Review of Program Design and Conditionality: Reform Proposals

International Monetary Fund

No 2026/029, IMF Policy Papers from International Monetary Fund

Abstract: Building on the review’s diagnostic work and initial Board guidance, this paper presents proposals to better calibrate IMF-supported programs in a more uncertain and shock-prone world. It discusses reform options to improve program design, strengthen resilience to risks, enhance the catalytic role of Fund financing, and promote the durable resolution of balance of payments problems.

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: 51
Date: 2026-09-24
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