Poverty Reduction Strategy in Honduras

In Honduras, a Strategy for the Reduction of the Poverty (SRP) was approved on August 20, 2001. The goal was to significantly reduce the poverty rate from 70% to 40% by year 2015. SRP was a continuation of the Master Plan of the Reconstruction and National Transformation.

SRP made an annual investment of 4.4 million lempiras (Honduras currency) which was distributed in roughly 300 million lempiras allotments to each of 18 departments in Honduras. These funds supported various projects designed to benefit different communities and society in general. These resources were made available thanks to the transparency of the project, and the website of the SRP for the supervision fiscalisation by all the civil society.

History

In 1999, 66 out of every 100 Honduran inhabitants were poor. It was expected that investing $2.6 million US would reduce poverty by 42%. . The Poverty Reduction Strategy Paper (2001-2015) was developed within a broad framework of participation by Honduran civil society, achieving in this way a sense of ownership that is instrumental to its long-term sustainability. This participatory process took place between January 2000 and May 2001, with the direct participation of 3,500 representatives from civil-society organizations. In many cases, participants brought with them mandates based on grassroots consultations carried out by their organizations with their members.

Strategies

SRP covers the following areas:

Education & Literacy: The SRP's aim was that 70% of Honduran children would complete at least their third year of secondary education by 2015.

Diet & Nutrition:

Communication:

Quality of Life:

Finance

The strategy to reduce poverty consisted of an investment of US $2,666 million (53 billion of Lempiras) distributed over 15 years. That is, four billion lempiras distributed annually, with roughly 300 million lempiras given to each department to help reduce poverty.

SRP's funding comes from the following sources:

An SRP Advisory board helped determine which projects aimed at poverty reduction would be funded. The following methodology was used to select the funded projects:

SRP supervisors are representatives from:

SRP Evolution and Critics

In 2011, SRP was criticized because the annual investment of 4 billion lempiras did not reduce poverty. In fact, poverty diminished less under SRP than it did in the 1990s, when there was no such program.

In 2011, poverty affected 60% of the population. In 2012, despite an injection of L 300 million annually to address this issue, poverty levels rose to 65%. Some believe SRP funds vanished and were never used on programs designed to aid the poor. Many people believe SRP was a failure.

Transparency

The SRP Web site provided access to all the financial contributions made to each department. But in 2010, the SRP website was shut down and since then, the population does not have access to the financial information.

See also

External links

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