Definition: Cross-conditionality

Category: IMF terminology

To avoid duplication of requirements by the International Monetary Fund (IMF) and the World Bank - known as cross-conditionality - there is an understanding that each institution must proceed with its own financial assistance according to the standards laid down in its Articles of Agreement and the policies adopted by its Executive Board. In other words, compliance with the requirements of one institution ought not be made a condition for the availability of financial assistance by the other institution. http://www.imf.org/external/np/exr/glossary/showTerm.asp