Policy Papers

Annual reports on structural conditionality (ARSCs) are prepared in response to the Board-endorsed recommendations of the IMF Independent Evaluation Office (IEO) Evaluation of Structural Conditionality. The first ARSC was issued to the Board for information in July 2008. It covered Fund arrangements and Policy Support Instruments (PSIs) approved during 1995-2007 and reviews through April 2008. The first ARSC reported that the average numbers of structural conditions were unchanged versus the period prior to the IEO report, that there had been further progress in focusing structural conditionality toward areas of core Fund expertise, and that overall implementation had improved.