We study the dynamic general equilibrium effects of introducing a social pension program to elderly informal sector workers in developing countries who lack formal risk sharing mechanisms against income and longevity risks. To this end, we formulate a stochastic dynamic general equilibrium model...

Poverty in Dominica exhibits the following: poor households tend to be larger than nonpoor households; poor households contain proportionately fewer persons of working age, and there is no significant difference in the gender distribution of poverty in the country. The challenges of this...

Jamaica faced intense macroeconomic imbalances that threatened its macroeconomic stability. Executive Directors emphasized the need for credible policy actions and strong fiscal adjustment to reduce imbalances and lower vulnerability. They welcomed the strong fiscal adjustment in the budget and...

The poverty reduction strategy program summarizes the current state of knowledge on poverty in Burundi derived from the participatory process and national consultations. The paper describes Burundi’s serious poverty situation and presents a sound poverty reduction strategy that is...

This report analyzes the Comprehensive Poverty Reduction and Growth Strategy (CPRGS), the poverty reduction strategy paper of Vietnam. It evaluates the CPRGS in the international context and the national situation, economic growth in individual sectors, and social achievements in poverty...

This paper provides the joint assessment of the staff of the World Bank and the IMF on the interim poverty reduction strategy paper (I-PRSP) prepared by the government of the Commonwealth of Dominica and submitted to the World Bank and the IMF. The preparation of this I-PRSP—the later...

The attached Joint Staff Assessment (JSA) of the Poverty Reduction Strategy Paper (PRSP) on Djibouti reviews poverty reduction objectives and strategies. The authorities invested considerable effort in building national ownership of the PRSP by strengthening the institutional framework. The...

This paper reviews Guyana’s Poverty Reduction Strategy Paper (PRSP) Progress Report 2004. In spite of many challenges, the government made progress in implementing its Poverty Reduction Program. In particular, it pursued prudent macroeconomic policies, which improved economic fundamentals...