IMF-Supported Programs: Recent Staff Research
Seminar Volumes, April 3, 2006
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- IMF-Supported Programs: Recent Staff Research
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Bibliographic details
- Authors: Alessandro Rebucci, Ashoka Mody
- Published: April 3, 2006
- Series: Seminar Volumes
- DOI: https://doi.org/10.5089/9781589063617.072
Overview
- Research by IMF staff on the effectiveness of the country programs the organization supports has intensified in recent years.
- IMF analysts sought to “open up the black box” by more closely examining program design and implementation, as well as how these influence programs’ effectiveness.
- Efforts also focused on identifying the lending, signaling, and monitoring features of the IMF that may affect member countries’ economic performance.
- The book reports on a large portion of both the new and the continuing research.
Key findings
- IMF programs work best where domestic politics and institutions permit the timely implementation of the necessary measures.
- IMF programs work best when a country is vulnerable to, but not yet in, a crisis.
- There is substantial diversity among IMF member countries that needs wider recognition.
- Programs should be tailored to country-specific circumstances while broadly maintaining the IMF’s general principle of uniformity of treatment.
Analytical emphasis and research agenda
- Close examination of program design and implementation to understand causal links to program effectiveness.
- Analysis of lending, signaling, and monitoring features of the IMF as mechanisms influencing economic performance.
- Reporting covers both new and continuing lines of staff research into supported programs.
Policy implications and recommendations
- Design programs that account for domestic political and institutional capacity to implement measures in a timely manner.
- Prioritize IMF engagement when countries are vulnerable but not yet in crisis for stronger program outcomes.
- Tailor program content to the substantial diversity across member countries while preserving overall uniformity of treatment in IMF practice.
IMF-Supported Programs: Recent Staff Research — Alessandro Rebucci, Ashoka Mody; April 3, 2006.
Content in this bundle
- IMF-Supported Programs: Recent Staff Research; Ashoka Mody and Alessandro Rebucci; April 3, 2006