There exists a large body of evidence documenting an unsatisfactory record of implementation of IMF conditionality by borrowing countries. 1 A large proportion of IMF programmes are not successfully completed, with non-completion being not an indicator of graduation from the Fund but rather one of future referrals (or recidivism). 2 Specifically, the IMF has recently come under criticism for allowing some countries to establish long-term relationships, while, according to its original mandate, the Fund can only guarantee temporary assistance. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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