Conditionality is at the very heart of IMF lending and has been the subject of intense debates ever since the Fund's inception. Its success is of crucial importance not only for countries' chances of achieving the goals of IMF lending programmes, but also for the credibility of the Fund as a...

Conditionality is at the very heart of IMF lending and has been the subject of intense debates ever since the Fund’s inception. Its success is of crucial importance not only for countries’ chances of achieving the goals of IMF lending programmes, but also for the credibility of the Fund as a...

Spanish abstract En los programas de préstamo del Fondo Monetario Internacional (FMI o Fondo) a países miembros con dificultades de desequilibrio exterior, el acceso a la financiación queda condicionado al cumplimiento de una serie de medidas y reformas, contenidas en un programa económico,...

Since the global financial crisis, the Global Financial Safety Net (GFSN), traditionally consisting mainly of countries' own foreign exchange reserves with the International Monetary Fund (IMF) acting as a backstop, has expanded significantly with the continued accumulation of reserves, the...

Since the global financial crisis, the Global Financial Safety Net (GFSN), traditionally consisting mainly of countries' own foreign exchange reserves with the International Monetary Fund (IMF) acting as a backstop, has expanded significantly with the continued accumulation of reserves, the...