Reforming IMF Conditionality
AbstractAs it has for many years, International Monetary Fund conditionality is currently receiving much attention in the context of the global financial crisis. At the beginning of the 2000s the Fund introduced a policy of â€˜streamliningâ€™ intended to reduce the amount of conditionality and refocus it, with a view to increasing country ownership and improving programme implementation. This article uses the results of a report by the IMFâ€™s Independent Evaluation Office into structural conditionality to assess the extent to which the initiative delivered on its promises. More significant seem to be the recent changes associated with the global crisis. The article discusses the evolution of conditionality, and assesses the current situation and the prospects for the future.
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Bibliographic InfoArticle provided by World Economics, Economic & Financial Publishing, PO Box 69, Henley-on-Thames, Oxfordshire, United Kingdom, RG9 1GB in its journal World Economics Journal.
Volume (Year): 10 (2009)
Issue (Month): 3 (July)
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- Graham Bird & Alex Mandilaras, 2009.
"Once Bitten: The Effect of IMF Programs on Subsequent Reserve Behaviour,"
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0509, School of Economics, University of Surrey.
- Graham Bird & Alex Mandilaras, 2011. "Once Bitten: The Effect of IMF Programs on Subsequent Reserve Behavior," Review of Development Economics, Wiley Blackwell, vol. 15(2), pages 264-278, 05.
- Hannes Öhler & Peter Nunnenkamp & Axel Dreher, 2011.
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- Öhler, Hannes & Nunnenkamp, Peter & Dreher, Axel, 2010. "Does conditionality work? A test for an innovative US aid scheme," Center for European, Governance and Economic Development Research Discussion Papers 103, University of Goettingen, Department of Economics.
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- Hannes Öhler & Peter Nunnenkamp & Axel Dreher, 2010. "Does Conditionality Work? A Test for an Innovative US Aid Scheme," Kiel Working Papers 1630, Kiel Institute for the World Economy.
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