Imf Conditionality

Author : John Williamson,Institute for International Economics (U.S.)
Publisher : MIT Press (MA)
Page : 708 pages
File Size : 52,9 Mb
Release : 1983
Category : Conditionality (International relations)
ISBN : STANFORD:36105037510661

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IMF Conditionality by John Williamson,Institute for International Economics (U.S.) Pdf

The twenty-one contributions in this book assess the controversy surrounding the Fund and provide judgments about the criteria for Fund lending which should help readers understand and analyze both its ongoing role in smoothing adjustment to international payments imbalances and its currently critical position in responding to the debt crisis.

Author : Erica R. Gould
Publisher : Stanford University Press
Page : 308 pages
File Size : 54,6 Mb
Release : 2006
Category : Political Science
ISBN : 0804752796

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Money Talks by Erica R. Gould Pdf

analyzes the changes in conditions placed on International Monetary Fund loans to states over the last fifty years and argues that the changes can be explained by shifts in the sources of the IMF's funding.

Author : Erik M.G. Denters
Publisher : BRILL
Page : 310 pages
File Size : 47,5 Mb
Release : 2023-08-28
Category : Business & Economics
ISBN : 9789004634701

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Law and Policy of IMF Conditionality by Erik M.G. Denters Pdf

IMF conditionality has been severely criticised by developing countries, who accuse the Fund of unjustly provoking political turmoil and causing poverty. This refers to the policies that a member country is required to follow in order to be able to use the Fund's resources. Conditionality is legally based on the requirement to adopt `adequate safeguards' for the use of resources as stipulated by the IMF's Articles of Agreement. This work focuses on legal implications and policy aspects and, more specifically, on the question of how far-reaching the requirement of `adequate safeguards' may be. Furthermore, the author demonstrates that conditionality is also affected by cooperative arrangements with other institutions, such as the World Bank and United Nations. A major conclusion is that there should be improvements in cooperation and in the monitoring of the application of Fund law on conditionality. Scholars and students who take a deep interest in international economic relations will find this book a unique opportunity to study the legal framework of conditionality. Government officials preparing for negotiations with the Fund will also benefit from reading this work.

Author : Kwame Akonor
Publisher : Routledge
Page : 180 pages
File Size : 52,6 Mb
Release : 2013-09-13
Category : Political Science
ISBN : 9781135526030

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Africa and IMF Conditionality by Kwame Akonor Pdf

Ghana was one of the first African countries to adopt a comprehensive IMF reform program and the one that has sustained adjustment longest. Yet, questions of Ghana's compliance - to what extent did it comply, how did it manage compliance, what patterns of non-compliance existed, and why? - have not been systematically investigated and remain poorly understood. This book argues that understanding the domestic political environment is crucial in explaining why compliance, or the lack thereof, occurs. Akonor maintains that compliance with IMF conditionality in Ghana has had high political costs and thus, non-compliance occurred once the political survival of a regime was at stake.

Author : Jacques Jacobus Polak
Publisher : Unknown
Page : 90 pages
File Size : 54,8 Mb
Release : 1991
Category : Business & Economics
ISBN : UCSD:31822008082232

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The Changing Nature of IMF Conditionality by Jacques Jacobus Polak Pdf

Author : Mr.S. Nuri Erbas
Publisher : International Monetary Fund
Page : 19 pages
File Size : 53,6 Mb
Release : 2003-05-01
Category : Business & Economics
ISBN : 9781451852165

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Imf Conditionality and Program Ownership by Mr.S. Nuri Erbas Pdf

Program conditionality and ownership are important considerations in the IMF's current rethinking of program design. This paper contributes to the literature by developing a theory of program conditionality and ownership on the basis of Cumulative Prospect Theory. The policymaker may value a set of programs, each with fewer conditions, more than an extended program with as many conditions. This valuation bias is greater in ambiguity (Knightian uncertainty) than under uncertainty. If greater valuation of a program engenders more explicit and implicit ownership, then programs with fewer conditions may have a better chance of success. Less is more.

