Imf Supported Programs In Low Income Countries PDF Download
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Author | : Mr.Christian Mumssen |
Publisher | : International Monetary Fund |
Total Pages | : 64 |
Release | : 2014-01-15 |
Genre | : Business & Economics |
ISBN | : 1484359437 |
Download IMF-Supported Programs in Low Income Countries Book in PDF, ePub and Kindle
This paper studies the short and longer-term impact of IMF engagement in Low-Income Countries (LICs) over nearly three decades. In contrast to earlier studies, we focus on a sample composed exclusively of LICs and disentangle the different effects of IMF longer-term engagement and short-term financing using a propensity score matching approach to control for selection bias. Our results indicate that longer-term IMF support (at least five years of program engagement per decade) helped LICs sustain economic growth and boost resilience by building fiscal buffers. Interestingly, the size of IMF financing has no significant impact on economic growth, possibly pointing to the prominent role of IMF policy advice and institutional capacity building in the context of longer-term engagement. We also present evidence that the short-term IMF engagement through augmentations of existing programs or short-term and emergency facilities is positively associated with a wide range of macroeconomic outcomes. Notably, the IMF financial support has the greatest impact on short-term growth when LICs are faced with substantial macroeconomic imbalances or exogenous shocks.
Author | : Tejesh Pradhan |
Publisher | : International Monetary Fund |
Total Pages | : 37 |
Release | : 2018-12-13 |
Genre | : Business & Economics |
ISBN | : 1484386140 |
Download IMF-Supported Programs and Income Convergence in Low-Income Countries Book in PDF, ePub and Kindle
Continuing the empirical debate on the effects of IMF-supported programs on participating countries’ macroeconomic performance, we focus on the issue of whether these programs accelerate conditional ß-convergence among low-income countries (LICs). We use an unbalanced panel dataset for 85 LICs over the period 1986-2015 and employ two different econometric methods to address the selection bias problem. Our empirical results suggest that the rate of conditional income per capita convergence is faster among LICs with extended IMF support than that in countries without support or with intermittent support.
Author | : Yasemin Bal-Gunduz |
Publisher | : International Monetary Fund |
Total Pages | : 60 |
Release | : 2013-10-04 |
Genre | : Business & Economics |
ISBN | : 1484394712 |
Download The Economic Impact of IMF-Supported Programs in Low-Income Countries Book in PDF, ePub and Kindle
This paper aims to assess the economic impact of the IMF’s support through its facilities for low-income countries. It relies on two complementary econometric analyses: the first investigates the longer-term impact of IMF engagement—primarily through successive medium-term programs under the Extended Credit Facility and its predecessors (and more recently the Policy Support Instrument)—on economic growth and a range of other indicators and socioeconomic outcomes; the second focuses on the role of IMF shock-related financing—through augmentations of Extended Credit Facility arrangements and short-term and emergency financing instruments—on short-term macroeconomic performance.
Author | : Mr.Ashoka Mody |
Publisher | : International Monetary Fund |
Total Pages | : 184 |
Release | : 2006-04-03 |
Genre | : Business & Economics |
ISBN | : 9781589063617 |
Download IMF-Supported Programs Book in PDF, ePub and Kindle
Research work by the IMF’s staff on the effectiveness of the country programs the organization supports, which has long been carried out, has intensified in recent years. IMF analysts have sought to “open up the black box” by more closely examining program design and implementation, as well as how these influence programs’ effectiveness. Their efforts have also focused on identifying the lending, signaling, and monitoring features of the IMF that may affect member countries’ economic performance. This book reports on a large portion of both the new and the continuing research. It concludes that IMF programs work best where domestic politics and institutions permit the timely implementation of the necessary measures and when a country is vulnerable to, but not yet in, a crisis. It points to the need for a wider recognition of the substantial diversity among IMF member countries and for programs to be tailored accordingly while broadly maintaining the IMF’s general principle of uniformity of treatment.
