Explain the IMF's "conditionality" requirement

What will be an ideal response?


The use of IMF's resources is limited by the policies set out in the Articles of Agreement and the policies adopted under them. This requirement is known as IMF conditionality. The essence of conditionality is that access to the IMF's credit tranches and other credit facilities is linked to a member's progress in implementing policies to restore balance-of-payments viability and sustainable economic growth. It is based not on a rigid set of operational rules but on a general set of guidelines. The guidelines that the Executive Board adopted in 2002 provide four guiding principles: national ownership of the reform program, parsimony and clarity in the application of program-related conditions, tailoring of programs to the member's circumstances, and effective coordination between the IMF and other multilateral institutions.

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a. Theft acts. b. Concealment possibilities. c. Conversion possibilities. d. Key internal controls.

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The production scheduling process in the manufacturing cycle is similar to the

A) order receiving process in the replenishment cycle. B) order fulfillment process in the replenishment cycle. C) order entry process in the replenishment cycle. D) order trigger process in the replenishment cycle.

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a. true b. false

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