Countries that run IMF supported programs over many years or even decades are probably not a demonstration of success. Thus, the major role of the IMF should be to prevent that IMF financing becomes necessary and to make it redundant over time for countries. When performing the financing role, however, negative feedbacks on the intended international public good in the future must be avoided.
There has been a controversial discussion to what extent large IMF financing packages have caused moral hazard and thus undermined the functioning of the market mechanisms, i.e. whether the crisis solution in one case has actually prepared the ground for the next crises. To conclude: 1.