‘Poverty Reduction Strategy on cards’

Source: ‘Poverty Reduction Strategy on cards’ | The Herald April 27, 2016

Government plans to craft an Interim Poverty Reduction Strategy Paper (IPRSP) for the period 2016 to 2018 to enhance its efforts in fighting poverty, a Cabinet minister said yesterday. Poverty remains one of the biggest challenges in Zimbabwe, but the Government has introduced various home grown initiatives to lower and eventually eradicate it.Measures to eradicate poverty in Zimbabwe also include those governed by several international frameworks such as the recently adopted Sustainable Development Goals.

Finance Minister Patrick Chinamasa said starting from May 3 to 30 this year, consultative meetings would be held across the country to gather input on the IPRSP.

He said core principles of the IPRSP were that it should be country driven, promoting national ownership through broad based participation by all stakeholders.

“The purpose of the IPRSP is to enhance government efforts in fighting poverty in Zimbabwe and ensure inclusive growth, guided by the country’s national development plan Zim-Asset,” he said.

“The IPRSP will therefore focus on practical and well-targeted measures that can be implemented in the short to medium term with long lasting impacts that guarantee improvement of citizenry welfare.” Minister Chinamasa said the IPRSP would also assist in furthering the current re-engagement process with International Financial Institutions (IFIs).

Zimbabwe is in the process of re-engaging multilateral lending institutions and, for instance, has gone through an IMF reform plan, dubbed the Staff Monitored Programme under which various targets on management of the economy and government finances were set.

Under the SMP, Zimbabwe committed to undertaking reforms such as consolidating its fiscal position so that more resources are allocated towards areas including infrastructure and social spending.

“The strategy is also expected to facilitate the re-engagement process with the International Financial Institutions and co-operating partners which is key in financing the country’s development process,” Chinamasa said. Poverty Reduction Strategies Papers (PRSPs) provide lending organizations, like the World Bank and the IMF, assurance that countries receiving aid would utilize the assistance to pursue development outcomes that have been elaborated in the PRSPs and approved by lenders. – New Ziana

COMMENTS

WORDPRESS: 4
  • comment-avatar
    Chinotomba 6 years ago

    You people think poverty can be reduced by people wbo created it? You are worse than morons.

  • comment-avatar
    John Kelvin 6 years ago

    For Poverty Reduction Strategy Paper input there is no need for consultative meetings there is need for a research that would not be subjected to any political affiliations or concerns. A research is more comprehensive because there is inclusion of the poor people who need the initiative to deal with their poverty. Mind you those consultative meetings may be thronged by rich people( who are not poor!!!), politicians (not concerned with anything much other than power not the poor). So a study should be carried either by parliament researchers, university students who are on attachment or other professional researchers.

  • comment-avatar
    Tiger Shona 6 years ago

    As for the Herald and Zanu PF. Please save us all these lies.
    There is only poverty reduction plan that will work for Zimbabwe.
    Mugabe and Zanu PF must get out of government.

  • comment-avatar

    ‘Poverty Reduction Strategy on cards’

    What are these zanu pf clowns saying now? If I get it right, they are saying: for past 36 years they have been pursuing and implementing an opposite strategy to one they want to pursue now. So, what was that strategy?Obviously it was:
    “Poverty generation and escalation strategy”.

    Now, all and sundry should vote them come 2018 because they have now decided to reduced the poverty which they created on the first place. Interesting; isn’t it? nxaaaaa!