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

Author/Editor: Yasemin Bal-Gunduz ; Christian Ebeke ; Burcu Hacibedel ; Linda Kaltani ; Vera V Kehayova ; Chris Lane ; Christian Mumssen ; Nkunde Mwase ; Joseph Thornton
Publication Date: October 04, 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(s): Fund-supported adjustment programs | Low-income developing countries | Economic growth | Extended Credit Facility | Emergency financing mechanism

Publication Date: October 04, 2013
ISBN/ISSN: 9781484394717/0251-6365 Format: Paper
Stock No: S277EA Pages: 60
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