There has been some conditionalities in the sense that this debt relief is supposed to release resources to be devoted to education, healthcare and infrastructure, for example. In the past African government made such promises but they never carried them… — George W. Bush Copy Share Image
“A standard IMF package often involves, among other things, the following “conditionalities”: 1) devaluation of currency; 2) tight monetary and fiscal constraints; 3) budget cuts, with sharply reduced public expenditures; 4) a wage freeze; and 5) sharp reduction or elimination of import and price subsidies.” — Anonymous Copy Share Image
