Front Matter

Front Matter

Louis Dicks-Mireaux, Miguel Savastano, Adam Bennett, María Carkovic S., Mauro Mecagni, James John, and Susan Schadler
Published Date:
September 1995
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    © 1995 International Monetary Fund

    Cataloging-in-Publication Data

    IMF conditionally : experience under stand-by and extended arrangements / Susan Schadler … [et al.].—Washington, D.C. : International Monetary Fund, [1995]

    2 v. cm.—(Occasional Paper, ISSN 0251-6365 ; 128-129)

    Contents: pt. 1. Key issues and findings—pt. 2. Background papers.

    ISBN 1-55775-492-6 (pt. 1)

    ISBN 1-55775-500-0 (pt. 2)

    1. International Monetary Fund. 2. International finance.

    3. Structural adjustment (Economic policy)—Developing countries.

    I. Schadler, Susan. II. Series: Occasional paper (International Monetary Fund); no. 128-129.

    HG38815. 15814 1995

    Price: US$15. 00

    (US$12.00 to full-time faculty members and students at universities and colleges)

    Please send orders to: International Monetary Fund, Publication Services

    700 19th Street, N.W., Washington, D.C. 20431, U.S.A.

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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., 1991-92 or January-June) to indicate the years or months covered, including the beginning and ending years or months;
    • / between years (e.g., 1991/92) to indicate a crop or fiscal (financial) year.

    “Billion” means a thousand million.

    Minor discrepancies between constituent figures and totals are due to rounding.

    The term “country,” as used in this paper, does not in all cases refer to a territorial entity that is a state as understood by international law and practice; the term also covers some territorial entities that are not states, but for which statistical data are maintained and provided internationally on a separate and independent basis.

    As used in this paper, the country names Czechoslovakia and Yugoslavia refer to the former Czech and Slovak Federal Republic and the former Socialist Federal Republic of Yugoslavia.


    This is Part I of a two-volume study conducted as 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 (Occasional Paper No. 129) presents detailed examinations of selected policy issues in five background papers. The authors are indebted to numerous colleagues throughout the IMF for detailed comments on the papers, to Kirsten Fitchett for research assistance, and to Olivia Carolin for secretarial assistance. They wish to thank J.R. Morrison of the External Relations Department, who edited the manuscripts and coordinated production of the publications. Part I of the study was typeset by Alicia Elchebarne-Bourdin. The opinions expressed in the papers are those of the authors and do not necessarily reflect the views of the IMF or of its Executive Directors.

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