2011 Review of Conditionality - Overview Paper
Policy Papers, June 19, 2012
Source details
- Canonical URL
- 2011 Review of Conditionality - Overview Paper
Other formats
Bibliographic details
- Published: June 19, 2012
- Series: Policy Papers
Executive summary
- The review generally yields positive findings on conditionality and design in Fund-supported programs.
- Programs in the review period internalized lessons from the past, for example with program design incorporating the lessons of the Asian crisis.
- The approach to conditionality was modified to take into account the recommendations made in the 2007 report on structural conditionality by the Fund’s Independent Evaluation Office (IEO).
- Box 1 (in the source) summarizes recommendations from the previous Review of Conditionality and follow-up.
- These findings hold for the substantial majority of programs supported under both the Fund’s General Resources Account and the Poverty Reduction and Growth Trust (hereafter GRA programs and PRGT programs, respectively).
Subjects and scope
- Conditionality
- Conditionality guidelines
- Fund-supported adjustment programs
- General Resources Account
- Poverty Reduction and Growth Trust
- Surveillance
- Transparency
Notable contextual points
- The review evaluates both GRA programs and PRGT programs and reports that the substantial majority of programs reflect the positive findings.
- The review explicitly links program design improvements to lessons from the Asian crisis and to the IEO 2007 recommendations on structural conditionality.
International Monetary Fund — 2011 Review of Conditionality - Overview Paper (June 19, 2012).