Imf Supported Programs In Low Income Countries

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IMF-Supported Programs in Low Income Countries

Mr.Christian Mumssen,Yasemin Bal-Gunduz,Mr.Christian Ebeke,Ms.Linda Kaltani
IMF Supported Programs in Low Income Countries Book PDF

Author : Mr.Christian Mumssen,Yasemin Bal-Gunduz,Mr.Christian Ebeke,Ms.Linda Kaltani
Publisher : International Monetary Fund
Page : 64 pages
File Size : 44,6 Mb
Release : 2014-01-15
Category : Business & Economics
ISBN : 9781484359433

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IMF-Supported Programs in Low Income Countries by Mr.Christian Mumssen,Yasemin Bal-Gunduz,Mr.Christian Ebeke,Ms.Linda Kaltani Pdf

This paper studies the short and longer-term impact of IMF engagement in Low-Income Countries (LICs) over nearly three decades. In contrast to earlier studies, we focus on a sample composed exclusively of LICs and disentangle the different effects of IMF longer-term engagement and short-term financing using a propensity score matching approach to control for selection bias. Our results indicate that longer-term IMF support (at least five years of program engagement per decade) helped LICs sustain economic growth and boost resilience by building fiscal buffers. Interestingly, the size of IMF financing has no significant impact on economic growth, possibly pointing to the prominent role of IMF policy advice and institutional capacity building in the context of longer-term engagement. We also present evidence that the short-term IMF engagement through augmentations of existing programs or short-term and emergency facilities is positively associated with a wide range of macroeconomic outcomes. Notably, the IMF financial support has the greatest impact on short-term growth when LICs are faced with substantial macroeconomic imbalances or exogenous shocks.

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

Yasemin Bal-Gunduz,Mr.Christian Ebeke,Ms.Burcu Hacibedel,Ms.Linda Kaltani,Ms.Vera V Kehayova,Mr.Chris Lane,Mr.Christian Mumssen,MissNkunde Mwase,Mr.Joseph Thornton
The Economic Impact of IMF Supported Programs in Low Income Countries Book PDF

Author : Yasemin Bal-Gunduz,Mr.Christian Ebeke,Ms.Burcu Hacibedel,Ms.Linda Kaltani,Ms.Vera V Kehayova,Mr.Chris Lane,Mr.Christian Mumssen,MissNkunde Mwase,Mr.Joseph Thornton
Publisher : International Monetary Fund
Page : 60 pages
File Size : 46,7 Mb
Release : 2013-10-04
Category : Business & Economics
ISBN : 9781484394717

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The Economic Impact of IMF-Supported Programs in Low-Income Countries by Yasemin Bal-Gunduz,Mr.Christian Ebeke,Ms.Burcu Hacibedel,Ms.Linda Kaltani,Ms.Vera V Kehayova,Mr.Chris Lane,Mr.Christian Mumssen,MissNkunde Mwase,Mr.Joseph Thornton Pdf

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.

IMF-Supported Programs and Income Convergence in Low-Income Countries

Tejesh Pradhan,Mr.Ali J Al-Sadiq
IMF Supported Programs and Income Convergence in Low Income Countries Book PDF

Author : Tejesh Pradhan,Mr.Ali J Al-Sadiq
Publisher : International Monetary Fund
Page : 37 pages
File Size : 46,5 Mb
Release : 2018-12-13
Category : Business & Economics
ISBN : 9781484386149

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IMF-Supported Programs and Income Convergence in Low-Income Countries by Tejesh Pradhan,Mr.Ali J Al-Sadiq Pdf

Continuing the empirical debate on the effects of IMF-supported programs on participating countries’ macroeconomic performance, we focus on the issue of whether these programs accelerate conditional ß-convergence among low-income countries (LICs). We use an unbalanced panel dataset for 85 LICs over the period 1986-2015 and employ two different econometric methods to address the selection bias problem. Our empirical results suggest that the rate of conditional income per capita convergence is faster among LICs with extended IMF support than that in countries without support or with intermittent support.

