Abstract

To assess trade policy in Fund-supported programs,9 a review was conducted of all multiyear arrangements initiated and terminated between January 1990 and June 1996.10 The review examined trade reform targeted and implemented during the program period, and noted factors that influenced trade reform. This section first describes the methodology, then assesses the restrictiveness of countries’ trade regimes at the start of the program, the targeted change in restrictiveness envisaged, and the overall restrictiveness at the end of the program. It continues with a discussion of program targets, monitoring, overall results, and ambitiousness, and factors that influenced trade reform in the programs and some implications for program design.

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