The Economic Impact of IMF-Supported Programs in Low-Income Countries
October 4, 2013
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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
Pages:
60
Volume:
2013
DOI:
Issue:
003
Series:
Occasional Paper No 2013/003
Stock No:
S277EA
ISBN:
9781484394717
ISSN:
0251-6365
