Creating Policy Space - Responsive Design and Streamlined Conditionality in Recent Low-Income Country Programs

Publication Date:

September 9, 2009

Electronic Access:

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Summary:

An analysis of recent programs in low-income countries, covering countries with continuous program engagement with the IMF throughout the period 2007-09, shows that program design has been adapted to provide expanded policy space in response to the food and fuel price shocks of 2007-08 and to the global financial crisis that followed. The analysis also finds that structural conditionality in Fund-supported programs in low-income countries has become more streamlined, with a dominant focus on public sector resource management and accountability.

Series:

Policy Papers

Subject:

English

Publication Date:

September 9, 2009

Price:

Free

Format:

Paper

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