Definitions of Document Types
CAE: A Country Assistance Evaluation examines Bank performance in a particular country, usually over the past four to five years, and reports on its conformity with the relevant Bank Country Assistance Strategy (CAS) and on the overall effectiveness of the specific CAS.
CAS: A Country Assistance Strategy Document is the central tool of World Bank Management and the Board of Executive Directors for reviewing and guiding the World Bank Group's country programs and the vehicle for judging the impact of its work. Country Assistance Strategy is prepared in consultation with the country authorities and other development partners. Its central focus is reduction of poverty in the client country. It sets out the
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JSA of PRSP: Joint Staff Assessment of Poverty Reduction Strategy Paper is prepared by the staffs of both the World Bank and the International Monetary Fund. It is submitted with a member country's Poverty Reduction Strategy Paper to the Board of Executive Directors of the two institutions. This Joint Staff Assessment evaluates the strengths and weaknesses of a country's poverty reduction objectives and strategies, and considers whether the complete Poverty Reduction Strategy Paper provides a sound basis for concessional assistance from the World Bank and International Monetary Fund, as well as for debt relief under the Heavily Indebted Poor Country initiative.
LDP: Letter of Development Policy sets forth the program of actions, objectives, and policies to be supported by an adjustment lending operation. The prospective borrower prepares the Letter of Development Policy as the basis for such operation.
MIGA Documents: The Multilateral Investment Guarantee Agency (MIGA) was created in 1988 as a member of the World Bank Group to promote foreign direct investment into emerging economies to improve people's lives and reduce poverty. MIGA fulfills this mandate and contributes to development by offering political risk insurance (guarantees) to investors and lenders, and by helping developing countries attract and retain private investment. MIGA releases Environmental Impact Assessment Reports for various projects being underwritten by MIGA.
OED: OED's major document
This article focuses on statistics and actions (or lack of) in policies related to poverty. The topics that is discussed included who is the most likely to live in poverty and how it is measured. Also discussed in this article are the public policy response and poverty reduction. The articles credibility is high due to the type source which is academic. However, the reliability of the context in the article is questionable because of the lack of a strongly written argument. The statements appear to lack explanation on how they got their evidence,
In order to be considered for assistance, countries must have an unsustainable amount of debt, be eligible for interest free loans from the World Bank’s International Development Agency, have a good track record of reform through World Bank supported programs, and have completed a Poverty Reduction Strategy Paper (PRSP). After a country shows that they have met this criteria and continues to meet it and follow through with with their strategy, then they are deemed capable of earning their complete amount of debt relief funds.
According to “Poverty in the U.S. and the Supplemental Poverty Measure” in 2011, the 46.2 million persons in the United States had income below the poverty line. The statistics in the poverty rate did not differ from the prior year. This is evidence that relieving poverty in the United States should be the priority. In addition, differences between government operations in various countries can affect the efforts to reduce poverty on a global level, as Thomas states, “The
On one side of the issue the supporters of developmental aid believe that the United States is doing more than a great job by offering economic assistance to countries that need help to develop. These individuals are aware of the unfortunate poverty levels in many countries abroad. They believe that it is the duty of the American people to help reduce the poverty levels in countries in which people live with less than a dollar a day. In fact, some supporters believe that the U.S. is not offering enough support to the poorer countries. Many have
The Department for Work and Pensions Department for Education (2012) expressed that the target to halve child poverty from 3.4 million to 1.7 million by 2010 was missed and the system was deemed to be complicated and unclear. Although, the evidence did suggest the best route out of poverty was educational attainment and work, The Child Poverty Strategy (2014) implemented that suggestion, raising educational attainment, improving living standards and supporting families into work and increasing their earnings. In spite of this there were strengths and weaknesses to this strategy.
It provides an incentive for countries to implement policy reforms by offering large, multi-year grants to countries that meet the criteria categories of ruling justly, investing in the health and education, and encouraging economic freedom. It uses several Doing Business Indicators in its country selection process. The U.S. Agency for International Development promotes private sector-led economic growth and trade and investment between the United States and developing countries to remove obstacles to by strengthening the protection of property rights, contract enforcement, trade facilitation, financial sector management, commercial dispute resolution, and other pillars of efficient market economies. The Overseas Private Investment Corporation foster economic and social development in emerging and developing countries. It manages risk with political risk insurance, providing financing through direct loans and loan guarantees, and working with private equity through OPIC-supported investment funds.
Aid, as a concept of international development, has been at the centre of countless debates and has been studied through sizeable number of research over the past several decades; yet, there is no consensus among development sector experts on whether it works or not.
