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Adjustment Programs in Africa
			: The Recent Experience

Adjustment Programs in Africa : The Recent Experience »

Series: Occasional Papers

Author(s): Saleh Nsouli , and Justin Zulu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 1985

DOI: http://dx.doi.org/10.5089/9781557750563.084

ISBN: 9781557750563

Keywords: current account, balance of payments, current account deficit, debt service, domestic credit

This paper reviews recent experience of African countries in the design and implementation of adjustment programs supported by use of Fund resources....

Republic of Latvia: Selected Issues

Republic of Latvia: Selected Issues »

Source: Republic of Latvia : Selected Issues

Volume/Issue: 2005/277

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 August 2005

ISBN: 9781451824568

Keywords: domestic credit, current account, credit growth, interest rates, interest

This Selected Issues paper seeks to determine the macroeconomic effects of credit growth in Latvia. To do so, the paper relies on two approaches. First, a vector autoregressive system consisting of domestic credit,...

Republic of Latvia: Selected Issues

Republic of Latvia: Selected Issues »

Source: Republic of Latvia : Selected Issues

Volume/Issue: 2005/277

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 August 2005

ISBN: 9781451824568

Keywords: domestic credit, current account, credit growth, interest rates, interest

This Selected Issues paper seeks to determine the macroeconomic effects of credit growth in Latvia. To do so, the paper relies on two approaches. First, a vector autoregressive system consisting of domestic credit,...

Barbados

Barbados »

Source: Barbados : Statistical Appendix

Volume/Issue: 1996/138

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 January 1997

ISBN: 9781451805949

Keywords: credit, central bank, domestic financing, current account, shares

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discuss...

Nepal

Nepal »

Source: Nepal : Recent Economic Developments

Volume/Issue: 1997/62

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 August 1997

ISBN: 9781451829860

Keywords: current account deficit, balance of payments, domestic credit, debt service, current account balance

This paper reviews economic developments in Nepal during 1990-97. With a new government coming to office in December 1994, progress on structural reforms stalled in 1994/95 and financial policies weakened. GDP grow...

I Introduction

I Introduction »

Source: Adjustment Programs in Africa : The Recent Experience

Series: Occasional Papers

Author(s): Saleh Nsouli , and Justin Zulu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 1985

ISBN: 9781557750563

Keywords: current account, balance of payments, current account deficit, debt service, domestic credit

This paper reviews recent experience of African countries in the design and implementation of adjustment programs supported by use of Fund resources. 1 The aggregate analysis cove...

II The Role of the Fund

II The Role of the Fund »

Source: Adjustment Programs in Africa : The Recent Experience

Series: Occasional Papers

Author(s): Saleh Nsouli , and Justin Zulu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 1985

ISBN: 9781557750563

Keywords: current account, balance of payments, current account deficit, debt service, domestic credit

In view of mounting economic and financial imbalances, a number of African countries worked closely with the Fund to design and carry out appropriate adjustment programs during 1980–81. 2...

III The Objectives of Programs

III The Objectives of Programs »

Source: Adjustment Programs in Africa : The Recent Experience

Series: Occasional Papers

Author(s): Saleh Nsouli , and Justin Zulu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 1985

ISBN: 9781557750563

Keywords: current account, balance of payments, current account deficit, debt service, domestic credit

The general objectives of adjustment programs supported by use of Fund resources are summarized in the Fund’s Articles of Agreement. These objectives include: To facilitate the expansio...

IV Instruments and Policy Design

IV Instruments and Policy Design »

Source: Adjustment Programs in Africa : The Recent Experience

Series: Occasional Papers

Author(s): Saleh Nsouli , and Justin Zulu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 1985

ISBN: 9781557750563

Keywords: current account, balance of payments, current account deficit, debt service, domestic credit

Although there is general agreement on the objectives, each program is designed differently. There is no such thing as a “typical” Fund-supported adjustment program, although many articles have been written...

V Performance Under Programs

V Performance Under Programs »

Source: Adjustment Programs in Africa : The Recent Experience

Series: Occasional Papers

Author(s): Saleh Nsouli , and Justin Zulu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 1985

ISBN: 9781557750563

Keywords: current account, balance of payments, current account deficit, debt service, domestic credit

Performance under programs is difficult to assess insofar as the assessment depends on the yardstick selected. Guitián (1981) discusses the problem in detail, focusing on three yardsticks: (1) the performanc...