Poverty Reduction Strategy Papers And Sustainable Development, Ottawa, January 23, 2001

By Daniel Morrow on January 27, 2002
In his 1998 Prebisch Lecture, Joseph Stiglitz put forward a new paradigm for development, which is a key topic of discussion at this workshop. Today I will make the case that the Poverty Reduction Strategy Paper—PRSP—program launched by the World Bank and the IMF is an effort to make operational the core principles of that new paradigm. I will begin my remarks today by explaining the PRSP approach and its consistency with the Stiglitz paradigm. Then I will discuss several of the most difficult questions about how to implement the PRSP approach. In closing, I want to talk briefly about the relationship between the PRSP approach and the challenge of sustainable development.

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IISD, 2002