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...

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, que el país...

This document provides a preliminary assessment of the Resilience and Sustainability Trust (RST) based on the experience gained since its launch in October 2022 until the end of September 2023. Among other aspects, the paper analyses the main characteristics of the RST, its resources and the...

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...

Artículo de revista

Artículo de revista

Artículo de revista

Artículo de revista