Global: Anti-poverty policies 'failing the poorest'

More than 10 years on, global poverty reduction strategies introduced by multilateral organisations including the World Bank and International Monetary Fund (IMF), have failed to remove many of the poorest communities, especially minority and indigenous communities, out of poverty, Minority Rights Group International says. Poverty Reduction Strategy Papers (PRSPs) were initiated in 1999 by the IMF and World Bank to help low income and highly indebted countries to reduce their poverty levels. At the time, the move was widely supported by the UN and big donor countries. Currently, about 140 countries around the world are at some stage of a PRSP process, including implementing development projects based on the papers.