Republic of Tajikistan : Evaluation of the Poverty Reduction Strategy Paper Process and Arrangements Under the Poverty Reduction and Growth Facility

The International Monetary Fund (IMF)
and the World Bank introduced the Poverty Reduction Strategy
Paper (PRSP) process in 1999 to strengthen the poverty
alleviation focus of their assistance to low-income
countries. This report reviews Tajikistan s experience with
the PRSP process, focusing on the effectiveness of IMF and
World Bank support to the process and the extent to which
the two institutions lending and non-lending activities in
the country are aligned to the objectives of the PRSP
approach. The rest of the report is organized as follows.
Part two provides brief background accounts of political and
economic developments since independence in 1991, including
poverty incidence in the late 1990s. The relevance of the
PRSP approach, application of the underlying principles, and
preliminary evidence on results, are examined in part three.
Part four considers the effectiveness of World Bank support,
including alignment of that support to the objectives of the
PRSP approach. The effectiveness of IMF support, including
alignment of programs supported under the Poverty Reduction
and Growth Facility (PRGF) and its predecessor, the Enhanced
Structural Adjustment Facility (ESAF), to PRSP objectives,
is assessed in part five. Part six reviews IMF-World Bank
collaboration, include the Joint Staff Assessments (JSA) of
the PRSP and of collaboration on country operations. Part
seven presents main conclusions and lessons.