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Economic Impact of IMF-Supported Programs in Low-Income Countries, edited by Yasemin Bal-Gunduz [and three others]

Label
Economic Impact of IMF-Supported Programs in Low-Income Countries, edited by Yasemin Bal-Gunduz [and three others]
Language
eng
Abstract
This paper aims to assess the economic impact of the IMF’s 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
Bibliography note
Includes bibliographical references
Illustrations
illustrations
Index
no index present
Literary Form
non fiction
Main title
Economic Impact of IMF-Supported Programs in Low-Income Countries
Nature of contents
bibliographydictionaries
Oclc number
867111395
Responsibility statement
edited by Yasemin Bal-Gunduz [and three others]
Series statement
Occasional Papers
Table Of Contents
Cover; Contents; Preface; Acronyms; 1. Overview; Figures; 1.1. Low-Income Countries: Number of Years of IMF-Supported Program Engagement, 1986-2011; 2. The Evolution of IMF Program Engagement; The Origins of IMF Engagement; 2.1. Number of Low-Income Countries with an IMF Facility in Place, and New Concessional Commitments; 2.2. Economic Performance of Low-Income Countries; 2.3. Economic Performance of ESAF and Non-ESAF Low-Income Countries, 1981-85; Boxes; 2.1. Debt Relief; 2.2. IMF Engagement in Georgia; Strengthened Focus on Poverty Reduction; 2.3. IMF Engagement in Rwanda2.4. IMF Program ConditionalityTables; 2.1. Evolution of Eligibility for IMF Concessional Financing; The Global Financial Crisis and the IMF's Response; 2.4. Real GDP Growth, 1980-2012; 2.5. Real Per Capita Growth and Fiscal Indicators; 2.2. Evolution of the IMF's Concessional Facilities; 3. The Impact of IMF Engagement in Low-Income Countries; 3.1. Summary of Literature on the Impact of IMF-Supported Programs, 2000-12; Impact of Longer-Term IMF Engagement in Low-Income Countries; 3.1. Changes in Average Decadal GDP Per Capita Growth and Poverty Gaps, 1986-20103.2. Impact of Longer-Term IMF Engagement on Economic Performance3.3. Determinants of Long-Term Real Per Capita GDP Growth; Impact of Short-Term IMF Financing in Low-Income Countries; Channels; 3.4. Results: Impact of Short-Term IMF Engagement by Propensity Score Matching; 3.1. IMF Engagement in Senegal; 3.2. IMF Engagement in Mozambique; 4. Lessons for Future IMF Engagement in Low-Income Countries; Financing; 4.1. Projected Number of Countries Eligible for Support under the Poverty Reduction and Growth Trust; Modalities4.2. Poverty Reduction and Growth Trust Average Annual Lending Commitments, 1988-2035Policy Challenges; Annex 1: Propensity Score Matching Methodology; Addressing Selection Bias-Alternative Approaches; Methodology; Specification of the Selection Model; A1.1. Determinants of Longer-Term IMF Engagement; A1.2. Demand for IMF Financing in Response to Policy and/or Exogenous Shocks; Annex 2: Panel Regression on the Determinants of Long-Term Growth; A2.1 Macroeconomic Conditions in Low-Income Countries across DecadesA2.2 Macroeconomic Conditions in Low-Income Countries across Decades and Country GroupingsA2.3. Changes in Macroeconomic Performance of Low-Income Countries; References
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