This brief seeks to provide an overview of the development of the Poverty Reduction Strategy (PRS) in Sri Lanka. It reviews its chronology, its process, the documents arising from the process, priority areas identified, monitoring and evaluation mechanisms, its current status and the challenges faced. It provides a review of the two documents evolving directly out of the PRS process, namely the Poverty Reduction Strategy and Regaining Sri Lanka (RSL). In addition, it highlights the National Framework for Relief, Rehabilitation and Reconciliation (Triple-R), which, while not part of the PRS, was an important outcome of the consultative process that took place parallel to the PRS.