Publication

This paper explores options for the role of the IMF in well-performing, low-income countries that no longer require IMF financing. The paper argues that in these countries the IMF should use more non-funded programs and it should play a much less dominant role in overall conditionality. The author suggests that the Fund should continue to be engaged in helping countries maintain an appropriate macroeconomic framework and provide public ratings on macroeconomic policy, ideally fully incorporated into the World Bank’s CPIA rating system.