IMF publishes first review of programmes since financial crisis

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The International Monetary Fund published its first major review of its lending operations since the height of the global financial crisis on May 20.

The 2018 review of programme design and conditionality was written by IMF staff and its findings on the IMF’s lending were largely positive. The report found that three-quarters of IMF lending programmes had “achieved success or some success”.

But in their response to the report, the IMF’s board of directors did acknowledge that it had

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