01748cas a2200253 a 4500 AALejournalIMF001708 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451856255 1018-5941 BD-DhAAL BD-DhAAL Khan, Mohsin. IMF Conditionality and Country Ownership of Programs / Mohsin Khan, Sunil Sharma. Washington, D.C. : International Monetary Fund, 2001. 1 online resource (32 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The paper uses finance and agency theory to establish two main propositions: First, that the conditionality attached to adjustment programs supported by the IMF is justified. Second, that ownership of programs by the borrowing country is crucial for their success. Hence, since both IMF conditionality and country ownership are necessary, the task is one of designing conditionality to maximize program ownership, subject to providing adequate safeguards for IMF lending. The paper discusses some recent proposals for enhancing ownership, and in particular, makes a case for incorporating floating tranches and outcomes-based conditionality in IMF-supported adjustment programs. Mode of access: Internet Sharma, Sunil. IMF Working Papers; Working Paper ; No. 2001/142 Full text available on IMF http://elibrary.imf.org/view/journals/001/2001/142/001.2001.issue-142-en.xml IMF e-Library