The Economic Impact of IMF-Supported Programs in Low-Income Countries

Author/Editor:

Yasemin Bal-Gunduz ; Christian H Ebeke ; Burcu Hacibedel ; Linda Kaltani ; Vera V Kehayova ; Chris Lane ; Christian Mumssen ; Nkunde Mwase ; Joseph Thornton

Publication Date:

October 4, 2013

Summary:

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.

Series:

Occasional Paper No. 277

Subject:

English

Publication Date:

October 4, 2013

ISBN/ISSN:

9781484394717/0251-6365

Stock No:

S277EA

Price:

$33.00 (Academic Rate:$31.00)

Format:

Paper

Pages:

60

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