- International Monetary Fund
- Published Date:
- September 1987
Theoretical Aspects of the Design of Fund-Supported Adjustment Programs
A Study by the Research Department of the International Monetary Fund
International Monetary Fund
© International Monetary Fund, 1987
Reprinted March 1995
Theoretical aspects of the design of Fund-supported adjustment programs : a study / by the Research Department of the International Monetary Fund—Washington, D.C. : International Monetary Fund, 1987
v, 51 p. ; (Occasional paper ; no. 55)
“Originally prepared for a seminar of the Executive Board of the fund”—P. v.
Bibliography: p. 48–51.
1. International Monetary Fund—Developing countries. 2. Developing countries—Economic policy. 3. Economic stabilization—Developing countries. 4. Loans, Foreign—Developing countries, I. International Monetary Fund. Research Dept., II. Series: Occasional paper (International Monetary Fund) ; no. 55.
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The following symbols have been used throughout this paper:
… to indicate that data are not available;
— to indicate that the figure is zero or less than half the final digit shown, or that the item does not exist;
– between years or months (e.g., 1979–81 or January–June) to indicate the years or months covered, including the beginning and ending years or months;
/ between years (e.g., 1980/81) to indicate a crop or fiscal (financial) year.
“Billion” means a thousand million.
Minor discrepancies between constituent figures and totals are due to rounding.
This study was prepared in the Research Department of the International Monetary Fund. It was drafted by Michael P. Dooley, Morris Goldstein, Mohsin S. Khan, Malcolm D. Knight, Anthony Lanyi, Donald J. Mathieson, Peter J. Montiel, and Rudolf R. Rhomberg. The paper has benefited from comments by staff in other departments and was edited by Juanita Roushdy of the External Relations Department.
The paper was originally prepared for a seminar of the Executive Board of the Fund. In the seminar, Executive Directors expressed a broad range of views with regard to both the adequacy of the Fund’s approach to financial programming and the validity of the analysis presented in this paper. While the present version reflects comments and suggestions made by a number of Executive Directors, it would have been impossible to comprehend the entire range of their views. Consequently, the paper should be taken as expressing solely the views of its authors and not those of either Executive Directors or the Fund.