The Economic Impact Of Imfsupported Programs In Lowincome Countries
Publisher: International Monetary Fund (IMF)
Published: 2013
Language: eng
Number of pages: 51
ISBN-13: 9781484394717
Description: 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.