Occasional Papers

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

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

October 4, 2013

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Yasemin Bal Gunduz, Christian H Ebeke, Burcu Hacibedel, Linda Kaltani, Vera V Kehayova, Chris Lane, Christian Mumssen, Nkunde Mwase, and Joseph Thornton. The Economic Impact of IMF-Supported Programs in Low-Income Countries, (USA: International Monetary Fund, 2013) accessed September 19, 2024

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.

Subject: Asset and liability management, Balance of payments, Balance of payments need, Current account balance, Debt relief, Foreign direct investment, Poverty, Poverty reduction, Poverty reduction strategy

Keywords: Balance of payments need, Current account balance, Debt relief, Global, IMF arrangement, IMF dummy, IMF engagement, IMF program engagement, IMF program support, IMF staff calculation, IMF support, OP, Poverty reduction, Poverty reduction strategy, Program engagement, Sub-Saharan Africa

Publication Details

  • Pages:

    60

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Occasional Paper No. 2013/003

  • Stock No:

    S277EA

  • ISBN:

    9781484394717

  • ISSN:

    0251-6365

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