Summary of Financial Programs1
(In percentage points, end-of-period data)
|Difference Between Outturns and Targets|
|Contribution to broad money growth|
|Of net credit to the government||Of net domestic assets||Of net foreign assets||Broad money||Actual Broad Money Growth|
|All countries excluding Central Europe||0.5||0.8||5.5||6.3||20.3|
|Of which: initial inflation over 10 percent||–1.1||–0.7||9.2||8.5||29.2|
|Countries with several previous arrangements2||1.8||4.9||5.0||9.9||25.1|
|Countries with one previous arrangement3||–1.9||–3.4||6.7||3.4||12.5|
|Central European countries||10.6||14.8||7.0||21.9||42.1|
Averages for annual financial programs. Positive numbers indicate excesses over targets. Excluding Argentina, Guyana, and Zaire (because of problems in the data), and the six countries ineligible for any purchases after approval.
Costa Rica, Côte d’lvoire, Ecuador, Haiti, Jamaica, Mexico, Mali, Morocco, and the Philippines.
Algeria, Egypt, Gabon, Nigeria, and Tunisia.
Cameroon, El Salvador, Honduras, Jordan, Pakistan, Papua New Guinea, Trinidad and Tobago, and Venezuela.
Bulgaria, Czechoslovakia, Hungary, Poland, and Romania.