M4P Synthesis Paper
This document explains the essence of the M4P approach – its rationale, including evidence of impact, and key features in implementation. Combined with the related documents M4P Perspectives and M4P Operational Guide, these resources are intended to provide a comprehensive perspective on the benefits, potential impact, and implementation strategies of Making Markets Work for the Poor and are aimed at agency and government officials, consultants, researchers and practitioners.
Making Markets Work for the Poor (M4P) is an approach to poverty reduction that donors such as the Department for International Development (DFID) and the Swiss Agency for Development and Cooperation (SDC) have been supporting over the past few years.The central idea is that the poor are dependent on market systems for their livelihoods. Therefore changing those market systems to work more effectively and sustainably for the poor will improve their livelihoods and consequently reduce poverty. More accessible and competitive markets enable poor people to find their own way out of poverty by providing more real choices and opportunities.