conditionality

listen to the pronunciation of conditionality
Englisch - Türkisch
Şartlılık, koşulluluk
koşulluluk
Englisch - Englisch
A condition applied to the access of a government to credit facilities and other international financial assistance, especially from the IMF and the World Bank
A state of being subject to conditions
A term that refers to the policy of the International Monetary Fund, the World Bank, and some other international financial agencies to attach conditions to their loans and grants These conditions may require recipient countries to devalue their currencies, to lift controls on prices, to cut their budgets, and to reduce barriers to trade and capital flows Such conditions are often politically unpopular, may cause at least short-term economic pain, and are construed by critics as interference in the sovereignty of recipient countries
Economic policies that member countries intend to follow as a condition for the use of creditor resources These are often expressed as performance criteria such as monetary and budgetary targets, but often include policies such as privatization, trade and price liberalization and fiscal austerity [TOP]
Rule of the International Monetary Fund that a member's right to the use of credit tranches and credit facilities will be conditioned on its progress in regularizing its balance-of-payments obligations and in developing sustained economic growth
The requirement that countries agree to implement certain economic policy reforms, as a condition of receiving financial assistance Also know as policy-based lending
The quality of being conditional, or limited; limitation by certain terms
{i} state of being not absolute, dependence on certain terms or conditions
the set of conditions that must be met before creditors disburse any loans Since the early 1980s, for example, the vast majority of IMF and World Bank loans have required recipient countries to commit to "fiscal austerity" measures which include: the privatization of state-owned enterprises, the removal of restrictions on foreign imports and investment, and the weakening of state through budget and programme cuts These requirements are know as structural adjustment conditions
The requirement imposed by the International Monetary Fund that a borrowing country undertake fiscal, monetary, and international commercial reforms as a condition to receiving a loan for balance of payments difficulties
the state of being conditional
Characteristic of IMF approach to lending to countries in debt or crisis; specifically, requiring policy changes and structural reform as condition for receiving funds (see IMF)
stipulations on loans to countries from the International Monetary Fund that certain policy prescriptions, such as price reforms or reducing government budget deficits, must be met to receive funds (chapter 19)
conditionality

    Silbentrennung

    con·di·tion·al·i·ty

    Türkische aussprache

    kındîşınälîti

    Aussprache

    /kənˌdəsʜəˈnalətē/ /kənˌdɪʃəˈnælɪtiː/
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