- 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 Facility
Country Policy and Institutional Assessment
Extended Credit Facility
Extended Fund Facility
Emergency Natural Disaster Assistance
Emergency Post-Conflict Assistance
Enhanced Structural Adjustment Facility
Exogenous Shocks Facility
foreign direct investment
Generalized Evaluation Estimator
High Access Component
Heavily Indebted Poor Countries
Independent Evaluation Office
International Monetary Fund
Multilateral Debt Relief Initiative
official development assistance
Poverty Reduction and Growth Facility
Poverty Reduction and Growth Trust
Policy Support Instrument
Propensity Score Matching
Rapid Access Component
Rapid Credit Facility
Structural Adjustment Facility
Standby Credit Facility
Special Drawing Right
Systemic Transformation Facility