External Comments and Contributions on IMF Conditionality
نویسندگان
چکیده
The IMF pretty much argues that all is well with the conditionally contained in the programs it supports and sees no reason to change it. The recent report by the International Financial Institution Advisory Commission in stark contrast argues that conditionality doesnt work and should be abandoned. Which of them is right? The answer is neither of them. Undoubtedly, IMF conditionality has its shortcomings. But careful analysis of these allows us to draw some conclusions about how it should be reformed. Conditionality should be retained but it needs to be redesigned and redirected.
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