New International Poverty Reduction Strategies by Jean-Pierre Cling, Mireille Razafindrakoto, François

By Jean-Pierre Cling, Mireille Razafindrakoto, François Roubaud, Tony Killick

The realm financial institution and IMF introduced a joint initiative on the finish of the 20th century to struggle poverty. This booklet seriously assesses those new foreign suggestions opposed to poverty. This booklet, initially released in French and up to date the following, should be learn via improvement economists and especially the IMF and global bank--its recommendation must never be missed.

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Cling The World Bank has adopted an innovative stance As we shall see in this section, the stance adopted by the World Bank in its Report is innovative in that it is not limited to the macroeconomic approach, focused on the relationship between growth and income poverty, but widens the concept of poverty to non-income factors, and proposes a series of widely varied policies for attacking poverty. 8 The WDR 2000/2001 describes the many different dimensions of poverty, each requiring equal attention.

Whilst pursuing initial paths of analysis, this chapter highlights the need for more in-depth thinking on the appropriate stratification criteria required to explain the rationale behind the demands and to target specific populations. In the case of Madagascar, the only trait that distinguishes poor people is that they express a strong need for the welfare state. But how can such a demand be satisfied when, in principle, it goes against the policies usually considered? 1 A critical review of the World Bank’s stance on poverty reduction Jean-Pierre Cling Since it defined the concept of Poverty Reduction Strategy Papers (PRSP), the World Bank has officially made the fight against poverty one of its major priorities.

2, was due to the reduction in tariffs and the elimination of import licence requirements. Also, in countries where the abundant factor of production is land rather than labour (Latin America, Africa), liberalisation does not necessarily benefit the latter. Written in the aftermath of the Asian crisis, the Report also mentions the criticisms voiced regarding the financial liberalisation policies recommended by the Bretton Woods Institutions, provoked by the crisis. A draft version of the Report actually questioned the financial liberalisation implemented since the 1980s on these institutions’ initiative, stating that this policy was responsible for the recent crises.

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