crisis. It argues that IMF lending has met its counter-cyclical objectives through history and has been improving in terms of … providing adequate lending facilities as well as focusing conditionality on macro-relevant areas. In contrast, and despite the … spread of collective action clauses, much remains to be done in the area of debt restructuring. In this regard, it proposes a …

necessary, and the International Monetary Fund's (IMF) contribution could play an important role in promoting reforms. Indeed …, in IMF-supported programmes, the conditions for developing countries' transition to liberalization and open markets are … often common. In this paper, we address the question of whether periods of IMF conditionality contribute to the promotion of …

macroeconomic stability and growth. Second, the tools of macroeconomic policy-fiscal and monetary policy together with debt … deficit and debt ratios. This paper discusses these macroeconomic dimensions, focusing on the developing world. The paper …