II Evolution of the IMF’s Social Policy Advice
Author:
Mrs. Ritha S. Khemani
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Mr. Sanjeev Gupta
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Mr. Calvin A McDonald
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Mr. Louis Dicks-Mireaux
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Marijn Verhoeven https://isni.org/isni/0000000404811396 International Monetary Fund

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Language:
English
Print Publication Date:
13 Jan 2000
Keywords:
OP; social policy; policy; implementation of social policies; IMF's social policy advice; IMF expertise; core list; IMF policy advice; CCA Task Force; World Bank list; HIV prevalence; Poverty reduction

Abstract

Sound economic policies favor both growth and the poor. The contribution of macroeconomic and structural reforms to long-run economic growth and poverty reduction is now well established. Research has demonstrated that low fiscal deficits and price stability promote economic growth,6 and economic growth is the most significant single element that contributes to poverty reduction.7 Macroeconomic adjustment generally benefits the poor.8 Dismantling product and factor market rigidities helps reduce poverty by increasing not only the supply of essential goods, but also the poor’s access to them.9 In addition, based on cross-country studies, there is increasing evidence that lower inflation also enhances income equality (Milanovic, 1994; Bulír and Gulde, 1995; Sarel, 1997; Bulír, 1998; and Guitán, 1998).

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Cover Social Issues in IMF-Supported Programs
Social Issues in IMF-Supported Programs
ISBN:
9781557758736
ISSN:
0251-6365
Publication Date:
13 Jan 2000
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781557758736.084
Pages:
39

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