Author : James Raymond Vreeland
Publisher : Routledge
Page : 189 pages
File Size : 42,8 Mb
Release : 2006-12-06
Category : Political Science
ISBN : 9781134189533

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The International Monetary Fund (IMF) by James Raymond Vreeland Pdf

The ideal book for students who need a clear and concise introduction to the IMF and an overview of its debates and controversies.

Author : Mr. Jochen R. Andritzky,Zsuzsa Munkacsi,Ke Wang
Publisher : International Monetary Fund
Page : 56 pages
File Size : 44,6 Mb
Release : 2021-05-13
Category : Business & Economics
ISBN : 9781513572697

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How to Gain the Most from Structural Conditionality of IMF-Supported Programs by Mr. Jochen R. Andritzky,Zsuzsa Munkacsi,Ke Wang Pdf

Structural conditionality of IMF-supported programs is designed to support structural reforms by countries borrowing from the IMF. Taking stock of program conditions and their implementation, this paper finds that conditionality focuses on fiscal, monetary and financial issues—areas where IMF expertise is strong—and shies away from structural areas such as labor or product market reforms. Hence, tackling deep-rooted structural issues during IMF-supported programs often remained elusive. To ensure countries gain most from IMF conditionality, the paper outlines an evaluation matrix for prioritizing and designing structural reforms, and applies it to case studies.

Author : Mr.Sanjeev Gupta,Michela Schena,Mr.Reza Yousefi
Publisher : International Monetary Fund
Page : 31 pages
File Size : 54,9 Mb
Release : 2018-12-07
Category : Business & Economics
ISBN : 9781484389072

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Expenditure Conditionality in IMF-supported Programs by Mr.Sanjeev Gupta,Michela Schena,Mr.Reza Yousefi Pdf

This paper studies the impact of expenditure conditionality in IMF programs on the composition of public spending. A granular dataset on different government expenditure conditions covering 115 countries for the 1992-2016 period is compiled. The results support the view that while conditionality on specific elements of spending could help achieve a program’s short-term objectives, it is structural conditionality which delivers lasting benefits. Structural public financial management conditionality (such as on budget execution and control) has proven to be effective in boosting the long-term level of education, health, and public investment expenditures. The results further indicate that conditionality on raising such spending may come at the expense of other expenditures. Finally, the successful implementation (and not mere existence) of the conditionality is crucial for improved outcomes. These findings are relevant for policy makers targeting achievement of the Sustainable Development Goals (SDGs).

Author : Graham Bird
Publisher : Routledge
Page : 318 pages
File Size : 46,9 Mb
Release : 2014-05-01
Category : Business & Economics
ISBN : 9781134700776

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The IMF and the Future by Graham Bird Pdf

The International Monetary Fund has been criticised from both the right and the left of the political spectrum with the right arguing that it is too interventionist and creates more problems than it solves and the left on occasion demanding that it be abolished altogether. What seems almost beyond question is that the IMF needs to be reformed. Defining a future role for the IMF will always be a controversial issue, but vital to any considerations will be a measured assessment of how it has operated in the past. This excellent new book from an internationally respected expert on the IMF intends to do just that. Starting with an historical background tracing the evolution of the IMF, the book goes on to cover such themes as: *The circumstances under which countries turn to the IMF *The various aspects of IMF conditionality *Institutional issues such as lending facilities and how the fund is resourced. Bringing together an array of articles, this excellent new book will undoubtedly be required reading for anyone with a serious interest in development studies as well as being an eye-opening read for policy makers involved with the IMF.

