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The New Conditionality - The Politics of Poverty Reduction Strategies (Paperback)
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The New Conditionality - The Politics of Poverty Reduction Strategies (Paperback)
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Poverty Reduction Strategies (PRSs) are the new buzzwords in
development aid. Some seventy developing countries have already
elaborated a PRS in response to the requirements of the
International Monetary Fund, the World Bank and bilateral aid
agencies and as a precondition for rolling over past debts or
obtaining new assistance. While it may be premature to reach
conclusions as to their ultimate economic and social impacts,
implications for local policy making and political processes, as
this book explains, are already becoming clear. PRSs, as with the
Structural Adjustment policies that they have ostensibly replaced,
run up against a central paradox: in vesting decisive policymaking
powers in external agencies, the very process of drawing up
development strategies to prioritize reducing poverty can undermine
the consolidation of democratic forces, structures and ideas in
developing countries. While the nuanced conclusions of these field
studies show that the political terrain and the specific impacts of
PRSs in different countries are highly variegated, serious
questions arise about the long-term political consequences of this
new generation of contemporary development practices.
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