INTERNATIONAL MONETARY FUND IMF-Supported Programs in LowIncome Countries: Fragile versus Non-Fragile States Kaihao Cai, Édouard Martin, and Felix Várdy WP/24/221 IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management. 9A9 2024 OCT © 2024 International Monetary Fund WP/24/221 ...