IMF conditionality made public

16 February 2009

In early January the IMF finally made publicly available its full database of conditions included in IMF loans. The monitoring of fund arrangements (MONA) database contains the most comprehensive history of conditionality in IMF-supported programmes. Its publication was part of the IMF board response to Independent Evaluation Office criticisms of IMF structural conditionality (see Update 59). However, the MONA database only includes data from loans where the letter of intent has already been made public by country authorities. It excludes conditions included in secret side letters and conditions from programmes before 2002.