The
concept of conditionality is vital to understanding the debt issue.
In order for a country to receive debt relief it must satisfy certain
conditions set by the World Bank and International Monetary Fund.
These conditions are largely economic and are determined by what
the World Bank and IMF see as conducive to a healthy economy. However,
evidence has shown over and over again that these conditions have
actually exasperated poverty rather than reduced it.
After considerable pressure
from campaigns across the world and a series of high profile financial
disasters, the World Bank and IMF changed policies and, at least
on the surface, began to work with poor countries in creating a
more partnership led approach to conditionality. However, studies
have shown little difference to this new approach compared with
the dreaded Structural Adjustment Policies of the 1980’s.
Recent Reports on
Conditionality
DFID
Partnerships for Poverty Reduction: Rethinking Conditionality 2005
Mission
Creep, Mission Push and Discretion in Sociological Perspective:
The Case of IMF Conditionality*
IMF
Conditionality Factsheet
The
World Bank policy scorecard:The new conditionality?
Indispensable
or unworkable? The IMF’s new approach to conditionality
THE
REVIEW OF WORLD BANK CONDITIONALITY,STATEMENT BY THE RT HON HILARY
BENN, SECRETARY OF STATEFOR INTERNATIONAL DEVELOPMENT
DRAFT
ISSUES PAPER FOR AN EVALUATION OF STRUCTURAL CONDITIONALITY IN IMF-SUPPORTED
PROGRAMS
Review
of World Bank Conditionality
NGOs
respond to UK paper on conditionality
Analysis
of IMF 2004- 2005 Conditionality Review 23/05/2005
The IMF has recently completed a
2004 -2005 review of its conditionality.
Below is a critical analysis of the key findings of the review and
where possible
a summary of the IMF’s Board of Directors response to the
review is also included.
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