US EditionThe IMF’s 2025 Conditionality Review: a test of reform or repeat?
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The IMF’s 2025 Conditionality Review: a test of reform or repeat?
In a period of rising global instability, increased geopolitical tensions and a worsening climate emergency, the International Monetary Fund (IMF) is conducting an extensive Program Design and Conditionality Review, aiming to measure the effectiveness and adaptability of IMF programmes. The Fund’s last conditionality review – conducted in 2018 – exposed the IMF’s persistent failure to learn from past mistakes. While the 2018 review claimed that …
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