Unless the IMF takes clear steps to ensure policy flexibility and Poverty and Social Impact Analysis (PSIA) as soon as possible, the much hailed poverty focus of the Poverty Reduction Growth Facility (PRGF) it continues to use will become largely discredited, says a paper from the European Network on Debt and Development (Eurodad). This paper shows that in the PRGF, the IMF continues to use the same rigid economic model and fails to recognise that different macroeconomic policy options exist.