The IMF’s Role in Low-Income Countries: Issues and Challenges
September 1, 2005
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Summary
Drawing on recent research, this study elaborates on the role of the IMF in support of its lowincome members, pointing to the global character of the institution and to its superior ability-given its multilateral nature-to serve as a financial institution, an information provider, and a commitment device. The IMF assists low-income members through a range of activities that are normally bundled together, including lending, offering policy advice, and providing assistance with capacity building. The study reviews the features of IMF policies towards its low-income membership and points to the main challenges to their success.
Subject: Income inequality, Macro-fiscal framework, Poverty, Poverty reduction, Poverty reduction strategy
Keywords: IMF assistance, IMF lending, IMF surveillance, member country, PRGF country, program design, WP
Pages:
41
Volume:
2005
DOI:
Issue:
177
Series:
Working Paper No. 2005/177
Stock No:
WPIEA2005177
ISBN:
9781451861969
ISSN:
1018-5941
