TACKLING POVERTY TOGETHER Youth Contributing to Poverty Reduction

Introduction to Poverty Reduction Strategies

TACKLING POVERTY TOGETHER Youth Contributing to Poverty Reduction Learning Keys: Become familiar with what Poverty Reduction Strategy Papers and how they are formulated; Position your country’s PRSP in relation to other development priorities. E.g. The Millennium Development Goals (MDGs) Have a better understanding of the objectives of the Tackling Poverty Together (TPT) project and its efforts to support the contributions of young people in eliminating poverty.

TACKLING POVERTY TOGETHER Youth Contributing to Poverty Reduction Poverty Reduction Strategies: Initiated in 1999 by the IMF & World Bank Contains consultation process, description of poverty, action plan and ideally targets, indicators and a budget. There are approximately 66 countires worldwide with PRSPs.

TACKLING POVERTY TOGETHER Youth Contributing to Poverty Reduction Principles of a PRSP: Country-driven Results-oriented Comprehensive and recognizes many dimensions of poverty Partnership-oriented Based on a long-term perspective

TACKLING POVERTY TOGETHER Youth Contributing to Poverty Reduction Dialogue Questions Were you aware of your country’s Poverty Reduction Strategy Paper (PRSP) before this session? Has anyone ever reviewed all or parts of the PRSP? If so, what can you share about its contents? What do you think about the five core principles that are supposed to underlie the PRSP approach (country-driven, results-oriented, comprehensive, partnership oriented, and long-term perspective)? Are there others you would add? What are some of the questions you have about the PRSP process in your country? Where do you think you could go to find the answers?

TACKLING POVERTY TOGETHER Youth Contributing to Poverty Reduction Steps to developing a PRSP: Poverty diagnostics or analysis Policy formulation and choices Financing – costing of strategies Implementation Monitoring and evaluation

TACKLING POVERTY TOGETHER Youth Contributing to Poverty Reduction Objectives of the TPT Project To build the capacity of young people in skills required to influence and engage in tackling development issues affecting them; To provide decision makers with knowledge and commitment to support youth participation; To develop an international network of sharing information and expertise in research, collection of success stories on youth development.