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Even though large growth has been made in decreasing poverty within the constructing global, a lot is still performed. Over 1 billion humans survive under $1 an afternoon, and three billion continue to exist under $2 an afternoon. because the variety of terrible humans has risen in all areas (with the exception of East Asia), disparities in source of revenue and unequal entry to schooling and well-being care hinder participants of society from reaping benefits both from the expansion procedure. assisting to lessen those disparities is an immense aim on this planet Bank's efforts to help consumer international locations achieve poverty relief and enhance their dwelling criteria. This problem of inclusion―promoting equitable entry to the commercial and social merits of improvement despite nationality, race, or gender―is the major improvement problem today.

This annual record reports development within the implementation of the Bank's poverty aid procedure, updating the retrospective 1996 record, 'Poverty aid and the realm financial institution: growth and demanding situations within the 1990s'. the 1st bankruptcy summarizes the Bank's poverty relief procedure and highlights the fundamental components of a destiny paintings software on poverty. the second one bankruptcy describes the Bank's development in assisting poverty aid in the course of economic 1996 and 1997, with ideas for extra advancements within the Bank's efforts. The 3rd bankruptcy provides the most conclusions of labor undertaken in the past monetary years on fresh reviews with one portion of the Bank's poverty relief strategy―safety web courses.

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Additional resources for Poverty Reduction & the World Bank: Progress in Fiscal 1996 & 1997

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Several lessons can be drawn from this overview of country and program experience. Many countries have followed a poverty reduction strategy of universal subsidies, but such transfers have almost always proved to be fiscally unsustainable and highly inefficient in reaching the poor. Some degree of targeting is required. But targeting can raise the costs of administering the program to governments, the transactions costs to recipients, and incentive costs to the economy. Targeting may also reduce political support for the program.

Page vi Abbreviations and Acronyms ARPP Annual Report on Portfolio Performance of the World Bank CGAP Consultative Group to Assist the Poorest CAS Country assistance strategy CEPAL United Nations Economic Commision for Latin America and the Caribbean CFA Communauté financière africaine GDP Gross domestic product GNP Gross national product EAP East Asia and the Pacific ECA Europe and Central Asia EDI Economic Development Institute of the World Bank ERL Emergency recovery loan FSU Former Soviet Union IBRD International Bank for Reconstruction and Development (World Bank) IDA International Development Association LAC Latin America and the Caribbean LSMS Living Standards Measurement Study MENA Middle East and North Africa NGO Nongovernmental organization OECD Organization for Economic Co-operation and Development OED Operations Evaluation Department of the World Bank PA Poverty assessment PER Public expenditure reviews PHN Population, health, and nutrition PPA Participatory poverty assessment PPP Purchasing power parity PTI Program of targeted interventions RIL Rehabilitation import loan SAL Structural adjustment loan SAPRI Structural Adjustment Participatory Review Initiative SAS South Asia SECAL Sectoral adjustment loan SDA Social Dimensions of Adjustment SPA Special Program of Assistance SSA Sub-Saharan Africa UN United Nations UNDP United Nations Development Programme UNFPA United Nations Population Fund UNICEF United Nations Children's Fund WDR World Development Report Page vii Executive Summary Tremendous progress has been made in reducing poverty in the developing world.

Photo credits Front cover: Gathering lake salt in Ghana; Curt Carnemark, The World Bank Back cover: Constructing a rural road in Bangladesh; Thomas Sennett, The World Bank ISBN 0-8213-3801-3 Page iii Contents Acknowledgments v Abbreviations and Acronyms vi Executive Summary vii 1 The World Bank's Poverty Reduction Strategy and Future Directions 1 The World Bank's Objectives and Strategy 1 Future of Poverty Analysis, Strategy, and Action 3 Knowledge Management 4 Internal and External Training 4 External Partnerships 5 2 Progress in Fiscal 1996 and 1997 6 Poverty Assessments 6 Country Assistance Strategies 8 Poverty Impact of Bank Operations 11 Other Operational Activities in Fiscal 1996 and 1997 13 Regional Plans for Poverty Monitoring 15 3 Safety Net Programs: Lessons from Country Experience 20 The Role of Safety Net Programs 20 Selecting the Right Mix of Programs 20 Weighing Costs and Benefits 21 The Programs in Practice: Cross-Country Experience 22 Delivery and Organization of Safety Net Programs 27 Key Messages 28 Safety Net Programs Funded by the Bank in Fiscal 1996 and 1997 28 Notes 31 Annexes A Analytical Work on Poverty and Summaries of Completed Poverty Assessments, Fiscal 1996 and 1997 33 Poverty Assessments 33 Albania 41 Armenia 44 Azerbaijan 48 Belarus 51 Bolivia (update) 53 Congo, Rep.

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