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Chapter 5 Conclusions

Chapter 5 Conclusions »

Source: Creating Policy Space in Low-Income Countries during the Recent Crises

Series: Departmental Papers / Policy Papers

Author(s): Paolo Dudine , Sibabrata Das , Pritha Mitra , Yongzheng Yang , Eteri Kvintradze , and Nkunde Mwase

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 March 2010

ISBN: 9781589069305

Keywords: Financial assistance, Fund-supported adjustment programs, Global Financial Crisis 2008-2009, Low-income developing countries, conditionality, structural conditionality, current account, balance of payments, debt sustainability

Over the past decade, since the advent of the PRGF, the Fund has sought to refocus its programs with LIC members. Macroeconomic policies, though still geared toward ensuring sustainability, were intended to...

Chapter 1 Overview

Chapter 1 Overview »

Source: Creating Policy Space in Low-Income Countries during the Recent Crises

Series: Departmental Papers / Policy Papers

Author(s): Paolo Dudine , Sibabrata Das , Pritha Mitra , Yongzheng Yang , Eteri Kvintradze , and Nkunde Mwase

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 March 2010

ISBN: 9781589069305

Keywords: Financial assistance, Fund-supported adjustment programs, Global Financial Crisis 2008-2009, Low-income developing countries, conditionality, structural conditionality, current account, balance of payments, debt sustainability

The IMF has been at the forefront in helping low-income countries (LICs) address the macroeconomic impact of the global food, fuel, and financial crises. LICs have been hard hit by massive increases in world...

Chapter 3 Responsiveness in Macroeconomic Policy Design

Chapter 3 Responsiveness in Macroeconomic Policy Design »

Source: Creating Policy Space in Low-Income Countries during the Recent Crises

Series: Departmental Papers / Policy Papers

Author(s): Paolo Dudine , Sibabrata Das , Pritha Mitra , Yongzheng Yang , Eteri Kvintradze , and Nkunde Mwase

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 March 2010

ISBN: 9781589069305

Keywords: Financial assistance, Fund-supported adjustment programs, Global Financial Crisis 2008-2009, Low-income developing countries, conditionality, structural conditionality, current account, balance of payments, debt sustainability

Addressing Shocks: The Strategic Approach IMF-supported programs are aimed at resolving balance of payments problems encountered by its member countries. Restoring external balance i...

Chapter 4 Streamlining Structural Conditionality

Chapter 4 Streamlining Structural Conditionality »

Source: Creating Policy Space in Low-Income Countries during the Recent Crises

Series: Departmental Papers / Policy Papers

Author(s): Paolo Dudine , Sibabrata Das , Pritha Mitra , Yongzheng Yang , Eteri Kvintradze , and Nkunde Mwase

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 March 2010

ISBN: 9781589069305

Keywords: Financial assistance, Fund-supported adjustment programs, Global Financial Crisis 2008-2009, Low-income developing countries, conditionality, structural conditionality, current account, balance of payments, debt sustainability

Policy Evolution The 1980s saw increased use of structural conditionality in Fund-supported programs. This was motivated by the view that structural reforms were essential to sustain...

13 Closing Statements

13 Closing Statements »

Source: Fifty Years After Bretton Woods : The Future of the IMF and the World Bank: Proceedings of a Conference held in Madrid, Spain, September 29-30, 1994

Series: Books

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 April 1995

ISBN: 9781557754875

Keywords: exchange rate, exchange rates, structural adjustment, world economy, adjustment programs

Jean-Claude Milleron I should like first to express my personal appreciation to the hosts and organizers of this conference. My only regret is that I may not be able to enjoy your on...

Creating Policy Space in Low-Income Countries during the Recent Crises

Creating Policy Space in Low-Income Countries during the Recent Crises »

Source: Creating Policy Space in Low-Income Countries during the Recent Crises

Series: Departmental Papers / Policy Papers

Author(s): Paolo Dudine , Sibabrata Das , Pritha Mitra , Yongzheng Yang , Eteri Kvintradze , and Nkunde Mwase

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 March 2010

ISBN: 9781589069305

Keywords: Financial assistance, Fund-supported adjustment programs, Global Financial Crisis 2008-2009, Low-income developing countries, conditionality, structural conditionality, current account, balance of payments, debt sustainability

Low-income countries were hit especially hard by sharp increases in world food and fuel prices in 2007-08 and the global financial crisis that followed. In response, the International Monetary Fund scaled up its fi...

Back Matter

Back Matter »

Source: Creating Policy Space in Low-Income Countries during the Recent Crises

Series: Departmental Papers / Policy Papers

Author(s): Paolo Dudine , Sibabrata Das , Pritha Mitra , Yongzheng Yang , Eteri Kvintradze , and Nkunde Mwase

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 March 2010

ISBN: 9781589069305

Keywords: Financial assistance, Fund-supported adjustment programs, Global Financial Crisis 2008-2009, Low-income developing countries, conditionality, structural conditionality, current account, balance of payments, debt sustainability

Low-income countries were hit especially hard by sharp increases in world food and fuel prices in 2007-08 and the global financial crisis that followed. In response, the International Monetary Fund scaled up its fi...

Creating Policy Space in Low-Income Countries during the Recent Crises

Creating Policy Space in Low-Income Countries during the Recent Crises »

Volume: 10

Series: Departmental Papers / Policy Papers

Author(s): Paolo Dudine , Sibabrata Das , Pritha Mitra , Yongzheng Yang , Eteri Kvintradze , and Nkunde Mwase

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 March 2010

DOI: http://dx.doi.org/10.5089/9781589069305.087

ISBN: 9781589069305

Keywords: Financial assistance, Fund-supported adjustment programs, Global Financial Crisis 2008-2009, Low-income developing countries, conditionality, structural conditionality, current account, balance of payments, debt sustainability

Low-income countries were hit especially hard by sharp increases in world food and fuel prices in 2007-08 and the global financial crisis that followed. In response, the International Monetary Fund scaled up its fi...

Development and Cultural Values in Sub-Saharan Africa

Development and Cultural Values in Sub-Saharan Africa »

Source: Finance & Development, December 1991

Volume/Issue: 28/4

Series: Finance & Development

Author(s): International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1991

ISBN: 9781451951790

Keywords: structural adjustment, terms of trade, structural adjustment facility, adjustment programs, enhanced structural adjustment facility

For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly...

The Economic Impact of IMF-Supported Programs in Low-Income Countries

The Economic Impact of IMF-Supported Programs in Low-Income Countries »

Series: Occasional Papers

Author(s): Yasemin Bal-Gunduz , Christian Ebeke , Burcu Hacibedel , Linda Kaltani , Vera Kehayova , Chris Lane , Christian Mumssen , Nkunde Mwase , and Joseph Thornton

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 October 2013

DOI: http://dx.doi.org/10.5089/9781484394717.084

ISBN: 9781484394717

Keywords: Economic growth, Emergency financing mechanism, Extended Credit Facility, Fund-supported adjustment programs, Low-income developing countries, balance of payments, debt relief, current account, external shocks, current account balance

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...