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

Yasemin Bal-Gunduz,Christian Ebeke,Burcu Hacibedel,Linda Kaltani,Vera Kehayova,Chris Lane,Christian Mumssen,Nkunde Mwase,Joseph Thornton
The Economic Impact of IMF Supported Programs in Low Income Countries Book PDF

Author : Yasemin Bal-Gunduz,Christian Ebeke,Burcu Hacibedel,Linda Kaltani,Vera Kehayova,Chris Lane,Christian Mumssen,Nkunde Mwase,Joseph Thornton
Publisher : Unknown
Page : 0 pages
File Size : 42,6 Mb
Release : 2013
Category : Business & Economics
ISBN : 1484386515

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The Economic Impact of IMF-Supported Programs in Low-Income Countries by Yasemin Bal-Gunduz,Christian Ebeke,Burcu Hacibedel,Linda Kaltani,Vera Kehayova,Chris Lane,Christian Mumssen,Nkunde Mwase,Joseph Thornton Pdf

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.

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

Yasemin Bal-Gunduz,Mr. Christian Ebeke,Ms. Burcu Hacibedel,Ms. Linda Kaltani,Ms. Vera V Kehayova,Mr. Chris Lane,Mr. Christian Mumssen,Nkunde Mwase,Mr. Joseph Thornton
The Economic Impact of IMF Supported Programs in Low Income Countries Book PDF

Author : Yasemin Bal-Gunduz,Mr. Christian Ebeke,Ms. Burcu Hacibedel,Ms. Linda Kaltani,Ms. Vera V Kehayova,Mr. Chris Lane,Mr. Christian Mumssen,Nkunde Mwase,Mr. Joseph Thornton
Publisher : INTERNATIONAL MONETARY FUND
Page : 60 pages
File Size : 53,7 Mb
Release : 2013-10-04
Category : Business & Economics
ISBN : 1475559038

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The Economic Impact of IMF-Supported Programs in Low-Income Countries by Yasemin Bal-Gunduz,Mr. Christian Ebeke,Ms. Burcu Hacibedel,Ms. Linda Kaltani,Ms. Vera V Kehayova,Mr. Chris Lane,Mr. Christian Mumssen,Nkunde Mwase,Mr. Joseph Thornton Pdf

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.

The Impact of IMF-Supported Programs on FDI in Low-income Countries

Mr.Ali J Al-Sadiq
The Impact of IMF Supported Programs on FDI in Low income Countries Book PDF

Author : Mr.Ali J Al-Sadiq
Publisher : International Monetary Fund
Page : 38 pages
File Size : 52,5 Mb
Release : 2015-07-16
Category : Business & Economics
ISBN : 9781513502342

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The Impact of IMF-Supported Programs on FDI in Low-income Countries by Mr.Ali J Al-Sadiq Pdf

It is common for IMF-supported adjustment programs with low-income member countries (LICs) to project that they will facilitate FDI inflows. The main objective of this paper is to empirically examine this hypothesis. Using an unbalanced panel dataset for 73 low-income countries over the period 1980–2012, and two different econometric methods that address the selection-bias problem, the empirical results robustly show that participating in IMF-supported program is associated with a significant increase in FDI inflows.

IMF-Supported Programs

Mr.Ashoka Mody,Mr.Alessandro Rebucci
IMF Supported Programs Book PDF

Author : Mr.Ashoka Mody,Mr.Alessandro Rebucci
Publisher : International Monetary Fund
Page : 184 pages
File Size : 40,7 Mb
Release : 2006-04-03
Category : Business & Economics
ISBN : 1589063619

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IMF-Supported Programs by Mr.Ashoka Mody,Mr.Alessandro Rebucci Pdf

