Title: Fund-supported adjustment programs and economic growth
Description: Indeed, it has been frequently argued that rather than fostering the growth of output, Fund programs then to cause a slowdown in economic activity, increased unemployment, and a general worsening of living standards. This paper addresses some aspects of this criticism and brings to bear the empirical evidence available in the literature on the subject, emphasizing the results for developing countries.
Subjects: Economic development projects, Economic policy, International Monetary Fund, International economic relations
Places: Developing countries