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Evaluations
Seminars
Publications
Work Programs
Reports to the IMFC
Annual Reports
Newsletters
Books
20th Anniversary
About Us
Our Team
Origins
Terms of Reference
Evaluating the Evaluator
Cooperation with IMF Staff
Vacancies
Join Our Mailing List
Let's Talk
The IMF’s Exceptional Access Policy
Evaluations
IMF’s Exceptional Access Policy
Full Text of the Main Report
Executive Summary
English
Full Report by Sections
Foreword
1. Introduction
2. Rationale and Evolution of Exceptional Access Policy
3. Experience with EA Program Design and Outcomes
4. The Four Criteria
5. EAP Procedures
6. Main Findings
7. Recommendations
Annex 1. Exceptional Access Criteria: Policy Safeguards for High Combined Credit (GRA and PRGT)—A Comparison
Annex 2. Theory of Change: An Evaluation Tool
Annex 3. Abstracts of Background Papers
Annex 4. IMF Policies and Procedures that Facilitated Lending Above Normal Access Levels, 1977–97
Annex 5. Evolution of Exceptional Access Criteria
Annex 6. Access Limits and "Erosion" of Quotas
Annex 7. Surcharges
Annex 8. Enterprise Risk Assessment
Statement by the Managing Director on the IEO Evaluation
Summing Up of the Executive Board Discussion
Background Papers
1. The IMF’s Exceptional Access Policy: Rationale and Evolution
Series Number: BP/24-02/01
Authors: Alisa Abrams and Vivek Arora
2. The IMF's Exceptional Access Policy: Program Design and Outcomes in IMF-Supported Programs with Exceptional Access
Series Number: BP/24-02/02
Authors: Peter Montiel, Jérémie Cohen-Setton, and Jiakun Li
3. The IMF’s Exceptional Access Policy: Exceptional Access Criteria Part I: EAC1 and EAC4
Series Number: BP/24-02/03
Author: Yasemin Bal Gündüz
4. Exceptional Access Criteria Part II: Debt Sustainability and Market Access
Series Number: BP/24-02/04
Author: Aitor Erce
5. Strengthened Decision-Making Procedures Under Exceptional Access Policies
Series Number: BP/24-02/05
Author: G. Russell Kincaid
6. Ex Post Evaluations and Institutional Learning
Series Number: BP/24-02/06
Authors: Ajai Chopra and Jiakun Li
7. Exceptional Access in the Context of Global, Regional, and Country-Specific Shocks: Latvia, Pakistan, Jordan, Greece, and Ukraine Cases
Series Number: BP/24-02/07
Authors: Chris Lane and Sandra Saveikyte
10. The IMF’s Exceptional Access Policy in the 2020 Stand-By Arrangement and Rapid Financing Instrument for the Arab Republic of Egypt
Series Number: BP/24-02/10
Authors: Marcelo Giugale and Yasemin Bal Gündüz
8. The IMF’s Exceptional Access Policy in the 2018 Stand-By Arrangement for Argentina
Series Number: BP/24-02/08
Authors: Miguel de Las Casas and Carlos Pérez-Verdía
9. The IMF's Exceptional Access Policy in the 2020 Fund-Supported Program for Ecuador
Series Number: BP/24-02/09
Authors: Laura Alfaro and Miguel de Las Casas
Press Release
IEO Releases Evaluation of The IMF’s Exceptional Access Policy
