## Review of the 2002 Conditionality Guidelines

_Policy Papers, September 7, 2005_

## Source details

**Canonical URL:** [Review of the 2002 Conditionality Guidelines](https://www.imf.org/en/publications/miscellaneous-publication-other/issues/2016/12/31/review-of-the-2002-conditionality-guidelines-18519)

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## Bibliographic details
- Authors: Tubagus Feridhanusetyawan, Alun H. Thomas, Tessa Van der Willigen, Uma Ramakrishnan, S. Reichold, Juan Zalduendo, James P Walsh
- Published: September 7, 2005
- Series: Policy Papers
- DOI: https://doi.org/10.5089/9781589064911.007

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### Overview
- The paper examines the expansion of the 2004–2005 conditionality review to include a review of the application of the Guidelines on Conditionality adopted in 2002.
- The 2002 Guidelines were the first revision of the IMF’s conditionality guidelines since 1979 and were developed after seeking input from civil society and public forums held in several countries.
- The Guidelines aimed to enhance the effectiveness of IMF-supported programs.

### Key findings and limitations
- The review is conducted at an early stage of experience with the 2002 Guidelines; further evidence is needed before definite conclusions can be drawn.
- The ultimate test of conditionality is whether it contributes to better economic outcomes, including over the medium term; such outcomes cannot yet be gauged.
- The review draws in part on case studies, but:
  - No substitute exists for cross-country analysis to identify broad trends.
  - Cross-country analysis is currently hampered by small sample sizes.

### Subjects and keywords highlighted in the paper
- Subjects: Balance of payments, Balance of payments need, Banking, Civil society, Economic sectors, Financial sector, Public enterprises, Taxes, Value-added tax
- Keywords: appropriateness of the guideline; Balance of payments need; Civil society; conditionality guideline; conditionality review; core area; extent of recent change; Financial sector; Fund arrangement; Fund-supported program; MISC PUBS; Misc.; Public enterprises; staff statement; Value-added tax; waiver policy; way conditionality

### Implications for assessment and future work
- Additional evidence and longer-term outcomes are required to assess whether conditionality, as shaped by the 2002 Guidelines, improves economic performance.
- Broader cross-country analysis with larger samples is necessary to identify broad trends in the application and effectiveness of the Guidelines.

*Review of the 2002 Conditionality Guidelines, Policy Papers 2005, 092 (2005), by Tubagus Feridhanusetyawan, Alun H. Thomas, Tessa Van der Willigen, Uma Ramakrishnan, S. Reichold, Juan Zalduendo, James P Walsh.*

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_Source: https://www.imf.org/en/publications/miscellaneous-publication-other/issues/2016/12/31/review-of-the-2002-conditionality-guidelines-18519_