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Designing Monetary and Fiscal Policy in Low-Income Countries

Designing Monetary and Fiscal Policy in Low-Income Countries »

Series: Occasional Papers

Author(s): Jan Martijn , Gabriel Di Bella , Shamsuddin Tareq , Benedict Clements , and Abebe Aemro Selassie

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 July 2006

DOI: http://dx.doi.org/10.5089/9781589064966.084

ISBN: 9781589064966

Keywords: inflation, monetary fund, money growth, monetary policy

Macroeconomic outcomes in low-income countries (LICs) have improved markedly in recent years, but important questions remain regarding possible adjustments in the design of IMF-supported programs in such countries....

Back Matter

Back Matter »

Source: Designing Monetary and Fiscal Policy in Low-Income Countries

Series: Occasional Papers

Author(s): Jan Martijn , Gabriel Di Bella , Shamsuddin Tareq , Benedict Clements , and Abebe Aemro Selassie

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 July 2006

ISBN: 9781589064966

Keywords: inflation, monetary fund, money growth, monetary policy

Macroeconomic outcomes in low-income countries (LICs) have improved markedly in recent years, but important questions remain regarding possible adjustments in the design of IMF-supported programs in such countries....

Front Matter

Front Matter »

Source: Designing Monetary and Fiscal Policy in Low-Income Countries

Series: Occasional Papers

Author(s): Jan Martijn , Gabriel Di Bella , Shamsuddin Tareq , Benedict Clements , and Abebe Aemro Selassie

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 July 2006

ISBN: 9781589064966

Keywords: inflation, monetary fund, money growth, monetary policy

Macroeconomic outcomes in low-income countries (LICs) have improved markedly in recent years, but important questions remain regarding possible adjustments in the design of IMF-supported programs in such countries....

The ESAF at Ten Years
			: Economic Adjustment and Reform in Low-Income Countries

The ESAF at Ten Years : Economic Adjustment and Reform in Low-Income Countries »

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 1998

DOI: http://dx.doi.org/10.5089/9781557756930.051

ISBN: 9781557756930

Keywords: inflation, monetary fund, transition economies, structural adjustment, terms of trade

For over 10 years, the IMF has supported adjustment and reform programs in many of its low-income members through two facilities established specifically for that purpose - the Enhanced Structural Adjustment Facili...

I Introduction

I Introduction »

Source: Designing Monetary and Fiscal Policy in Low-Income Countries

Series: Occasional Papers

Author(s): Jan Martijn , Gabriel Di Bella , Shamsuddin Tareq , Benedict Clements , and Abebe Aemro Selassie

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 July 2006

ISBN: 9781589064966

Keywords: inflation, monetary fund, money growth, monetary policy

Macroeconomic outcomes in low-income countries have improved markedly in recent years. Reflecting improvements in policy implementation, increased official financial support, and a relatively benign internat...

I Overview

I Overview »

Source: The ESAF at Ten Years : Economic Adjustment and Reform in Low-Income Countries

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 1998

ISBN: 9781557756930

Keywords: inflation, monetary fund, transition economies, structural adjustment, terms of trade

For over 10 years, the IMF has supported adjustment and reform programs in many of its low-income members through two facilities established specifically for that purpose—the Enhanced Structural Adjustment F...

II Initial Conditions and the Setting for Adjustment

II Initial Conditions and the Setting for Adjustment »

Source: The ESAF at Ten Years : Economic Adjustment and Reform in Low-Income Countries

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 1998

ISBN: 9781557756930

Keywords: inflation, monetary fund, transition economies, structural adjustment, terms of trade

Before turning to the record of adjustment and reform undertaken in ESAF countries, it is useful to recall why countries embarked on this process, and what they hoped to achieve. This section looks first, in...

II Stylized Facts of PRGF-Supported Programs in Mature Stabilizers

II Stylized Facts of PRGF-Supported Programs in Mature Stabilizers »

Source: Designing Monetary and Fiscal Policy in Low-Income Countries

Series: Occasional Papers

Author(s): Jan Martijn , Gabriel Di Bella , Shamsuddin Tareq , Benedict Clements , and Abebe Aemro Selassie

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 July 2006

ISBN: 9781589064966

Keywords: inflation, monetary fund, money growth, monetary policy

PRGF-supported programs in the 15 mature stabilizers during 2000–03 have generally sought to consolidate macroeconomic stability and foster growth. By and large, growth outcomes have been in line with progra...

III Monetary Policy Issues in PRGF-Supported Programs

III Monetary Policy Issues in PRGF-Supported Programs »

Source: Designing Monetary and Fiscal Policy in Low-Income Countries

Series: Occasional Papers

Author(s): Jan Martijn , Gabriel Di Bella , Shamsuddin Tareq , Benedict Clements , and Abebe Aemro Selassie

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 July 2006

ISBN: 9781589064966

Keywords: inflation, monetary fund, money growth, monetary policy

As noted above, maintaining inflation in the low single digits is an important feature of PRGF-supported programs in the mature stabilizers. In general, programs sought to keep inflation in the 4–6 percent r...

III What Has Been Achieved?

III What Has Been Achieved? »

Source: The ESAF at Ten Years : Economic Adjustment and Reform in Low-Income Countries

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 1998

ISBN: 9781557756930

Keywords: inflation, monetary fund, transition economies, structural adjustment, terms of trade

Progress with regard to the strategy for adjustment and reform can be assessed both on the basis of policies implemented and outcomes achieved. The experience of SAF/ESAF-supported programs—and the countries...