Draft PRSP placed before JS

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FE Report
Planning minister A K Khandkar on Tuesday placed the draft second poverty reduction strategy paper (PRSP) for 2009-11 before parliament for discussion about how it could help alleviate poverty and remove inequality from the society.
The PRSP will be finalised by December this year and it will expire in June, 2011 as the government will reintroduce the Five-year Plan from 2010-11 fiscal, the minister said.
The revised and amended PRSP-2 has been renamed as 'Steps towards Change: National Strategy for Accelerated Poverty Reduction II (FY: 2009-11)' and identified priority areas including stable macroeconomic position and reduction of inflation in the backdrop of global recession.
The other areas are taking effective steps against corruption, ensuring supply of sufficient power and energy, removing poverty and inequality and establishing good governance, the paper said.
A sound macroeconomic management for poverty-friendly growth and investment in priority and important areas are the main strategies to attain a society without inequality and poverty.
Required infrastructure, expansion of social safety net programme and development of human resource are the other strategies to reach the goals, the paper said.
Sustainability of the strategies will depend on promoting public-private partnership, specifying the proper roles of public and private sectors and providing stimulus package to offset the damage of the global recession.
The total expenditure to implement PRSP II is estimated at Tk 3,750.86 billion and out of the estimated cost Tk 2,590.40 billion will be mobilised from domestic resources.