Is the PRGF living up to expectations? : an assessment of program design / by Sanjeev Gupta ... [et. al.].

"This paper synthesizes two papers prepared by IMF staff - "Review of the Poverty Reduction and Growth Facility : issues and options" (February 14, 2002) and "Review of the Key Features of the Poverty Reduction and Growth Facility : staff analysis (March 15, 2002)..." -- vii.

Includes bibliographical references.

Introduction : the key features of the PRGF--Overview of the study sample and methodology--Key features 1 and 2 : broad ownership and participation and embedding the PRGF in the overall strategy for growth and poverty reduction--Key feature 3 : budgets that are more pro-poor and pro-growth--Key feature 4 : ensuring appropriate flexibility in fiscal targets--Key feature 5 : more selective structural conditionality--Key feature 6 : measures to improve public resource management and accountability--Key feature 7 : social impact analysis of major macroeconomic adjustments and structural reforms--The potential role of capacity building in strengthening program design--Conclusion.