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Adjustment for Growth
			: The African Experience

Adjustment for Growth : The African Experience »

Series: Occasional Papers

Author(s): Amor Tahari , M. Nowak , Michael Hadjimichael , and Robert Sharer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 October 1996

DOI: http://dx.doi.org/10.5089/9781557755667.084

ISBN: 9781557755667

Keywords: debt, interest, terms of trade, external debt, payments

Over the past two decades, sub-Saharan Africa has lagged behind other regions in economic performance. The important overall indicators of performance, however, mask wide differences among countries. On the whole,...

Back Matter

Back Matter »

Source: Adjustment for Growth : The African Experience

Series: Occasional Papers

Author(s): Amor Tahari , M. Nowak , Michael Hadjimichael , and Robert Sharer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 October 1996

ISBN: 9781557755667

Keywords: debt, interest, terms of trade, external debt, payments

Over the past two decades, sub-Saharan Africa has lagged behind other regions in economic performance. The important overall indicators of performance, however, mask wide differences among countries. On the whole,...

Front Matter

Front Matter »

Source: Adjustment for Growth : The African Experience

Series: Occasional Papers

Author(s): Amor Tahari , M. Nowak , Michael Hadjimichael , and Robert Sharer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 October 1996

ISBN: 9781557755667

Keywords: debt, interest, terms of trade, external debt, payments

Over the past two decades, sub-Saharan Africa has lagged behind other regions in economic performance. The important overall indicators of performance, however, mask wide differences among countries. On the whole,...

Chapter 2 Background

Chapter 2 Background »

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 were hard hit by massive increases in food and f...

Chapter 4: Characteristics of Prolonged Users

Chapter 4: Characteristics of Prolonged Users »

Source: Evaluation of Prolonged Use of IMF Resources

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2003

ISBN: 9781589062054

Keywords: balance of payments, current account, tax administration, external debt

1. This chapter describes some of the main characteristics of the prolonged users in terms of performance and key economic indicators and compares them with the characteristics of “temporary” users. Further...

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 8: Conclusions and Recommendations

Chapter 8: Conclusions and Recommendations »

Source: Evaluation of Prolonged Use of IMF Resources

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2003

ISBN: 9781589062054

Keywords: balance of payments, current account, tax administration, external debt

1. This chapter summarizes the main conclusions of this study on the extent of prolonged use, on the factors underlying it, and on its effects. We then make a number of specific recommendations designed to c...

Chapter 12: Evidence from Two Countries That “Graduated” from Prolonged Use

Chapter 12: Evidence from Two Countries That “Graduated” from Prolonged Use »

Source: Evaluation of Prolonged Use of IMF Resources

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2003

ISBN: 9781589062054

Keywords: balance of payments, current account, tax administration, external debt

Morocco 1. Morocco is one of the few recent prolonged users of IMF resources to have “graduated.” It had a series of nine arrangements between 1980 and 1993, 1...

Chapter 6: Influence of IMF Governance and Other Institutional Factors on Prolonged Use

Chapter 6: Influence of IMF Governance and Other Institutional Factors on Prolonged Use »

Source: Evaluation of Prolonged Use of IMF Resources

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2003

ISBN: 9781589062054

Keywords: balance of payments, current account, tax administration, external debt

1. In this chapter, we examine governance issues that are relevant to the phenomenon of prolonged use. These include institutional biases that can affect program design and contribute to prolonged use, inclu...

Chapter 1: Introduction

Chapter 1: Introduction »

Source: Evaluation of Prolonged Use of IMF Resources

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2003

ISBN: 9781589062054

Keywords: balance of payments, current account, tax administration, external debt

1. In recent years, the IMF has been at the center of an array of criticism concerning the adverse side effects of its interventions in the countries that it supports financially, the effectiveness of the ec...