IMF urges more focused loan reforms

The article focuses on the International Monetary Fund's call for deeper reforms and a reduction in the number of measures in the design of loan programs, emphasizing the need to enhance efficiency and keep pace with increasing global economic challenges, especially during crises such as the COVID-19 pandemic and the Russia-Ukraine war. This recommendation comes after an evaluation of the effectiveness of programs from 2018 to 2024, during which the Fund's Executive Board supported changes that balance increasing revenue, strengthening fiscal positions, and improving risk assessment—while stressing the importance of protecting the most vulnerable groups and reducing extreme austerity measures that could negatively impact public services. Additionally, the new adjustments employ tools focused on structural reforms and improving shock management, aiming to achieve greater resilience and more successful outcomes for beneficiary countries, although it is noted that some nations still face difficulties in restoring stability in the medium term.

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