The International Monetary Fund (IMF) is an intergovernmental organisation with 189 member-states, seeking to uphold global financial stability. Among its various activities, IMF lending programmes have attracted most attention. In exchange for financial support, borrowing countries agree to implement a package of obligatory policy reforms, or ‘conditionality’. What are the social, political, and economic consequences of policy reforms mandated by the International Monetary Fund? How do they affect population health? Which social groups are affected the most? How do people respond to these consequences? This research deploys data from an original database of IMF policy reforms, available at IMF Monitor, to investigate the effects of IMF lending on state capacity, health policies, foreign aid, and related areas. This project is funded by the Cambridge Political Economy Society Trust.