Author : Mr.James John,Mr.Adam Bennett,Ms.María Vicenta Carkovic S.,Mr.Louis Dicks-Mireaux,Mr.Mauro Mecagni,Mr.Miguel A. Savastano,Ms.Susan Schadler
Publisher : International Monetary Fund
Page : 166 pages
File Size : 41,5 Mb
Release : 1995-09-29
Category : Business & Economics
ISBN : 1557755000

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IMF Conditionality by Mr.James John,Mr.Adam Bennett,Ms.María Vicenta Carkovic S.,Mr.Louis Dicks-Mireaux,Mr.Mauro Mecagni,Mr.Miguel A. Savastano,Ms.Susan Schadler Pdf

This paper is part II of a two-volume study conducted as a part of the IMF's ongoing process of evaluating its lending facilities. It focuses on IMF-supported programs and macroeconomic performance during 1988-92, reflecting information available through the end of 1993. Part I (Occasional Paper No. 128) provides an overview of the principal issues and findings and distills the main message for future programs. Part II presents detailed examinations of selected policy issues in five background papers.

Author : Mr.James M. Boughton
Publisher : International Monetary Fund
Page : 26 pages
File Size : 52,8 Mb
Release : 2003-09-01
Category : Political Science
ISBN : 9781451859737

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Who's in Charge? Ownership and Conditionality in IMF-Supported Programs by Mr.James M. Boughton Pdf

IMF lending is conditional on a country's commitment to carry out an agreed program of economic policies. Unless that commitment is genuine and broadly held, the likelihood of implementation will be poor. Is there a conflict between national commitment and conditional finance? Are national authorities or other agents in the country less likely to "own" a reform program simply because it is conditionally financed? This paper argues that potential conflicts are reduced when program design takes the country's interests and circumstances into account and when conditionality results from a genuine process of interaction between the IMF and the borrower.

Author : Erik Denters
Publisher : Springer
Page : 320 pages
File Size : 55,7 Mb
Release : 1996-03-13
Category : Business & Economics
ISBN : STANFORD:36105060544033

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Law and Policy of IMF Conditionality by Erik Denters Pdf

8.3 The US position

Author : Olivier Jeanne,Jonathan David Ostry,Jeromin Zettelmeyer
Publisher : INTERNATIONAL MONETARY FUND
Page : 33 pages
File Size : 42,7 Mb
Release : 2008-10-01
Category : Electronic
ISBN : 1451870949

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A Theory of International Crisis Lending and IMF Conditionality by Olivier Jeanne,Jonathan David Ostry,Jeromin Zettelmeyer Pdf

We present a framework that clarifies the financial role of the IMF, the rationale for conditionality, and the conditions under which IMF-induced moral hazard can arise. In the model, traditional conditionality commits country authorities to undertake crisis resolution efforts, facilitating the return of private capital, and ensuring repayment to the IMF. Nonetheless, moral hazard can arise if there are crisis externalities across countries (contagion) or if country authorities discount crisis costs too much relative to the national social optimum, or both. Moral hazard can be avoided by making IMF lending conditional on crisis prevention efforts-"ex ante" conditionality.

Author : Mr.James John,Mr.Adam Bennett,Ms.María Vicenta Carkovic S.,Mr.Louis Dicks-Mireaux,Mr.Mauro Mecagni,Mr.Miguel A. Savastano,Ms.Susan Schadler
Publisher : International Monetary Fund
Page : 70 pages
File Size : 52,5 Mb
Release : 1995-09-26
Category : Business & Economics
ISBN : 1557754926

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IMF Conditionality by Mr.James John,Mr.Adam Bennett,Ms.María Vicenta Carkovic S.,Mr.Louis Dicks-Mireaux,Mr.Mauro Mecagni,Mr.Miguel A. Savastano,Ms.Susan Schadler Pdf

This paper is Part I of a two-volume study conducted as a part of the IMF's ongoing process of evaluating its lending facilities. It focuses on IMF-supported programs and macroeconomic performance during 1988-92, reflecting information available through the end of 1993. Part I provides an overview of the experiences during the arrangements reviewed: it describes the initial conditions faced in these countries, the adjustment strategies adopted, the degree to which programs were implemented, and the extent of sustained adjustment experienced.