Review of Program Design and Conditionality: Initial Considerations

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

Volume/Issue: Volume 2026 Issue 027

Publication date: September 2026

ISBN: 9798229060516

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Topics covered in this book

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Inflation , Economics- Macroeconomics , Public Finance ,

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Summary

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.