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This paper examines Congo's Interim Poverty Reduction Strategy Paper (I-PRSP). Congo's I-PRSP explains the features and causes of poverty in Congo. It provides a short- and medium-term vision of development as well as a strategic orientation for a return to sustainable and equitable growth. The main objective is steady poverty reduction. The choice and implementation of strategic orientations and priority actions in the I-PRSP are consistent with the government's commitment to rebuilding the economy and in line with the Millennium Development Goals, the New Partnership for Development, and the government's "nouvelle espérance" program.
In this paper, the implementation of the activities under the interim poverty reduction strategy and progress toward the elaboration of poverty reduction strategy are described. Institutional framework is strengthened by the creation of the inter-ministerial committee on the implementation of the National Strategy for Poverty Reduction. The goal is to identify priorities and strategies at the community level, and their capacity to operationalize sectoral and thematic poverty reduction strategies. The macroeconomic and financial situation has been stabilized. The poverty reduction strategy budget has been prepared on the basis of detailed cost estimates for each task.
The attached Joint Staff Assessment (JSA) of the Interim Poverty Reduction Strategy Paper (I-PRSP) Preparation Status Report for the Democratic Republic of the Congo reviews progress with respect to the implementation of the PRSP. The report appropriately points to the continuing progress in the implementation of the I-PRSP, especially the restoration of peace, the strengthening of governance, and the improvement in economic management for pro-poor growth. Progress in the production of monthly budget execution reports and in improving the government accounting framework is good, despite some delays.
Congo’s first full Poverty Reduction and Growth Strategy underpinned the economic policy during a particularly challenging transitional period. The difficulty is in implementing the program in a rapidly evolving institutional environment. Developments during recent years demonstrate Congo’s capacity for growth and poverty alleviation if the right incentives are provided. Developments during the last year also indicate the government’s commitment to address the key issues, even in the face of significant political challenges. The government’s response to short-term concerns builds on a compelling vision of long-term development.
This Poverty Reduction Strategy Paper on the Democratic Republic of Congo discusses economic policies and development. The macroeconomic and budget framework has been developed to take into account the effects of sectoral policies to maintain macroeconomic stability, a necessary condition for laying the foundation of economic growth and poverty reduction. It is based on the profile of public spending, the assessment of costs for achieving the Millennium Development Goals by 2020, and the sector-based economic growth theories taking into account the uncertainties of the international environment and the real potential of the Congolese economy. It is found that it allows for a realistic programming of public spending while highlighting the main budgetary choices proposed by the government.