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A conditionality in international development is a condition attached to a loan or to debt relief, typically by the International Monetary Fund or World Bank. Conditionalities may involve relatively uncontroversial requirements to enhance aid effectiveness, such as anti-corruption measures, but they may involve highly controversial ones, such as the privatization of key public services, which may provoke strong political opposition in the recipient country. The goal of international development is to alleviate poverty among citizens of developing countries. ...
Debt relief is the partial or total forgiveness of debt, or the slowing or stopping of debt growth, owed by individuals, corporations, or nations. ...
The flag of the International Monetary Fund (IMF) The International Monetary Fund (IMF) is the international organization entrusted with overseeing the global financial system by monitoring foreign exchange rates and balance of payments, as well as offering technical and financial assistance when asked. ...
Logo of the World Bank The International Bank for Reconstruction and Development (IBRD, in Romance languages: BIRD), better known as the World Bank, is an international organization whose original mission was to finance the reconstruction of nations devastated by WWII. Now, its mission has expanded to fight poverty by means...
Aid effectiveness refers to the effectiveness of development aid in achieving economic development. ...
Privatization (sometimes privatisation, denationalization, or, especially in India, disinvestment) is the process of transferring property, from public ownership to private ownership and/or transferring the management of a service or activity from the government to the private sector. ...
Public services is a term usually used to mean services provided by government to its citizens, either directly (through the public sector) or by financing private provision of services. ...
See Also
Structural adjustment is a term used by the International Monetary Fund (IMF) for the changes it recommends for developing countries. ...
The flag of the International Monetary Fund (IMF) The International Monetary Fund (IMF) is the international organization entrusted with overseeing global financial system‘s current trade account balances of member states. ...
Logo of the World Bank The International Bank for Reconstruction and Development (IBRD, in Romance languages: BIRD), better known as the World Bank, is an international organization whose original mission was to finance the reconstruction of nations devastated by WWII. Now, its mission has expanded to fight poverty by means...
The Heavily Indebted Poor Countries (HIPC) initiative aims at assisting the worlds poorest countries by bringing their external debt to sustainable levels, conditional on their governments showing satisfactory performance levels. ...
References Axel Dreher (2002). The Development and Implementation of IMF and World Bank Conditionality. HWWA. ISSN 16164814.
External links - Conditionality in IMF-supported programs - overview [1]
- David Hall and Robin de la Motte, Dogmatic Development: Privatisation and conditionalities in six countries, War on Want [2]
- "The Future of Aid Conditionality", Globalization Institute [3]
- Big Picture TV Free video clip of Martin Khor (Director, Third World Network) speaking about structural adjustment
- ActionAid, April 2004, "Money talks: How aid conditions continue to drive utility privatisation in poor countries"
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