Rethinking the global financial architecture – perspectives from civil society
Soren Ambrose, Development Finance Coordinator, Action Aid International
Africa's trade during the crisis and the conclusion of the Doha Round
Tina Nanyangwe, formerly Jesuit Center for Theological Reflection
To receive debt reduction through the World Bank and International Monetary Fund (IMF), low- income countries must prepare of a Poverty Reduction Strategy Paper (PRSP) to show how money freed up from debt servicing will be used to alleviate poverty. PRSPs describe the country's macroeconomic, structural and social policies and programmes to promote growth and reduce poverty, as well as outline associated external financing needs and major sources of financing. The World Bank and the IMF Board of Directors approve the PRSP produced in each country.
