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Country ownership of reform programmes and the implications for conditionality

By:

Johnson, Omotunde E. G

Material type: Text

TextPublication details: UN New YorkUS 2005Description: [5], 21 pAction note:

5/24/05 JOYD

Summary: Argues that if the policies voluntarily adopted by a country were sound and if those policies are expected to be fully implemented and sustained - barring certain unforeseen exogenous developments - then traditional (policy-based) conditionality is not necessary for timely repayment of the money borrowed from the IMF, the World Bank, or any other creditor.

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Argues that if the policies voluntarily adopted by a country were sound and if those policies are expected to be fully implemented and sustained - barring certain unforeseen exogenous developments - then traditional (policy-based) conditionality is not necessary for timely repayment of the money borrowed from the IMF, the World Bank, or any other creditor.

5/24/05 JOYD

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