Research work by the IMF’s staff on the effectiveness of the country programs the organization supports, which has long been carried out, has intensified in recent years. IMF analysts have sought to “open up the black box” by more closely examining program design and implementation, as well as how these influence programs’ effectiveness. Their efforts have also focused on identifying the lending, signaling, and monitoring features of the IMF that may affect member countries’ economic performance. This book reports on a large portion of both the new and the continuing research. It concludes that IMF programs work best where domestic politics and institutions permit the timely implementation of the necessary measures and when a country is vulnerable to, but not yet in, a crisis. It points to the need for a wider recognition of the substantial diversity among IMF member countries and for programs to be tailored accordingly while broadly maintaining the IMF’s general principle of uniformity of treatment.

External Performance in Low-Income Countries

Mr.Alessandro Prati,Mr.Luca Antonio Ricci,Lone Engbo Christiansen,Mr.Stephen Tokarick,Mr.Thierry Tressel
External Performance in Low Income Countries Book PDF

Author : Mr.Alessandro Prati,Mr.Luca Antonio Ricci,Lone Engbo Christiansen,Mr.Stephen Tokarick,Mr.Thierry Tressel
Publisher : International Monetary Fund
Page : 72 pages
File Size : 50,5 Mb
Release : 2011-03-15
Category : Business & Economics
ISBN : 9781616350536

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External Performance in Low-Income Countries by Mr.Alessandro Prati,Mr.Luca Antonio Ricci,Lone Engbo Christiansen,Mr.Stephen Tokarick,Mr.Thierry Tressel Pdf

Assessments of exchange rate misalignments and external imbalances for low-income countries are challenging because methodologies developed for advanced and emerging economies cannot be automatically applied to poorer nations. This paper uses a large database, unique in the set of indicators and number of countries it covers, to estimate the relationship in low-income countries between a set of fundamentals in the medium to long term and the real effective exchange rate, the current account, and the net external assets position.

What Happens to Social Spending in IMF-Supported Programs?

Mr.Masahiro Nozaki,Mr.Benedict J. Clements,Mr.Sanjeev Gupta
What Happens to Social Spending in IMF Supported Programs Book PDF

Author : Mr.Masahiro Nozaki,Mr.Benedict J. Clements,Mr.Sanjeev Gupta
Publisher : International Monetary Fund
Page : 20 pages
File Size : 43,8 Mb
Release : 2011-08-31
Category : Business & Economics
ISBN : 9781463935146

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What Happens to Social Spending in IMF-Supported Programs? by Mr.Masahiro Nozaki,Mr.Benedict J. Clements,Mr.Sanjeev Gupta Pdf

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience interested in economic policy issues. This Web-only series replaced Staff Position Notes in January 2011.

Do IMF-Supported Programs Catalyze Donor Assistance to Low-Income Countries?

Yasemin Bal-Gunduz,Masyita Crystallin
Do IMF Supported Programs Catalyze Donor Assistance to Low Income Countries Book PDF

Author : Yasemin Bal-Gunduz,Masyita Crystallin
Publisher : International Monetary Fund
Page : 33 pages
File Size : 52,6 Mb
Release : 2014-11-12
Category : Business & Economics
ISBN : 9781498381635

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Do IMF-Supported Programs Catalyze Donor Assistance to Low-Income Countries? by Yasemin Bal-Gunduz,Masyita Crystallin Pdf

This study explores whether IMF-supported programs in low-income countries (LICs) catalyze Official Development Assistance (ODA). Based on a comprehensive set of ODA measures and using Propensity Score Matching approach to address selection bias, we show that programs addressing policy or exogenous shocks have a significant catalytic impact on both the size and the modality of ODA. Moreover, the impact is greatest when LICs are faced with substantial macroeconomic imbalances or large shocks. Nevertheless, when countries attracting similar donor assistance before shocks are matched results for bilateral ODA turn insignificant, suggesting that the catalytic impact is attributed primarily to multilateral ODA.

