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Documents de travail du Centre de développement de l'OCDE

Le Centre de développement de l’OCDE tisse des liens entre les pays membres de l’OCDE et les économies émergentes et en développement. Il encourage le dialogue entre eux, afin d’élaborer des solutions novatrices aux enjeux mondiaux en gestation et aux défis du développement. Cette série de documents de travail a pour but de diffuser rapidement auprès des spécialistes les résultats des travaux de recherche du Centre de développement. Ces documents existent en général uniquement en version originale – anglais ou français – avec un résumé dans l’autre langue.

English, French

The Changing Nature of IMF Conditionality

In the terminology of the International Monetary Fund, "conditionality" refers to the policies the Fund expects a member to follow in order to be able to avail itself of credit from the Fund (Gold, 1979). Over the years, major changes in the landscape surrounding the Fund and in the situation of its members have brought about important changes in the content of conditionality. These changes have been most pronounced in the 1980s, and they have led to a gradual, but cumulatively fundamental, change in the Fund's relations with its borrowing members over the past decade — with further changes likely in the 1990s.

1.1 The impact of changing economic conditions

One major change affecting the Fund's conditionality has been the narrowing down of the Fund's clientele to its developing members. The Fund had been conceived as an institution to which any of its members could be expected to turn for temporary financing when faced with balance-of-payments difficulties. The main ...

English

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