US EditionIEO exposes structural issues in IMF’s Exceptional Access Policy
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IEO exposes structural issues in IMF’s Exceptional Access Policy
In December, the IMF’s Independent Evaluation Office (IEO) published its evaluation of the Fund’s Exceptional Access Policy (EAP). Established in 2002, the EAP was intended to impose stricter safeguards for countries seeking IMF loans beyond normal limits – standard borrowing caps based on a country’s IMF quota share. To qualify, countries must meet four criteria, including experiencing severe balance of payments pressures and demonstrating debt…
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