2026 Review of Program Design and Conditionality

Author: International Monetary Fund. Strategy, Policy, and & Review Department

Volume/Issue: Volume 2026 Issue 031

Publication date: September 2026

ISBN: 9798229061162

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Topics covered in this book

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Exports and Imports , Economics- Macroeconomics , Money and Monetary Policy ,

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Summary

This paper presents the findings and recommendations of the 2026 Review of Program Design and Conditionality. It assesses the performance of IMF-supported programs during 2018–24 and proposes targeted reforms to strengthen program design and implementation in a more uncertain and shock-prone global environment. Following its endorsement by the IMF Executive Board, it sets out the policy changes that will be implemented by IMF staff.