## Crisis Program Review

_Policy Papers, November 9, 2015_

## Source details

**Canonical URL:** [Crisis Program Review](https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/crisis-program-review-pp5010)

## Other formats

- [Markdown version](/en/publications/policy-papers/issues/2016/12/31/crisis-program-review-pp5010/index.md)
- [Structured JSON version](/en/publications/policy-papers/issues/2016/12/31/crisis-program-review-pp5010/index.json)
- [Bundle manifest](/en/publications/policy-papers/issues/2016/12/31/crisis-program-review-pp5010/bundle-manifest.json)

## Bibliographic details
- Published: November 9, 2015
- Series: Policy Papers
- Stock No: ISBN

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### Summary
- This paper provides an updated review of Fund-supported programs undertaken during the global financial crisis.
- It follows a series of previous reviews during 2009–12 that assessed program design and outcomes during the surge in Fund supported programs since 2008.
- The review covers experience during 2008–15 for 32 arrangements financed from the Fund's general resources account (GRA).
- It covers 27 countries for which arrangements were approved during September 2008–June 2013, with two years or more of program performance.
- Publication date: November 9, 2015.
- Format available: Download PDF.

### Scope and themes covered
- Coverage period: 2008–15.
- Number of arrangements examined: 32.
- Number of countries examined: 27.
- Approval window for included arrangements: September 2008–June 2013.
- Minimum program performance horizon for inclusion: two years or more.
- Subject areas listed: Debt restructuring; Exchange rate adjustments; Exchange rate policy; Fiscal consolidation; Fiscal policy; Fiscal reforms; Fund arrangements; Fund-supported adjustment programs; Global Financial Crisis 2008-2009; Monetary policy; Monetary unions; Private sector; Public debt.

### Purpose and positioning
- Purpose: To update previous IMF reviews of program design and outcomes for Fund-supported programs initiated during the global financial crisis.
- Relationship to prior work: Continues the series of reviews conducted during 2009–12 that assessed program design and outcomes amid the surge in Fund-supported programs since 2008.

_“Crisis Program Review, (USA: International Monetary Fund, 0) accessed 9/18/2026”_

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## Content in this bundle

- **IMF Policy Paper: Crisis Program Review, November 9, 2015**
  - [IMF Policy Paper: Crisis Program Review, November 9, 2015 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/np/pp/eng/2015/_110915.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF Policy Paper: Crisis Program Review, November 9, 2015 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/np/pp/eng/2015/_110915.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/crisis-program-review-pp5010_