Public Information Notice: IMF Executive Board Reviews the Role of the Fund in Low-Income Countries Over the Medium Term, September 10, 2003

Fund Assistance for Countries Facing Exogenous Shocks, August 8, 2003

Debt Sustainability in Low-Income Countries-Towards a Forward-Looking Strategy, May 23, 2003

Role of the Fund in Low-Income Member Countries over the Medium Term—Issues Paper for Discussion

Prepared by the Staff of the Policy Development and Review Department

Approved by Timothy Geithner

July 21, 2003

Use the free Adobe Acrobat Reader to view the full text (246 kb pdf file)


  1. Introduction

  2. The Changing Environment for the Fund's Work with Low-Income Members

  3. Guiding Principles for the Fund's Work with Low-Income Members

  4. Implications for the Work of the Fund and other Development Partners

  5. The Modalities of Fund Engagement in Low-Income Countries
    1. Modes of Fund Engagement
    2. A Typology of Low-Income Members
    3. Are the Available Instruments Adequate?
    4. Selectivity and Evolution in the Program Relationship
  1. The Role of Fund Financing

  2. Issues for Discussion and Next Steps