The Economic Impact of IMF-Supported Programs in Low-Income Countries
Business & Finance, Economics, Public Finance, Finance & Investing, Banks & Banking, Macroeconomics
| Author: | Yasemin Bal-Gunduz, Christian Mr. Ebeke, Burcu Ms. Hacibedel, Linda Ms. Kaltani, Vera V Ms. Kehayova, Chris Mr. Lane, Christian Mr. Mumssen, Nkunde Mwase, Joseph Mr. Thornton | ISBN: | 9781475559033 |
| Publisher: | INTERNATIONAL MONETARY FUND | Publication: | October 4, 2013 |
| Imprint: | INTERNATIONAL MONETARY FUND | Language: | English |
| Author: | Yasemin Bal-Gunduz, Christian Mr. Ebeke, Burcu Ms. Hacibedel, Linda Ms. Kaltani, Vera V Ms. Kehayova, Chris Mr. Lane, Christian Mr. Mumssen, Nkunde Mwase, Joseph Mr. Thornton |
| ISBN: | 9781475559033 |
| Publisher: | INTERNATIONAL MONETARY FUND |
| Publication: | October 4, 2013 |
| Imprint: | INTERNATIONAL MONETARY FUND |
| Language: | English |
This paper aims to assess the economic impact of the IMFs support through its facilities for low-income countries. It relies on two complementary econometric analyses: the first investigates the longer-term impact of IMF engagement-primarily through successive medium-term programs under the Extended Credit Facility and its predecessors (and more recently the Policy Support Instrument)-on economic growth and a range of other indicators and socioeconomic outcomes; the second focuses on the role of IMF shock-related financing-through augmentations of Extended Credit Facility arrangements and short-term and emergency financing instruments-on short-term macroeconomic performance.
This paper aims to assess the economic impact of the IMFs support through its facilities for low-income countries. It relies on two complementary econometric analyses: the first investigates the longer-term impact of IMF engagement-primarily through successive medium-term programs under the Extended Credit Facility and its predecessors (and more recently the Policy Support Instrument)-on economic growth and a range of other indicators and socioeconomic outcomes; the second focuses on the role of IMF shock-related financing-through augmentations of Extended Credit Facility arrangements and short-term and emergency financing instruments-on short-term macroeconomic performance.
