IMFbacked
IMFbacked refers to economies, policies, or programs that are supported by the International Monetary Fund through its financial loans, policy advice, and technical assistance. In practice, it denotes that a country’s stabilization efforts rely on IMF financing and the policy conditions attached to that support.
Programs described as IMFbacked typically involve conditional lending. The IMF provides financing in exchange for policy
The IMF’s role in an IMFbacked program includes providing resources and risk-sharing, offering policy guidance and
Implications of IMFbacked programs are mixed. Benefits can include improved access to financing, greater policy credibility,
The term is used across regions and historical periods where balance-of-payments pressures necessitated external financing. IMFbacked