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

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Volume/Issue: Volume 2013 Issue 003
Publication date: October 2013
ISBN: 9781484394717
$15.00
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Inflation , Public Policy - Social Services and Welfare , Poverty and Homelessness , OP , IMF staff calculation , IMF engagement , IMF dummy , IMF support , IMF arrangement , Balance of payments need , Debt relief , Poverty reduction , Poverty reduction strategy , Current account balance , Global , Sub-Saharan Africa , IMF program support , IMF program engagement , program engagement

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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.

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