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| Author | : International Monetary Fund. Independent Evaluation Office |
| Publisher | : International Monetary Fund |
| Total Pages | : 52 |
| Release | : 2008-04-30 |
| Genre | : Business & Economics |
| ISBN | : 1589067029 |
Download Structural Conditionality in IMF-Supported Programs Book in PDF, ePub and Kindle
This evaluation examines factors influencing the effectiveness of the IMF structural conditionality in bringing about structural reform. It assesses the impact of the streamlining initiative launched in 2000 and of the 2002 Conditionality Guidelines. These guidelines aimed at reducing the volume and scope of structural conditionality by requiring “parsimony” in the use of conditions and stipulated that conditions must be “critical” to the achievement of the program goals. The evaluation finds that during the period 1995–2004, there was extensive use of structural conditionality in IMF-supported programs, with an average of 17 conditions per program/year.
| Author | : Mr. Jochen R. Andritzky |
| Publisher | : International Monetary Fund |
| Total Pages | : 56 |
| Release | : 2021-05-13 |
| Genre | : Business & Economics |
| ISBN | : 1513572695 |
Download How to Gain the Most from Structural Conditionality of IMF-Supported Programs Book in PDF, ePub and Kindle
Structural conditionality of IMF-supported programs is designed to support structural reforms by countries borrowing from the IMF. Taking stock of program conditions and their implementation, this paper finds that conditionality focuses on fiscal, monetary and financial issues—areas where IMF expertise is strong—and shies away from structural areas such as labor or product market reforms. Hence, tackling deep-rooted structural issues during IMF-supported programs often remained elusive. To ensure countries gain most from IMF conditionality, the paper outlines an evaluation matrix for prioritizing and designing structural reforms, and applies it to case studies.
| Author | : INTERNATIONAL MONETARY FUND. |
| Publisher | : |
| Total Pages | : |
| Release | : 2018 |
| Genre | : |
| ISBN | : 9781484353035 |
Download STRUCTURAL CONDITIONALITY IN IMF-SUPPORTED PROGRAMS Book in PDF, ePub and Kindle
| Author | : Mr.Sanjeev Gupta |
| Publisher | : International Monetary Fund |
| Total Pages | : 31 |
| Release | : 2018-12-07 |
| Genre | : Business & Economics |
| ISBN | : 1484389077 |
Download Expenditure Conditionality in IMF-supported Programs Book in PDF, ePub and Kindle
This paper studies the impact of expenditure conditionality in IMF programs on the composition of public spending. A granular dataset on different government expenditure conditions covering 115 countries for the 1992-2016 period is compiled. The results support the view that while conditionality on specific elements of spending could help achieve a program’s short-term objectives, it is structural conditionality which delivers lasting benefits. Structural public financial management conditionality (such as on budget execution and control) has proven to be effective in boosting the long-term level of education, health, and public investment expenditures. The results further indicate that conditionality on raising such spending may come at the expense of other expenditures. Finally, the successful implementation (and not mere existence) of the conditionality is crucial for improved outcomes. These findings are relevant for policy makers targeting achievement of the Sustainable Development Goals (SDGs).
| Author | : International Monetary Fund. Independent Evaluation Office |
| Publisher | : International Monetary Fund |
| Total Pages | : 128 |
| Release | : 2003-11-17 |
| Genre | : Business & Economics |
| ISBN | : 1589062744 |
Download Fiscal Adjustment in IMF-Supported Programs Book in PDF, ePub and Kindle
Using a cross-country sample of 169 IMF-supported programs and detailed studies of 15 programs, this evaluation report examines various aspects of fiscal adjustment in IMF-supported programs. It presents evidence that does not support some critics’ view that IMF-supported programs typically adopt a one-size-fits-all approach to fiscal adjustment, nor the perception that programs always involve austerity by targeting reductions in public spending. The report also proposes a number of recommendations for IMF surveillance and program design in the future.
| Author | : Mr.James M. Boughton |
| Publisher | : International Monetary Fund |
| Total Pages | : 26 |
| Release | : 2003-09-01 |
| Genre | : Political Science |
| ISBN | : 1451859732 |
Download Who's in Charge? Ownership and Conditionality in IMF-Supported Programs Book in PDF, ePub and Kindle
IMF lending is conditional on a country's commitment to carry out an agreed program of economic policies. Unless that commitment is genuine and broadly held, the likelihood of implementation will be poor. Is there a conflict between national commitment and conditional finance? Are national authorities or other agents in the country less likely to "own" a reform program simply because it is conditionally financed? This paper argues that potential conflicts are reduced when program design takes the country's interests and circumstances into account and when conditionality results from a genuine process of interaction between the IMF and the borrower.
| Author | : International Monetary Fund. Legal Dept. |
| Publisher | : International Monetary Fund |
| Total Pages | : 15 |
| Release | : 2008-07-14 |
| Genre | : Business & Economics |
| ISBN | : 1498334407 |
Download Application of Structural Conditionality - 2008 Annual Report Book in PDF, ePub and Kindle
This report provides an update, based on objective indicators, of the application of structural conditionality in Fund-supported programs. Such annual reports on structural conditionality are one element of the management implementation plan (MIP) prepared in response to the Board-endorsed recommendations made in the IEO evaluation of Structural Conditionality in IMF-Supported Programs. This annual report covers Fund arrangements approved during the period 1995–2007 (and their reviews through April 30, 2008), extending therefore the dataset contained in the recent IEO report by about three years (from 2005 to 2007). In addition, this report examines experience with Policy Support Instruments (PSIs), which were introduced in October 2005, and thus not covered in the IEO evaluation.
| 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 | : International Monetary Fund |
| Publisher | : International Monetary Fund |
| Total Pages | : 8 |
| Release | : 2011-01-21 |
| Genre | : Business & Economics |
| ISBN | : 149833945X |
Download 2011 Review of Conditionality and the Design of Fund-Supported Programs - Concept Note Book in PDF, ePub and Kindle
The Fund regularly assesses conditionality in IMF-supported programs, with the next formal review planned for 2011. This paper summarizes previous assessments of conditionality, outlines staff’s proposed approach to the forthcoming review, and seeks Directors’ early views on the approach.
| Author | : Soojin Moon |
| Publisher | : International Monetary Fund |
| Total Pages | : 46 |
| Release | : 2003-02-01 |
| Genre | : Business & Economics |
| ISBN | : 1451845715 |
Download Do IMF-Supported Programs Help Make Fiscal Adjustment More Durable? Book in PDF, ePub and Kindle
This paper investigates fiscal developments in 112 countries during the 1990s. It finds that, while the overall fiscal balance improved in most of them, the composition of this improvement differed. In nonprogram countries, revenues increased modestly and expenditure declined sharply, while in program countries both revenue and expenditure declined. However, in countries with programs that included structural conditions the adjustment was effected primarily through sharp expenditure compression. We did not find evidence of a statistically significant impact of IMF conditionality. Morever, fiscal improvements are strongly influenced by cyclical factors
