1、1 “IMF Conditionality” Press Briefing by Masood Ahmed, Deputy Director, IMF PolicyDevelopment and Review Department, March 21, 2001. Congressional Research Service The Library of CongressCRS Report for CongressReceived through the CRS WebOrder Code RS21357November 19, 2002New IMF Conditionality Guid
2、elinesMartin A. WeissAnalyst in International Trade and FinanceForeign Affairs, Defense, and Trade DivisionSummaryThe International Monetary Fund (IMF) recently revised the guidelines for thedesign of conditionality in its loans. Conditionality requires a borrower country toadhere to various macroec
3、onomic and other policy “conditions” when it borrows fundsfrom the IMF. It is an inherent feature of all IMF lending. Four guiding principles areat the core of the revised IMF guidelines: national ownership of the reform program,parsimony and clarity in the application of program-related conditions,
4、 tailoring ofprograms to the members circumstances, and effective coordination between the IMFand other multilateral institutions. This report provides background on the issues,summarizes the principles underlying the new guidelines, discuses the criticisms theyrespond to, and assesses their likely
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