Macroeconomic and Structural Policies in Fund-Supported Programs - Review of Experience

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498330002
Total Pages : 66 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Macroeconomic and Structural Policies in Fund-Supported Programs - Review of Experience by : International Monetary Fund. Policy Development and Review Dept.

Download or read book Macroeconomic and Structural Policies in Fund-Supported Programs - Review of Experience written by International Monetary Fund. Policy Development and Review Dept. and published by International Monetary Fund. This book was released on 2004-11-24 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Fund-supported program is a package of envisaged policies which, combined with approved financing, is expected to achieve certain economic objectives such as fostering macroeconomic stability and orderly external adjustment, promoting growth and poverty reduction, and reducing vulnerability to future balance of payments problems or financial crises. This paper reviews experience with specific macroeconomic and structural policies intended to achieve these objectives.

Macroeconomic and Structural Policies in Fund-Supported Programs

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (132 download)

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Book Synopsis Macroeconomic and Structural Policies in Fund-Supported Programs by : Internationaler Währungsfonds

Download or read book Macroeconomic and Structural Policies in Fund-Supported Programs written by Internationaler Währungsfonds and published by . This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Fund-supported program is a package of envisaged policies which, combined with approved financing, is expected to achieve certain economic objectives such as fostering macroeconomic stability and orderly external adjustment, promoting growth and poverty reduction, and reducing vulnerability to future balance of payments problems or financial crises. This paper reviews experience with specific macroeconomic and structural policies intended to achieve these objectives.

IMF-Supported Programs

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Publisher : International Monetary Fund
ISBN 13 : 9781589063617
Total Pages : 184 pages
Book Rating : 4.0/5 (636 download)

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Book Synopsis IMF-Supported Programs by : Mr.Ashoka Mody

Download or read book IMF-Supported Programs written by Mr.Ashoka Mody and published by International Monetary Fund. This book was released on 2006-04-03 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research work by the IMF’s staff on the effectiveness of the country programs the organization supports, which has long been carried out, has intensified in recent years. IMF analysts have sought to “open up the black box” by more closely examining program design and implementation, as well as how these influence programs’ effectiveness. Their efforts have also focused on identifying the lending, signaling, and monitoring features of the IMF that may affect member countries’ economic performance. This book reports on a large portion of both the new and the continuing research. It concludes that IMF programs work best where domestic politics and institutions permit the timely implementation of the necessary measures and when a country is vulnerable to, but not yet in, a crisis. It points to the need for a wider recognition of the substantial diversity among IMF member countries and for programs to be tailored accordingly while broadly maintaining the IMF’s general principle of uniformity of treatment.

Review of Ex Post Assessments and Issues Relating to the Policy on Longer-Term Program Engagement

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Publisher : International Monetary Fund
ISBN 13 : 1498332900
Total Pages : 53 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Review of Ex Post Assessments and Issues Relating to the Policy on Longer-Term Program Engagement by : International Monetary Fund. Policy Development and Review Dept.

Download or read book Review of Ex Post Assessments and Issues Relating to the Policy on Longer-Term Program Engagement written by International Monetary Fund. Policy Development and Review Dept. and published by International Monetary Fund. This book was released on 2006-03-20 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: This review assesses the experience gained to date in carrying out the longer-term program engagement (LTPE) policy and preparing the ex post assessments (EPAs). It discusses the main characteristics of LTPE members and the findings of the EPAs, analyzes the role of the EPAs in the Fund’s due diligence, and provides recommendations for improving their effectiveness.

Design of Fund-Supported Programs - Overview

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Publisher : International Monetary Fund
ISBN 13 : 1498329985
Total Pages : 27 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Design of Fund-Supported Programs - Overview by : International Monetary Fund. Policy Development and Review Dept.

Download or read book Design of Fund-Supported Programs - Overview written by International Monetary Fund. Policy Development and Review Dept. and published by International Monetary Fund. This book was released on 2004-11-24 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: NULL

Review of the Experience with the Policy Support Instrument

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Publisher : International Monetary Fund
ISBN 13 : 1498335969
Total Pages : 27 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Review of the Experience with the Policy Support Instrument by : International Monetary Fund. Strategy, Policy, & Review Department

Download or read book Review of the Experience with the Policy Support Instrument written by International Monetary Fund. Strategy, Policy, & Review Department and published by International Monetary Fund. This book was released on 2009-04-06 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: This review is focused mainly on the implementation of the Policy Support Instrument (PSI) against the goals and expectations set out by the Executive Board. Some possible modifications to the PSI that have been considered by various stakeholders are also touched upon in the concluding section. This review was conducted in parallel with ongoing work on a new architecture of lending facilities for low-income countries (LIC). Based on the results of this review, the reform of LIC facilities is not expected to alter the case for the PSI as a complement to financing instruments.

