3. The Impact of IMF Engagement in Low-Income Countries
Author: Yasemin Bal Gunduz, Mr. Christian H Ebeke, Ms. Burcu Hacibedel, Ms. Linda Kaltani, Ms. Vera V Kehayova, Mr. Chris Lane, Mr. Christian Mumssen, Miss Nkunde Mwase, and Mr. Joseph Thornton
Language:
English
Keywords:
OP; IMF staff calculation; IMF engagement; IMF dummy; IMF support; IMF arrangement; Balance of payments need; Debt relief; Poverty reduction; Poverty reduction strategy; Current account balance; Global; Sub-Saharan Africa; IMF program support; IMF program engagement; program engagement

Abstract

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.

Cover The Economic Impact of IMF-Supported Programs in Low-Income Countries
The Economic Impact of IMF-Supported Programs in Low-Income Countries
Author: Yasemin Bal Gunduz, Mr. Christian H Ebeke, Ms. Burcu Hacibedel, Ms. Linda Kaltani, Ms. Vera V Kehayova, Mr. Chris Lane, Mr. Christian Mumssen, Miss Nkunde Mwase, and Mr. Joseph Thornton
ISBN:
9781484394717
ISSN:
0251-6365
Publication Date:
04 Oct 2013
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781484394717.084
Pages:
60

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