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

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 impact of IMF engagement—primarily through successive medium-term programs under the Extended Credit Facility and its predecessors (and more recently the Policy Support Instrument)—on economic growth and a range of other indicators and socioeconomic outcomes; the second focuses on the role of IMF shock-related financing—through augmentations of Extended Credit Facility arrangements and short-term and emergency financing instruments—on short-term macroeconomic performance.

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Author:
Yasemin Bal Gunduz
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Mr. Christian H Ebeke
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Ms. Burcu Hacibedel
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Ms. Linda Kaltani
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Ms. Vera V Kehayova
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Mr. Chris Lane
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Mr. Christian Mumssen
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Miss Nkunde Mwase
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Mr. Joseph Thornton
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Series:
Occasional Papers
Publisher:
International Monetary Fund
Language:
English
Publication Date:
04 Oct 2013
DOI:
https://doi.org/10.5089/9781484394717.084
ISBN:
9781484394717
ISSN:
0251-6365
Pages:
60
Keywords:
OP; IMF staff calculation; IMF engagement; IMF dummy; IMF support; IMF arrangement; Balance of payments need; Debt relief; Poverty reduction; Poverty reduction strategy; Current account balance; Global; Sub-Saharan Africa; IMF program support; IMF program engagement; program engagement
Legal-disclaimer:
The views expressed in this book are those of the authors and should not be reported as or attributed to the International Monetary Fund, its Executive Board, or the governments of any of its member countries.
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