Creating Policy Space in Low-Income Countries during the Recent Crises

Mr.Paolo Dudine,Sibabrata Das,Ms.Pritha Mitra,Yongzheng Yang,Eteri Kvintradze,MissNkunde Mwase
Creating Policy Space in Low Income Countries during the Recent Crises Book PDF

Author : Mr.Paolo Dudine,Sibabrata Das,Ms.Pritha Mitra,Yongzheng Yang,Eteri Kvintradze,MissNkunde Mwase
Publisher : International Monetary Fund
Page : 58 pages
File Size : 50,7 Mb
Release : 2010-03-16
Category : Business & Economics
ISBN : 9781589069305

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Creating Policy Space in Low-Income Countries during the Recent Crises by Mr.Paolo Dudine,Sibabrata Das,Ms.Pritha Mitra,Yongzheng Yang,Eteri Kvintradze,MissNkunde Mwase Pdf

Low-income countries were hit especially hard by sharp increases in world food and fuel prices in 2007-08 and the global financial crisis that followed. In response, the International Monetary Fund scaled up its financial assistance to low-income countries and revamped its concessional lending facilities to make them more flexible in meeting the diverse needs of these countries. Creating Policy Space in Low-Income Countries during the Recent Crises assesses empirically the outcome of the IMF response, and provides insight into how IMF-supported programs in low-income countries have been adapted to the changing economic circumstances in these countries. The authors report that these programs have provided expanded policy space in the face of the global price shocks and financial crisis.

IMF Macroeconomic Research on Low-Income Countries

International Monetary Fund
IMF Macroeconomic Research on Low Income Countries Book PDF

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 130 pages
File Size : 52,8 Mb
Release : 2004-01-30
Category : Business & Economics
ISBN : 1589062736

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IMF Macroeconomic Research on Low-Income Countries by International Monetary Fund Pdf

Summarizes the for ward-looking analytical work program on macroeconomic issues related to the Poverty Reduction Strategy Paper approach. The program is evolving through a process that began with a technical workshop; participants from low-income countries, donors, academia, and civil society drafted guidance on selected issues and identified priority research topics. Partners, policymakers, and economic scholars are encouraged to share their perspectives and findings through respective team leaders, whose e-mail addresses are provided. The publication also summarizes IMF analytical work, and contains a bibliography of nearly 1,000 papers.

Finance, Development, and the IMF

James M. Boughton,Domenico Lombardi
Finance Development and the IMF Book PDF

Author : James M. Boughton,Domenico Lombardi
Publisher : Oxford University Press
Page : 330 pages
File Size : 48,7 Mb
Release : 2009-06-25
Category : Business & Economics
ISBN : 9780199239863

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Finance, Development, and the IMF by James M. Boughton,Domenico Lombardi Pdf

An interdisciplinary collection of essays from leading academics and experts addressing how the IMF can support economic growth, poverty reduction, and macroeconomic stability in the world's poorest regions.

The Design of IMF-Supported Programs

Atish R. Ghosh
The Design of IMF Supported Programs Book PDF

Author : Atish R. Ghosh
Publisher : IMF
Page : 164 pages
File Size : 44,8 Mb
Release : 2005-09-20
Category : Business & Economics
ISBN : UCSC:32106018312014

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The Design of IMF-Supported Programs by Atish R. Ghosh Pdf

This publication contains a collection of papers which examine the design of IMF-supported programmes during the years 1995-2000 in both middle-income and low-income countries. The analysis covers objectives and outcomes, policy formulation and programme design, and experiences in relation to macroeconomic and structural policies.

Expenditure Conditionality in IMF-supported Programs

Mr.Sanjeev Gupta,Michela Schena,Mr.Reza Yousefi
Expenditure Conditionality in IMF supported Programs Book PDF

Author : Mr.Sanjeev Gupta,Michela Schena,Mr.Reza Yousefi
Publisher : International Monetary Fund
Page : 31 pages
File Size : 49,6 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).