Fiscal Adjustment in IMF-Supported Programs

November 17, 2003

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Fiscal Adjustment in IMF-Supported Programs, (USA: International Monetary Fund, 2003) accessed September 20, 2024

Summary

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.

Subject: Expenditure, Fiscal consolidation, Fiscal policy, Fiscal stance, Government debt management, Public financial management (PFM)

Keywords: Capital account crisis case, Deficit, Fiscal consolidation, Fiscal stance, GDP growth, Government debt management, IEO, IEOR, IMF-supported program, Program, Program projection, Revenue, Revenue shortfall, Spending, Sub-Saharan Africa

Publication Details

Pages:

125
Volume:

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DOI:

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Issue:

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Series:

Independent Evaluation Office Reports
Stock No:

FAISEA
ISBN:

9781589062740
ISSN:

2617-670X

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