that the PRSP process and strategy embodies a new approach to tackling the challenges of poverty alleviation and economic development among low-income countries as its form, content and process is expected to represent a marked departure from those of the Structural Adjustment Programmes.(SAPs) It is the premise of this theory underpinning the PRSPs that, having done a desktop study, this paper found out that the PRSP strategy and process is not any different from the SAPs. On the basis of this finding the paper hypothesised that the PRSPa are rather a continuation of the failed neoliberal agenda for grwoth and development rather than a reform genuinely aimed at fighting poverty.

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