Implementing the World Bank's strategy to reduce poverty : progress and challenges
Elbadawi, Ibrahim A. | Nader, Majd | DEC
This report outlines the progress made so far in implementing the strategy and policies to reduce poverty set out in the World Development Report 1990, the 1991 policy paper entitled Assistance Strategies to Reduce Poverty, and the 1992 Poverty Reduction Handbook and operational directive. The report highlights the challenge the Bank faces in helping borrowing member countries to achieve their poverty reduction goals. It concludes that developing countries have made substantial progress in reducing poverty over the past three decades, although there has recently been some loss of momentum. The key challenge is thus to resume the more rapid rate of poverty reduction of earlier years. Countries that have shown little progress in reducing poverty will need to adopt policies to promote rapid growth that make efficient use of labor as well as policies that increase access to social services. In countries where there has already been considerable success in reducing poverty, the focus should be on improving public expenditure programs to promote equitable access to social services and to physical infrastructure and on eliminating policy distortions that adversely affect the poor's interests.
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