The main points of the critical IMF report on the loan to Macri

The main points of the critical IMF report on the loan to Macri

• Programs should be tailored to individual country circumstances, including political economy considerations, which could involve the use of unconventional measures, when standard macroeconomic policies are unlikely to deliver results.

• The analysis of the risks underlying the main assessments made when applying the Exceptional Access Framework should be clearly stated and communicated to the Board of Directors.

• Ownership, which should be understood in a broader social sense and should not prevent an honest assessment of possible policy options and better program outcomes.

• Effective external communication is essential to ensure proper buy-in at different levels and the anticipated catalytic effect. Finally, proper load sharing is necessary when establishing exceptional access agreements.

Source From: Ambito

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