Creating policy space in low-income countries during the recent crises
By: Yongzheng Yang ... [et al]
Contributors: International Monetary Fund. Strategy, Policy, and Review Department
Publisher: International Monetary Fund
Published: 2009
Place of publication: Washington, D.C
Language: eng
Number of pages: 48
ISBN-13: 9781589069305
Subjects: Economic assistance; Conditionality (International relations); Monetary policy; Fiscal policy; International Monetary Fund
Description: Low-income countries were hit especially hard by sharp increases in world food and fuel prices in 2007-08 and the global financial crisis that followed. In response, the International Monetary Fund scaled up its financial assistance to low-income countries and revamped its concessional lending facilities to make them more flexible in meeting the diverse needs of these countries. This publication assesses empirically the outcome of the IMF response, and provides insight into how IMF-supported programs in low-income countries have been adapted to the changing economic circumstances in these countries. The authors report that these programs have provided expanded policy space in the face of the global price shocks and financial crisis.--Publisher's description.
Notes: "Strategy, Policy and Review Department."

Includes bibliographical references (p. 47-48).
Table of contents: title: Overview; title: Background; title: Responsiveness in macroeconomic policy design; title: Streamlining structural conditionality; title: Conclusions.