WHAT IS CONDITIONALITY?
Examine the role of conditionality in IMF financing programs– the levels of conditionality, provisions of adjustment programs, along with typical IMF financing preconditions and performance criteria.
HISTORY, ROLE, AND OBJECTIVES
Learn about the history of conditionality and the IMF’s early emphasis on demand-management tools in contrast to its more recent integration of supply-side policies.
The IMF determines the ability of its member recipients to repay loans and the appropriate conditions to encourage repayment. Examine the outworking of conditionality.
Read about recent IMF conditionality experiences, and the subsequent debate as to its effectiveness.