Cover Fiscal Adjustment in IMF-Supported Programs
Fiscal Adjustment in IMF-Supported Programs
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Abstract

Using a cross-country sample of 169 IMF-supported programs and detailed studies of 15 programs, this evaluation report examines various aspects of fiscal adjustment in IMF-supported programs. It presents evidence that does not support some critics’ view that IMF-supported programs typically adopt a one-size-fits-all approach to fiscal adjustment, nor the perception that programs always involve austerity by targeting reductions in public spending. The report also proposes a number of recommendations for IMF surveillance and program design in the future.

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Author:
International Monetary Fund. Independent Evaluation Office
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Series:
Independent Evaluation Office Reports
Publisher:
International Monetary Fund
Language:
English
Publication Date:
17 Nov 2003
DOI:
https://doi.org/10.5089/9781589062740.017
ISBN:
9781589062740
ISSN:
2617-670X
Pages:
125
Keywords:
IEOR; IEO; spending; program; deficit; revenue; capital account crisis case; program projection; IMF-supported program; revenue shortfall; GDP growth; Fiscal consolidation; Fiscal stance; Government debt management; Sub-Saharan Africa
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