Give Trust a Chance—A Model of Trust in the Context of an IMF-Supported Program
IMF Working Papers, February 1, 2007
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Bibliographic details
- Authors: Daouda Sembene
- Published: February 1, 2007
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451866063.001
Summary and objective
- This paper attempts to identify the determinants of trust between country authorities and IMF staff in the context of an IMF-supported program.
- Uses an outcomes-based definition of trust.
- Develops a game-theoretic model to compute the level of trust between the two parties.
Key findings
- Trust between country authorities and IMF staff exerts a positive impact on the likelihood of program success.
- The mechanisms through which trust improves program outcomes:
- Improves the quality of the design of an IMF-supported program.
- Improves the efficiency of negotiation.
- Improves the effectiveness of implementation.
Analysis approach
- Employs a game-theoretic model to compute trust levels and analyze trust-related issues emerging in a program context.
- Uses an outcomes-based definition of trust as the basis for the model and the analysis.
Policy implications and recommendations
- Some initiatives are proposed to secure the benefits of trust and enhance trust in staff.
- Emphasis on measures that strengthen trust to improve program design, negotiation efficiency, and implementation effectiveness.