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International Monetary Fund. External Relations Dept.

At the beginning of August, the IMF and the World Bank launched a review of the poverty reduction strategy paper (PRSP) process to find ways to strengthen the two year-old initiative aimed at improving the poverty focus of public policy in, and development assistance to, poor countries. The IMF launched a concurrent review of the Poverty Reduction and Growth Facility (PRGF), its concessional lending window for poor countries. Masood Ahmed, Deputy Director of the IMF’s Policy Development and Review Department and Co-Chair of the Joint World Bank-IMF Implementation Committee for poverty reduction strategies and debt relief, talks to Wayne Camard about the reviews.

STEPHEN MINK

For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly magazine brings you in-depth analyses of these and other subjects by the IMF’s own staff as well as by prominent international experts. Articles are written for lay readers who want to enrich their understanding of the workings of the global economy and the policies and activities of the IMF.