In this paper we analyze whether IMF conditionality is exclusively designed in line with observable economic indicators … these empirical results speak to the current debate on IMF conditionality and contribute to the broader literature on the …

Donors who try to impose policy conditionality on countries receiving their aid commonly face conflicting incentives … a time-consistency problem.This paper offers a contractual analysis of conditionality, showing how conditionality … contracts are affected by conflicting donor incentives in the presence of limited commitment power. Conditionality is shown to …

The paper presents a detailed description of IMF and World Bank conditionality and tries to explain changes in this … conditionality over time as well as differences between the two institutions. Using panel data it is shown that the number of Fund … World Bank conditionality as well as interruptions of IMF programs in the recipient countries. Compliance with World Bank …

disbursed under its programs, and its conditionality. This paper tries to separate those effects empirically. Using panel data … endogeneity is accounted for. There is also evidence that compliance with conditionality mitigates this negative effect, while the …