Fiscal Adjustment in IMF-Supported Programs

Business & Finance, Economics, Money & Monetary Policy, Finance & Investing, Banks & Banking, Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy
Cover of the book Fiscal Adjustment in IMF-Supported Programs by International Monetary Fund. Independent Evaluation Office, INTERNATIONAL MONETARY FUND
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Author: International Monetary Fund. Independent Evaluation Office ISBN: 9781452758428
Publisher: INTERNATIONAL MONETARY FUND Publication: November 17, 2003
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: International Monetary Fund. Independent Evaluation Office
ISBN: 9781452758428
Publisher: INTERNATIONAL MONETARY FUND
Publication: November 17, 2003
Imprint: INTERNATIONAL MONETARY FUND
Language: English
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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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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