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IMF conditionality, implementation and the new political economy of ownership


INTRODUCTION

For a drawn out time, the conditionality of the International Monetary capital has been criticised by those upon the left of the political image for being too harsh and invasive. More newly it has also come below attack from some on the right who claim that conditions are seldom enforced. Thus, rather than imposing excessive adjustment, IMF programmes are seen by the agency of them as postponing adjustment. (1) Academic commentators pointed to the escalation in IMF conditionality during the 1980 and early 1990 and give an inkling ofed that this may have discouraged rules from implementing programmes (Bird, 2001b) Certainly, a number of studies, including


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