[stop-imf] Kohler on streamlining IMF conditionality

[Robert Weissman]

Excerpt from Horst Kohler Press Conference, 4/27/01.

Full text at http://www.imf.org/external/np/tr/2001/tr010427.htm

-- 
Robert Weissman	<rob@essential.org>
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We are also engaged in a process of streamlining IMF conditionality,
particularly in the structural area. Structural change is
                      indispensable for sustained growth, but countries
cannot do everything at the same time. So, there is a need to set
priorities.
                      By paying attention to country's administrative
capacities, and by focusing on what is really critical for the
macroeconomic
                      objectives of programs, we will make conditionality
more effective. There has already been a reduction in the average number
                      of conditions in PRGF programs, and this is
strengthening country ownership and the political support needed for
sustained
                      implementation of reforms.

                      As you know, we have asked for public participation
in the debate on conditionality through the IMF's website. This is a
                      further example of the increased openness of the
Fund. Yet, another is the Independent Evaluation Office, which will begin
                      work under the leadership of Mr. Montek Singh
Ahluwalia, this August. This office will help to reinforce the culture at
the
                      Fund and enhance the transparency and accountability
of our work.