According to the article on Waging war on poverty, without the help of the government, it would have been hard to manage the poverty rates from 1972 to 2012. It is said that the poverty levels would have risen from 25 percent to 31 percent instead of dropping from 19 percent to 16 percent. As such, the government was able to reduce poverty levels by 15 percent. The article addresses some of the measures the government took into consideration to curb the rise of poverty levels. Through the use of data and methods, the government was able to monitor, and estimate the poverty thresholds, and also calculate the non-discretionary expenses and resources. The approach is described as units, resources, threshold and the expenses incurred Christopher,
Ending world poverty is not an easy task. Many have tried to end this global problem with the notion that there is enough for the whole world. However, some regions have failed to succeed in the trial to end deprivation. In spite of the failure to end poverty, people like Jeffrey Sachs continue to have the optimism to demolish poverty. Class assignments reading and discussions have enabled the inspiration to acquire policies that could stop the cyclical development of poverty. These policies include the improvement and affordability of primary education in the developing region of sub- Saharan Africa. The prevention and cures of treatable diseases. As well as, the elimination on the food crisis in sub-Saharan Africa. The inspired
Prior to doing the readings for this week, I did not know very much at all about foreign developmental aid. I only ever figured that foreign developmental aid was money that we provided to developing nations to help soothe poverty. After reading these articles, however, I now know that the intended goal of developmental aid is to alleviate poverty in the long-term, rather than as a short-term response. I also saw developmental aid as purely humanitarian, and never paused to consider that consequences of such aid, nor the possibility of the aid failing.
Poverty eradication has become one of the main goals within the last few decades as shown through the recently expired Millennium Development Goals and the subsequent Sustainable Development Goals. Poverty is influential as high poverty causes worse health outcomes within a country. Poverty severely affects several aspects of quality of life, such as health and happiness. This makes it vital to evaluate the quality of life within a country. Poverty and Inequality have been linked together with various factors by the World Bank in their report. This chapter will look at how the economic inequality within Japan, the United Kingdom, South Africa and Brazil have either increased or decreased poverty within a country. The indicators this chapter shall use is the $1.90 poverty line used by the World Bank. This chapter will look at evidence that appears to show that Brazil; with high government intervention and a decrease in inequality has had a dramatic effect on poverty, both absolute and relative. Whilst South Africa; poverty has been reduced but not near the level of reduction experienced in Brazil. In contrast in the two developed states, absolute poverty appears to be less of an issue, but relative poverty seems to still correlate with income inequality. Interestingly, both countries have seen increases in poverty whilst at the same time seen increases in economic inequality. Although the type of poverty is different, inequality appears to have a vital role in determining
In India, poverty is a terrifying issue. Over the years, the rates of the those suffering from the inability of having access to the essentials of life have fluctuated. The government of India has launched several programs to alleviate the poverty. First of all, the government has relied on three approaches for reduction of poverty. According to Smriti Chand, these include: 1) quest of higher economic growth, 2) direct anti-poverty programs and 3) high priority to government expenditure on social sectors, (2014). Most importantly, some of the programs that have been launched are: Antyodaya Plan and the Twenty Point Program. These are two of the twenty-one programs that’s have been created to resolve poverty in India. The Antyyodaya Plan is one that is designed to provide subsidized food to millions of poor families. This was launched by the NDA
Development assistance committee (DAC) of the Organization for Economic development Co operations and Development defines foreign aid or also know as foreign assistance as financial assistance, technical assistance and material assistance which are intended to stimulate economic development and welfare as their key objective but with exclusion of aid given to military and to other non development activities. From historical point, many aids have been provided as bilateral aid where resources are mobilized from one country to another country directly also as multilateral assistance where resources are mobilized from many donors, which may consists different countries and directed to intended countries. The whole process of resource mobilization
On the surface, this seems like a stage forward relationship; however, on closer examination, this goal may not be easily achievable or possible. William Russell Easterly a Professor of Economics at New York University and an American economist has been questioning the failure of development assistance through his article “Was Development Assistance a Mistake?” by challenging three main assumptions that demonstrate the progress of development assistance in poor countries. This critical review will summarize Easterly’s article and provide a critique about the strengths and weakness of his arguments.
My paper will look into the following research question: did the anti-poverty programs and activities of international non-governmental organizations (INGOs) contribute in achieving Goal 1 of the Millennium Development Goals (MDGs), which is to eradicate extreme hunger and poverty, in some South Asian and sub-Saharan African nations? Since NGOs play an active role in eradicating extreme poverty at the local and international level, I chose to look into the anti-poverty programs and strategies implemented by local and international NGOs to see if they have influenced countries to meet their MDGs. The reason I chose these two regions is because South Asia has shown the most dramatic change in reducing extreme poverty rates (52 percent to 17 percent), whereas Sub-Saharan Africa had the least percentage decline (57 percent to 41 percent) and more than 40 percent of the population continues to live in extreme poverty (MDG Report, 2015). There might be geographical, political, and other various reasons in such a stark difference between the two regions, but I wish to probe into how and if the anti-poverty programs of NGOs have made a difference in achieving the MDGs’ Goal 1 (hereinafter referred to as MDG1) in South Asia and Sub-Saharan Africa. There are three sub-goals under Goal 1 of the MDGs: Target 1.A. is to reduce the proportion of people whose income is less than $1 a day into half between 1990 and 2015; Target 1.B. is to achieve full and productive employment and decent