{
  "title": "Review of Program Design and Conditionality: Initial Considerations",
  "publication": "Policy Papers, September 24, 2026",
  "sourceUrl": "https://www.imf.org/en/publications/policy-papers/issues/2026/09/10/review-of-program-design-and-conditionality-initial-considerations-579523",
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  "summary": "This paper provides the diagnostic foundation for the 2026 Review of Program Design and Conditionality. Drawing on extensive empirical analysis and program experience, it assesses how IMF-supported programs performed during 2018–24, identifies key strengths and areas for further work in program design and conditionality, and highlights the reform areas subsequently developed in the Reform Proposals paper.",
  "publishDate": "2026-09-24",
  "series": "Policy Papers",
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      "heading": "Overview",
      "content": "- Paper provides the diagnostic foundation for the 2026 Review of Program Design and Conditionality.\n- Draws on extensive empirical analysis and program experience.\n- Assesses how IMF-supported programs performed during 2018–24.\n- Identifies key strengths and areas for further work in program design and conditionality.\n- Highlights the reform areas subsequently developed in the Reform Proposals paper."
    },
    {
      "heading": "Major findings (high-level)",
      "content": "- Assessment period: 2018–24.\n- Emphasis on empirical analysis and program experience informing conclusions.\n- Identifies both strengths in program design and specific areas requiring further work (areas not detailed on this page)."
    },
    {
      "heading": "Subjects covered",
      "content": "- COVID-19\n- Exchange rate arrangements\n- Exchange rates\n- Foreign exchange\n- Health\n- Inflation\n- Prices\n- Public debt\n- Real effective exchange rates\n\n---\n\n Content in this bundle\n\n- Policy Paper\n  - Policy Paper (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Policy Paper (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/policy-papers/issues/2026/09/10/review-of-program-design-and-conditionality-initial-considerations-579523"
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    "Published: September 24, 2026",
    "Series: Policy Papers",
    "Volume: 2026",
    "Issue: 027",
    "Pages: 52",
    "DOI: https://doi.org/10.5089/9798229060516.007",
    "Stock No: PPEA2026027",
    "ISBN: 97982",
    "Paper provides the diagnostic foundation for the 2026 Review of Program Design and Conditionality.",
    "Draws on extensive empirical analysis and program experience.",
    "Assesses how IMF-supported programs performed during 2018–24.",
    "Identifies key strengths and areas for further work in program design and conditionality.",
    "Highlights the reform areas subsequently developed in the Reform Proposals paper.",
    "Assessment period: 2018–24.",
    "Emphasis on empirical analysis and program experience informing conclusions.",
    "Identifies both strengths in program design and specific areas requiring further work (areas not detailed on this page).",
    "COVID-19",
    "Exchange rate arrangements",
    "Exchange rates",
    "Foreign exchange",
    "Health",
    "Inflation",
    "Prices",
    "Public debt",
    "Real effective exchange rates",
    "**Policy Paper**"
  ],
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