In 1999, in response to a number of critical pressures, the World Bank and International Monetary Fund (IMF) re-introduced poverty reduction as a major element of policy making, and Poverty Reduction Strategies were born. Since that time ActionAid offices have actively embraced the potential of these new spaces and processes for interaction in policy making - processes which had previously been closed This brief is drawn from a seven country review of ActionAid's engagement with World Bank/IMF policies, with particular focus on Poverty Reduction Strategies. The review itself analyses the extent to which AA was able to facilitate the participation and involvement of marginalized and vulnerable groups in the PRS debate, the impact this engagement has had on social, economic and political rights, pro-poor policy-making and budgetary allocation with the seven selected countries. This brief summerises the four major findings and eight recommendations and then goes on to ask what has changed in the content of PRSs. It also asks has the paradigm of the Washington consensus lifted, and goes on to summerise the experience of participation and process, key elements of PRSs but requiring immense effort by civil society organisations and other actors. Finally the brief looks at the question of country ownership of these processes.