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World
Bank Poverty
Report 2000 Statistical
publication from the World Bank New
development framework proposed Setting up an 'activist partnership mechanism' in co-operation with governments and donors based on a fresh vision of developing country leadership and ownership The formulation of a long term development vision for each country - designed to sharpen the understanding of all stakeholders on what was needed over a 10 to 15 year period - and mobilise all players around a holistic picture. A systematic effort to scale up the development effort - looking at how to effect change in a country and in sectors - and then addressing projects (not the other way around). Assessing
Aid The number of countries which can use aid well has increased dramatically in the nineties. For three out of four people in absolute poverty increased aid would result in faster poverty reduction. The report's definition of sound policies includes open trade, private property rights, absence of corruption, rule of law and social safety nets. In the 32 poor countries with above average policies, every aid dollar generated two in private investment. But without favourable business conditions, aid can do little to attract investors. The PovertyNet electronic newsletter from the World Bank provides an update of new resources about understanding and alleviating poverty from the PovertyNet web site, www.worldbank.org/poverty/ New Asian Development Bank strategy In November '99 the Asian Development Bank approved a new poverty reduction strategy to help eradicate extreme poverty from Asia and the Pacific. At least 40% of all lending in future will be for poverty interventions - currently the ADB finances about $6 billion worth of projects and programs a year. Whilst Asia's population has jumped over the last 30 years from 1.8 billion to 3 billion, the number of poor people has fallen slightly. But 900 million remain in poverty and the Bank intends to readjust its focus to benefit directly or indirectly large numbers of very poor people who have been untouched by the general rise in prosperity. The 3 elements of the ADB's new strategy are: promoting pro-poor, sustainable economic growth, social development and good governance. The single, over-arching goal will be eliminating poverty from the region. The Bank will in future undertake poverty analyses of individual countries, which will be discussed at forums with governments, NGOs, community-based organisations, the private sector and the donor community. These forums will produce country operational strategies to be implemented through partnership agreements. The Bank will invest more to provide the poor, especially women, with access to essential services including access to basic education and primary health care. The ADB will also use new tools, including lending directly to local governments, promoting social and investment funds and supporting NGOs with proven track records for helping the poor. See http://www.adb.org/Documents/Policies/Poverty_Reduction/default.asp
DI
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