The Economic Impact of IMF-Supported Programs in Low-Income Countries

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Author/Editor: Yasemin Bal-Gunduz, Christian Ebeke, Burcu Hacibedel, Linda Kaltani, Vera V Kehayova, Chris Lane, Christian Mumssen, Nkunde Mwase, Joseph Thornton
Release Date: © October, 2013
ISBN : 978-1-48439-471-7
Stock #: S277EA
Stock Status: Available

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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.

More publications in this series: Occasional Papers

More publications by: Yasemin Bal-Gunduz ; Christian Ebeke ; Burcu Hacibedel ; Linda Kaltani ; Vera V Kehayova ; Chris Lane ; Christian Mumssen ; Nkunde Mwase ; Joseph Thornton