Search for other papers by Mr. Adam Bennett in
Current site
Google Scholar
Search for other papers by Mr. Louis Dicks-Mireaux in
Current site
Google Scholar
Search for other papers by Mr. Miguel A Savastano in
Current site
Google Scholar
Search for other papers by Ms. María Vicenta Carkovic S. in
Current site
Google Scholar
Search for other papers by Mr. Mauro Mecagni in
Current site
Google Scholar
Search for other papers by Ms. Susan M Schadler in
Current site
Google Scholar
Search for other papers by Mr. James A John in
Current site
Google Scholar
Abstract
The IMF staff periodically carries out reviews of adjustment programs supported by IMF financial resources with the broad aim of evaluating the appropriateness of policies and the progress made toward sustainable economic conditions. The present review, which is part of this process, describes and assesses the design of programs supported during a recent period by the IMF’s stand-by and extended facilities—two windows through which the IMF lends at market-related interest rates subject to conditions that commit countries to implementing agreed-upon adjustment policies (a requirement known as “IMF conditionality”). The specific objectives of this study are to understand the nature and strength of the economic adjustment undertaken, whether adjustment strategies were appropriately tailored to the problems being addressed, and the extent of sustained improvement in macroeconomic performance.
International Monetary Fund Copyright © 2010-2025. All Rights Reserved.