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International Monetary Fund. External Relations Dept.

On March 21, Masood Ahmed, Deputy Director of the IMF’s Policy Development and Review Department, briefed the press on the organization’s work to streamline the conditions attached to the use of IMF resources (“conditionality”). At the behest of IMF Managing Director Horst Köhler, staff reviewed the experience with conditionality and sought ways to sharpen its focus and enhance country ownership ofprograms.