REVIEW OF ST.VINCENT AND THE GRENADINES

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REVIEW OF ST.VINCENT AND THE GRENADINES
INTERIM POVERTY REDUCTION STRATEGY

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BACKGROUND

• First Poverty Assessment conducted in 1996
• Main Findings
• 37.5 percent population poor
• 30.6 percent Households lived in poverty
• High level of unemployment estimated 30 percent
  among young male population
• High level of income inequality

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POLITICAL WILL

• --------the most effective way to take people
  out of poverty is to put them in a position where
  they can work and earn income for themselves.
  Accordingly, our government will first of all, at
  the macro-level, create the climate in order to
  achieve higher levels of sustainable growth.
• Additionally, we will make education and the
  empowerment of the family vital tools in the
  struggle against poverty.

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THE INTITUTIONAL BASE

• Establishment of the National Economic and Social
  Development Council (NESDC)
• Poverty Reduction Taskforce mandated to formulate
  IPRSP
• Participatory and Consultative process employed
• IPRSP completed in 2003

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Main Tenets of the PR Strategy

• Improve the Macro-economic environment
• Create enabling opportunities for investment
• Facilitate the development of Micro-enterprise
  through support for micro-credit/finance
  institutions
• Increase effectiveness and efficiency in social
  service delivery
• Special attention to HIV/AIDS
• Greater and better Investment in Human Capital

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Main Tenets Contd

• Rural Commercialization and Development
• Strengthen Natural Resource Management
• Strengthen Capacity for improved Data Collection,
  Generation and Analysis
• Special Support Programmes aimed at Job Creation
  Agricultural Diversification
• Tourism
• Good Governance

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Realizing the MDGs

• Eradicate Extreme Poverty and Hunger
• Country Poverty Assessment June 2005
• Monitoring Protocol
• North Windward Development Project
• SIF Targeting Strategy

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Realizing the MDGs

• Achieve Universal Primary Education
• 98 percent enrolment at Primary Level
• Well established Safety-nets
• School Feeding Program
• Book Loan Scheme
• Universal Access to Secondary Education y by end
  2005
• Literacy Crusade

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Realizing the MDGs

• Promote Gender Equality and Empowerment of Women
• Gender Policy
• Gender Mainstreaming

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Realizing the MDGs

• Reduce the impact of HIV/AIMDS
• 5 Year Strategic Plan for HIV/AIDS prevention
  and control
• US 8.75 Million
• Special attention to institutional framework
  National Aids Council (NAC), Country
  Coordinating Mechanism, NGO Network

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Special Interventions

• National Investment Promotion
• Social Investment Fund (SIF) operational
• Poverty Reduction Fund
• Special Entrepreneurial Development Project