Review of Program Design and Conditionality: Initial Considerations

International Monetary Fund

No 2026/027, IMF Policy Papers from International Monetary Fund

Abstract: This paper provides the diagnostic foundation for the 2026 Review of Program Design and Conditionality. Drawing on extensive empirical analysis and program experience, it assesses how IMF-supported programs performed during 2018–24, identifies key strengths and areas for further work in program design and conditionality, and highlights the reform areas subsequently developed in the Reform Proposals paper.

Keywords: Review of Program Design and Conditionality; ROC 2026; IMF-supported programs; Program design; IMF conditionality; Balance of payments; External stability; Economic adjustment; Structural reforms; Macroeconomic stability (search for similar items in EconPapers)
Pages: 52
Date: 2026-09-24
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