Abstract

The IMF provides financial support to member countries under a variety of policies and lending instruments (“facilities” see Table 4.1). Most forms of IMF financing are made conditional on the recipient country’s adopting policy reforms to correct the underlying problems that gave rise to the request for support. During FY2002, the Executive Board continued the review of conditionality it had begun the previous year, working to focus and streamline the conditions attached to IMF financing and to enhance country ownership of reforms.