The Gambia: Poverty Reduction Strategy Paper Second Annual Progress Report: Joint Staff Advisory Note
IMF Staff Country Reports, November 7, 2006
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- The Gambia: Poverty Reduction Strategy Paper Second Annual Progress Report: Joint Staff Advisory Note
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Bibliographic details
- Published: November 7, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451815535.002
Key findings
- A number of initiatives begun in the Poverty Reduction Strategy Paper (PRSP) remain incomplete and need to be further implemented in the new PRSP.
- Strengthened governance is identified as a fundamental cornerstone of the PRSP process.
- Priority areas requiring sustained efforts:
- Strengthening public expenditure management.
- Improving the investment climate.
- Enhancing internal controls at the central bank.
- The PRSP process should be open, transparent, and participatory.
Policy recommendations (Executive Directors)
- Institutionalize the PRSP process as a comprehensive approach to overall public policymaking.
- Sustain ongoing governance-strengthening efforts across public financial management, investment policy, and central banking controls.
- Ensure PRSP implementation mechanisms emphasize transparency and participation.
Implementation priorities and process design
- Carry over and complete unfinished initiatives from the current PRSP into the new PRSP framework.
- Embed governance reforms as a cross-cutting requirement to support poverty reduction objectives.
- Design the PRSP process to enable stakeholder participation and public accountability.
International Monetary Fund. "The Gambia: Poverty Reduction Strategy Paper Second Annual Progress Report: Joint Staff Advisory Note", November 7, 2006. Country Report No. 2006/397, Volume: 2006, Issue: 397, Pages: 9, DOI: https://doi.org/10.5089/9781451815535.002, Stock No: 1GMBEA2006008, ISBN: 9781451815535, ISSN: 1934-7685.
Content in this bundle
- _cr06397 - Section 1