Review of Program Design and Conditionality — Reform Proposals — Background Paper

Policy Papers, September 24, 2026

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Canonical URL: Review of Program Design and Conditionality — Reform Proposals — Background Paper

Publication title: Review of Program Design and Conditionality — Reform Proposals — Background Paper
Date: September 24, 2026
Core purpose: Provides the analytical foundation for the reform proposals discussed in the 2026 Review of Program Design and Conditionality.
Methodology overview: Draws on empirical analysis, case studies, and broad stakeholder feedback to examine key issues in program design and conditionality and to assess options for strengthening the effectiveness and resilience of IMF-supported programs.

Empirical analysis underpinning reform proposals.
Case studies used to illustrate program design and conditionality challenges and responses.
Broad stakeholder feedback informing assessment of options for program effectiveness and resilience.

The paper examines key issues in program design and conditionality across multiple domains relevant to IMF-supported programs.
It assesses options for strengthening:
- Effectiveness of IMF-supported programs.
- Resilience of programs to economic shocks and evolving country circumstances.
Emphasis on integrating contingency planning and tailored conditionality within program frameworks.

Strengthen contingency planning in program design to enhance resilience.
Refine fiscal consolidation strategies where applicable to country circumstances.
Calibrate monetary policy advice and nominal anchors to support program objectives.
Enhance revenue administration measures as part of program conditionality to improve fiscal sustainability.
Use empirical analysis and case-study evidence to guide conditionality choices and implementation modalities.