- Yasemin Bal-Gunduz, Christian Ebeke, Burcu Hacibedel, Linda Kaltani, Vera Kehayova, Chris Lane, Christian Mumssen, Nkunde Mwase, and Joseph Thornton
- Published Date:
- October 2013
©2013 International Monetary Fund
Cover design: IMF Multimedia Services Division
Cataloging-in-Publication Data Joint Bank-Fund Library
The economic impact of IMF-supported programs in low-income countries / Yasemin Bal Gündüz … [et al.]. – Washington, D.C.: International Monetary Fund, 2013.
p.: col. ill., col. map ; cm.
Includes bibliographical references
Occasional papers series ; no. 277
1. International Monetary Fund – Developing countries. 2. Economic assistance – Developing countries. 3. Poverty – Developing countries. 4. Poverty – International cooperation. 5. Developing countries – Economic conditions. I. Bal-Gündüz, Yasemin. II. International Monetary Fund.
ISBN: 978-1-48439-471-7 (print)
ISBN: 978-1-47555-903-3 (ePub)
ISBN: 978-1-48438-651-4 (Mobipocket)
ISBN: 978-1-47553-701-7 (PDF)
Disclaimer: The views expressed in this book are those of the authors and should not be reported as or attributed to the International Monetary Fund, its Executive Board, or the governments of any of its member countries.
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This paper is based on studies that were conducted in 2012 and 2013 as part of the IMF’s review of its lending facilities aimed at low-income countries. The work was headed by Chris Lane and Christian Mumssen, with Yasemin Bal Gündüz, Christian Ebeke, and Linda Kaltani responsible for the econometric work and Joseph Thornton for much of the drafting. Burcu Hacibedel and Nkunde Mwase provided case studies, Vera Kehayova provided research assistance, and Merceditas San Pedro-Pribram finalized the text, figures, and tables. Hugh Bredenkamp provided overall supervision.
The authors are indebted to Dane Rowlands and Graham Bird for their helpful thoughts on the econometrics, as well as to numerous members of Fund departments for their detailed comments on the paper. David Einhorn edited the paper; Joanne Johnson and Michael Harrup of the Communications Department coordinated publication; and Jeremy Mark of the same department offered valuable assistance to the authors in navigating the publication process. The paper also builds upon previous work by IMF staff members on the role of the institution in low-income countries.
The opinions expressed in the paper are those of the authors, and do not necessarily reflect the views of national authorities, the IMF, or its Executive Directors.
Compensatory Financing FacilityCPIA
Country Policy and Institutional AssessmentECF
Extended Credit FacilityEFF
Extended Fund FacilityENDA
Emergency Natural Disaster AssistanceEPCA
Emergency Post-Conflict AssistanceESAF
Enhanced Structural Adjustment FacilityESF
Exogenous Shocks FacilityFDI
foreign direct investmentGEE
Generalized Evaluation EstimatorHAC
High Access ComponentHIPC
Heavily Indebted Poor CountriesIEO
Independent Evaluation OfficeIMF
International Monetary FundLICs
Multilateral Debt Relief InitiativeODA
official development assistancePRGF
Poverty Reduction and Growth FacilityPRGT
Poverty Reduction and Growth TrustPSI
Policy Support InstrumentPSM
Propensity Score MatchingRAC
Rapid Access ComponentRCF
Rapid Credit FacilitySAF
Structural Adjustment FacilitySBA
Standby Credit FacilitySDR
Special Drawing RightSTF
Systemic Transformation Facility