IMF conditionality has been severely criticised by developing countries, who accuse the Fund of unjustly provoking political turmoil and causing poverty. This refers to the policies that a member country is required to follow in order to be able to use the Fund's resources. Conditionality is legally based on the requirement to adopt adequate safeguards' for the use of resources as stipulated by the IMF's Articles of Agreement.
This work focuses on legal implications and policy aspects and, more specifically, on the question of how far-reaching the requirement of adequate safeguards' may...