IMF Staff Papers, Volume 49, No. 3

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Publisher : International Monetary Fund
ISBN 13 : 9781589061224
Total Pages : 260 pages
Book Rating : 4.0/5 (612 download)

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Book Synopsis IMF Staff Papers, Volume 49, No. 3 by : International Monetary Fund. Research Dept.

Download or read book IMF Staff Papers, Volume 49, No. 3 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2002-09-23 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper empirically investigates the monetary impact of banking crises in Chile, Colombia, Denmark, Japan, Kenya, Malaysia, and Uruguay during 1975–98. Cointegration analysis and error correction modeling are used to research two issues: (i) whether money demand stability is threatened by banking crises; and (ii) whether crises lead to structural breaks in the relation between monetary indicators and prices. Overall, no systematic evidence that banking crises cause money demand instability is found. The paper also analyzes inflation targeting in the context of the IMF-supported adjustment programs.

Crisis Program Review

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Publisher : International Monetary Fund
ISBN 13 : 1498344038
Total Pages : 74 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Crisis Program Review by : International Monetary Fund

Download or read book Crisis Program Review written by International Monetary Fund and published by International Monetary Fund. This book was released on 2015-09-11 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides an updated review of Fund-supported programs undertaken during the global financial crisis. It follows a series of previous reviews during 2009–12 that assessed program design and outcomes during the surge in Fund supported programs since 2008. The review covers experience during 2008–15 for 32 arrangements financed from the Fund's general resources account (GRA). It covers 27 countries for which arrangements were approved during September 2008–June 2013, with two years or more of program performance.

Structural Reforms and Macroeconomic Performance - Initial Considerations for the Fund

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498344119
Total Pages : 64 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Structural Reforms and Macroeconomic Performance - Initial Considerations for the Fund by : International Monetary Fund

Download or read book Structural Reforms and Macroeconomic Performance - Initial Considerations for the Fund written by International Monetary Fund and published by International Monetary Fund. This book was released on 2015-10-14 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Structural policies have become a prominent feature of today’s macroeconomic policy discussion. For many countries, lackluster economic growth and high unemployment cloud the outlook. With fewer traditional policy options, policymakers are increasingly focused on the complementary role of structural policies in promoting more durable job-rich growth. In particular, the G20 has emphasized the essential role of structural reforms in ensuring strong, sustainable and balanced growth. Against this backdrop, the 2014 Triennial Surveillance Review (TSR) called for further work to enhance the Fund’s ability to selectively provide more expert analysis and advice on structural issues, particularly where there is broad interest among member countries. The purpose of this paper is to engage the Board on staff’s post-TSR work toward strengthening the Fund’s capacity to analyze and, where relevant, offer policy advice on macro-relevant structural issues.

Growth and Adjustment in IMF-Supported Programs

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Publisher : International Monetary Fund
ISBN 13 : 1513594478
Total Pages : 116 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Growth and Adjustment in IMF-Supported Programs by : International Monetary Fund. Independent Evaluation Office

Download or read book Growth and Adjustment in IMF-Supported Programs written by International Monetary Fund. Independent Evaluation Office and published by International Monetary Fund. This book was released on 2021-09-09 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: This evaluation assesses how well IMF-supported programs helped to sustain economic growth while delivering adjustment needed for external viability over the period 2008–19. The evaluation finds that the Fund’s increasing attention to growth in the programs has delivered some positive results. Specifically, it does not find evidence of a consistent bias towards excessive austerity in IMF-supported programs. Indeed, programs have yielded growth benefits relative to a counterfactual of no Fund engagement and boosted post-program growth performance. Notwithstanding these positive findings, program growth outcomes consistently fell short of program projections. Such shortfalls imply less protection of incomes than intended, fuel adjustment fatigue and public opposition to reforms, and jeopardize progress towards external viability. The evaluation examines how different policy instruments were applied to support better growth outcomes while achieving needed adjustment. Fiscal policies typically incorporated growth-friendly measures but with mixed success. Despite some success in promoting reforms and growth, structural conditionalities were of relatively low depth and their potential growth benefits were not fully realized. Use of the exchange rate as a policy tool to support growth and external adjustment during programs was quite limited. Lastly, market debt operations were useful in some cases to restore debt sustainability and renew market access, yet sometimes were too little and too late to deliver the intended benefits. The evaluation concludes that the IMF should seek to further enhance program countries’ capacity to sustain activity while undertaking needed adjustment during the program and to enhance growth prospects beyond the program. Following this conclusion, the report sets out three recommendations aimed at strengthening attention to growth implications of IMF-supported programs, including the social and distributional consequences.

