The Poverty Reduction Strategy (PRS) of the Republic of Tajikistan for 2010–12 aims to serve as a medium-term program for the implementation of the National Development Strategy up to 2015. It will determine the major socioeconomic development of the country during this period, taking...

This paper focuses on Senegal’s second poverty reduction strategy paper (PRSP–II). It summarizes the results of the participatory PRSP review process prior to final validation and adoption by the government. As an economic and social policy document for growth and poverty reduction...

It is vital to achieve both high levels of sustained, long lasting growth and better income distribution through the Accelerated Growth Strategy in Senegal. In terms of macroeconomic performance, the annual average growth rate dropped owing to exogenous shocks and low productivity in the...

This paper analyzes the strategic role of investment from a debtor country’s perspective. The framework is one in which, if the debtor country is unable to meet debt obligations, a bargaining regime determines the amount of debt repayment. In the context of a two-country real trade model, debt...

This paper analyzes the factors determining the payment on outstanding debt in the presence of partial defaults, and the feasibility of renewed investment. We show that a higher relative size of sectors with lower substitutability between domestic and foreign products will increase the resource...

This paper reviews the Third Progress Report 2002/03 for Tanzania’s Poverty Reduction Strategy. The report highlights what the government did during the past year in terms of policy developments, an assessment of the achievements and challenges, including the monitoring system. There are...

This Poverty Reduction Strategy Paper (PRSP) on Djibouti explains past strategies and the PRSP formulation process. Djibouti suffers from a gross lack of reliable health statistics. Available information gives only a fragmented picture of the reality, but globally, it reveals a difficult health...

This paper reviews findings of the Detailed Assessment of Italy’s Compliance with the Basel Core Principles for Effective Banking Supervision. The Italian banking system seems to exhibit a high degree of resilience to possible macroeconomic shocks, as supported by the evolution of some...