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International Monetary Fund

Abstract

The Poverty Reduction Strategy Paper (PRSP) approach has been broadly accepted as the operational framework for bringing together national policies and development assistance in support of low-income countries’ efforts to meet the Millennium Development Goals. The IMF, the World Bank, and other multilateral and bilateral development agencies are now committed to using the PRSP operational framework to support low-income countries; and the IMF is aligning the content and process of its operations to reflect this commitment.