2011 Review of Conditionality and the Design of Fund-Supported Programs - Concept Note

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Author :
Publisher : International Monetary Fund
ISBN 13 : 149833945X
Total Pages : 8 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis 2011 Review of Conditionality and the Design of Fund-Supported Programs - Concept Note by : International Monetary Fund

Download or read book 2011 Review of Conditionality and the Design of Fund-Supported Programs - Concept Note written by International Monetary Fund and published by International Monetary Fund. This book was released on 2011-01-21 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Fund regularly assesses conditionality in IMF-supported programs, with the next formal review planned for 2011. This paper summarizes previous assessments of conditionality, outlines staff’s proposed approach to the forthcoming review, and seeks Directors’ early views on the approach.

Poverty and Social Impact Analysis

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451846347
Total Pages : 53 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Poverty and Social Impact Analysis by : Ms.Caroline M. Kende-Robb

Download or read book Poverty and Social Impact Analysis written by Ms.Caroline M. Kende-Robb and published by International Monetary Fund. This book was released on 2003-02-01 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of this paper is to present some early experiences of poverty and social impact analysis (PSIA) from the PRGF-supported programs in the African Department. The paper illustrates that many staff country reports have taken a first step toward PSIA by making more explicit the links between poverty and policies. Various examples highlight that even though relationships can be complex and analysis, as a result, may not be definitive, it is possible to assess some of the potential poverty effects even in countries with limited data, and therefore contribute to a more informed policy debate and design. The paper concludes that PSIA can help design policies that are more pro-poor, better define appropriate compensatory and complementary measures where appropriate, and support country ownership of reforms by promoting a public debate on trade-offs between policy choices. In light of this, the paper proposes that PRGF policy advice would benefit from more systematic PSIA and that staff country reports could report more on the potential policy trade-offs and poverty outcomes based on PSIA.

Follow Up on the Recommendations of the Independent Evaluation Office Report on Fiscal Adjustment in IMF-Supported Programs

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Publisher : International Monetary Fund
ISBN 13 : 1498330592
Total Pages : 8 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Follow Up on the Recommendations of the Independent Evaluation Office Report on Fiscal Adjustment in IMF-Supported Programs by : International Monetary Fund. Fiscal Affairs Dept.

Download or read book Follow Up on the Recommendations of the Independent Evaluation Office Report on Fiscal Adjustment in IMF-Supported Programs written by International Monetary Fund. Fiscal Affairs Dept. and published by International Monetary Fund. This book was released on 2004-10-02 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: NULL

The Design of IMF-Supported Programs

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 164 pages
Book Rating : 4.:/5 (321 download)

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Book Synopsis The Design of IMF-Supported Programs by : Atish R. Ghosh

Download or read book The Design of IMF-Supported Programs written by Atish R. Ghosh and published by International Monetary Fund. This book was released on 2005-09-20 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication contains a collection of papers which examine the design of IMF-supported programmes during the years 1995-2000 in both middle-income and low-income countries. The analysis covers objectives and outcomes, policy formulation and programme design, and experiences in relation to macroeconomic and structural policies.

The Modalities of Conditionality - Further Considerations

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Publisher : International Monetary Fund
ISBN 13 : 149832889X
Total Pages : 49 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis The Modalities of Conditionality - Further Considerations by : International Monetary Fund. Policy Development and Review Dept.

Download or read book The Modalities of Conditionality - Further Considerations written by International Monetary Fund. Policy Development and Review Dept. and published by International Monetary Fund. This book was released on 2002-08-01 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: NULL

Review of the 2002 Conditionality Guidelines

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498331769
Total Pages : 49 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Review of the 2002 Conditionality Guidelines by : International Monetary Fund. Policy Development and Review Dept.

Download or read book Review of the 2002 Conditionality Guidelines written by International Monetary Fund. Policy Development and Review Dept. and published by International Monetary Fund. This book was released on 2005-03-03 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: NULL

Conditionality in Evolving Monetary Policy Regimes

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498343694
Total Pages : 61 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Conditionality in Evolving Monetary Policy Regimes by : International Monetary Fund

Download or read book Conditionality in Evolving Monetary Policy Regimes written by International Monetary Fund and published by International Monetary Fund. This book was released on 2014-05-03 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: With single-digit inflation and substantial financial deepening, developing countries are adopting more flexible and forward-looking monetary policy frameworks and ascribing a greater role to policy interest rates and inflation objectives. While some countries have adopted formal inflation targeting regimes, others have developed frameworks with greater target flexibility to accommodate changing money demand, use of policy rates to signal the monetary policy stance, and implicit inflation targets.