Fund Conditionality: Evolution of Principles and Practices

Manuel Guitián

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International Development and Aid Global Financial Crisis and Policies Economic, financial, and policy analysis

Abstract

This paper examines the principles and practices of conditionality as they have evolved and as they are currently applied. The paper discusses the rationale of the concept of conditionality and brings out its theoretical underpinnings as well as its economic policy implications. The paper traces the practices for conditionality’s implementation that have been developed in the IMF over more than three decades to assist members in adjusting to an increasingly difficult and complex environment. The paper also discusses a series of issues that have arisen in the context of the application of conditionality.

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1980Exchange Rates and the Current Account.19572. Monetary Analysis of Income Formation and Payments Problems

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2003International Law from Below 2009International Law from Below: Development, Social Movements and Third World Resistance 2003Money Talks: Supplementary Financiers and International Monetary Fund Conditionality 1989The international monetary fund and the developing countries: A critical evaluation 1983Determinants of Current Account Balances of Non-Oil Developing Countries in the 1970s: An Empirical Analysis (Analyse empirique des facteurs determinant le solde des transactions courantes des pays en developpement non petroliers dans les annees 70) (Determinantes de las balanzas en cuenta corriente de los paises en desarrollo no petroleros en los anos setenta: Analisis empirico)1990Adjustment with growth 1988Assessing the impact of interest rates in less developed countries 1983Strengthening the Soft International Law of Exchange Arrangements

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