Occasional Papers

The Design of IMF-Supported Programs

Author/Editor:

Charalambos Christofides ; Atish R. Ghosh ; Uma Ramakrishnan ; Alun H. Thomas ; Laura Papi ; Juan Zalduendo ; Jun I Kim

Publication Date:

September 20, 2005

Electronic Access:

Link to Abstract

Summary:

This collection of papers examines IMF-supported programs over the period 1995-2000 in both middle-income and low-income countries. In order to seek insights from a comparison across different types of programs, the sections entitled"Objectives and Outcomes," "Policy Formulation and Analytical Frameworks," and "Macroeconomic and Structural Policies" address a number of questions regarding the economic programs for which national authorities seek the IMF’s financial support: the specific goals of IMF-supported programs, and the challenges they face; how programs are formulated; the components of programs; and how program success should be judged.

Series:

Occasional Paper No. 2005/007

Subject:

Balance of payments Capital account crisis Current account balance Exchange rate arrangements Fiscal consolidation Fiscal policy Foreign exchange Inflation Prices