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International Monetary Fund. Research Dept.

Rodney Ramcharan Economic adjustment programs supported by the IMF provide member countries with financing and policy advice to help them resolve both short-term balance of payments difficulties and longer term structural impediments to growth. Given the importance of these adjustment programs, a voluminous literature has evolved to assess their effectiveness. This research summary selectively surveys some of the empirical approaches used to evaluate IMF program effectiveness . IMF-supported programs are probably the institution’s most visible