Author | : Yasemin Bal-Gunduz |
Publisher | : |
Total Pages | : 0 |
Release | : 2013 |
Genre | : Business & Economics |
ISBN | : 9781484386514 |
Download The Economic Impact of IMF-Supported Programs in Low-Income Countries Book in PDF, ePub and Kindle
This paper aims to assess the economic impact of the IMF’s support through its facilities for low-income countries. It relies on two complementary econometric analyses: the first investigates the longer-term impact of IMF engagement—primarily through successive medium-term programs under the Extended Credit Facility and its predecessors (and more recently the Policy Support Instrument)—on economic growth and a range of other indicators and socioeconomic outcomes; the second focuses on the role of IMF shock-related financing—through augmentations of Extended Credit Facility arrangements and short-term and emergency financing instruments—on short-term macroeconomic performance.
Author | : Mr.Ali J Al-Sadiq |
Publisher | : International Monetary Fund |
Total Pages | : 38 |
Release | : 2015-07-16 |
Genre | : Business & Economics |
ISBN | : 1513565737 |
Download The Impact of IMF-Supported Programs on FDI in Low-income Countries Book in PDF, ePub and Kindle
It is common for IMF-supported adjustment programs with low-income member countries (LICs) to project that they will facilitate FDI inflows. The main objective of this paper is to empirically examine this hypothesis. Using an unbalanced panel dataset for 73 low-income countries over the period 1980–2012, and two different econometric methods that address the selection-bias problem, the empirical results robustly show that participating in IMF-supported program is associated with a significant increase in FDI inflows.
Author | : Yasemin Bal-Gunduz |
Publisher | : INTERNATIONAL MONETARY FUND |
Total Pages | : 60 |
Release | : 2013-10-04 |
Genre | : Business & Economics |
ISBN | : 9781475559033 |
Download The Economic Impact of IMF-Supported Programs in Low-Income Countries Book in PDF, ePub and Kindle
This paper aims to assess the economic impact of the IMF’s support through its facilities for low-income countries. It relies on two complementary econometric analyses: the first investigates the longer-term impact of IMF engagement—primarily through successive medium-term programs under the Extended Credit Facility and its predecessors (and more recently the Policy Support Instrument)—on economic growth and a range of other indicators and socioeconomic outcomes; the second focuses on the role of IMF shock-related financing—through augmentations of Extended Credit Facility arrangements and short-term and emergency financing instruments—on short-term macroeconomic performance.
Author | : Mr.Masahiro Nozaki |
Publisher | : International Monetary Fund |
Total Pages | : 20 |
Release | : 2011-08-31 |
Genre | : Business & Economics |
ISBN | : 1463935145 |
Download What Happens to Social Spending in IMF-Supported Programs? Book in PDF, ePub and Kindle
Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience interested in economic policy issues. This Web-only series replaced Staff Position Notes in January 2011.
Author | : Yasemin Bal-Gunduz |
Publisher | : International Monetary Fund |
Total Pages | : 33 |
Release | : 2014-11-12 |
Genre | : Business & Economics |
ISBN | : 149835193X |
Download Do IMF-Supported Programs Catalyze Donor Assistance to Low-Income Countries? Book in PDF, ePub and Kindle
This study explores whether IMF-supported programs in low-income countries (LICs) catalyze Official Development Assistance (ODA). Based on a comprehensive set of ODA measures and using Propensity Score Matching approach to address selection bias, we show that programs addressing policy or exogenous shocks have a significant catalytic impact on both the size and the modality of ODA. Moreover, the impact is greatest when LICs are faced with substantial macroeconomic imbalances or large shocks. Nevertheless, when countries attracting similar donor assistance before shocks are matched results for bilateral ODA turn insignificant, suggesting that the catalytic impact is attributed primarily to multilateral ODA.
Author | : International Monetary Fund |
Publisher | : International Monetary Fund |
Total Pages | : 12 |
Release | : 2004-01-08 |
Genre | : Business & Economics |
ISBN | : 1451821115 |
Download Kenya Book in PDF, ePub and Kindle
This report of the Debt Sustainability Analysis (DSA) indicates that the envisaged strategy of a partial substitution of domestic debt by increased inflows of external grants and concessional loans, as well as a rescheduling of external debt by the Paris and London Clubs, would facilitate the achievement of debt sustainability. The DSA also confirms that such a debt rescheduling could constitute an appropriate exit strategy for Kenya. The DSA also shows that debt sustainability would improve significantly with a concessional rescheduling, particularly under the Naples terms.