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If poor countries are to reach the Millennium Development Goals (MDGs), it is vital to learn the lessons from the first round of Poverty Reduction Strategy Papers (PRSPs). Despite opening some new space for dialogue, Oxfam and partners feel that PRSPs have been disappointing both in terms of process and content. Oxfam welcomes the review of the PRSP process by the Independent Evaluation Office (IEO) and the Operations Evaluation Department (OED). We look forward to clear and hard hitting recommendations for the IMF and the World Bank as we move towards the second round of PRSPs.

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