Can IFAD pursue SWAps while maintaining a project-based approach?
How do these two fit together? Yes, absolutely. For one, SWAps do not address all economic issues facing rural poor people. Rural finance, for example, is typically outside the scope of SWAps. So even where IFAD is supporting a SWAp, as it is currently doing in Uganda and in the United Republic of Tanzania, it is also financing projects in other areas essential for rural poverty reduction. Secondly, SWAps need not be monolithic. They can provide a general framework for rural development, which is articulated through projects and programmes that meet clearly defined criteria. 10. What is the link between PRSPs and SWAps? Poverty reduction strategy papers (PRSPs) are national frameworks to articulate how a government will achieve the Millennium Development Goals. SWAps are one possible way that those poverty reduction efforts can be operationalized at the sectoral level.
