PRSP Flashcards
what is PRSP
is a conditionality; simultaneously refers to the document as well as the
process through which the document is prepared
what is the 1st stage of PRSP called
interim stage
what occurs during the interim stage
TW country expresses initial commitment and it is a decision point
what is the 2nd stage of PRSP called
full PRSP
what occurs during the full PRSP stage
the Constitution is adopted and PRSP process is ina. floating stage until the constitution is implemented
what is the 3rd stage of PRSP called
Debt Relief
what occurs during the debt relief stage
TW receive debt assistance, irreversible once stage 2 is implemented, committed to constitution
how long do stages 1 and 2 last
3 years
why do TW countries prepare PRSP
to get debt relief
are the PRSP tailored to fit the countries needs
no, document is copy pastes the IMF’s macroeconomic policies template and is not edited to adjust to countries needs
who helps TW countries with PRSP
the UNDP helps assist countries in preparing the document leading to TIP
what 4 liberal polices are in the PRSP
privatization, liberalization, decentralization, stabilization
