The Impact of IMF-Supported Programs on FDI in Low-income Countries

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Publisher : International Monetary Fund
ISBN 13 : 1513502344
Total Pages : 38 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis The Impact of IMF-Supported Programs on FDI in Low-income Countries by : Mr.Ali J Al-Sadiq

Download or read book The Impact of IMF-Supported Programs on FDI in Low-income Countries written by Mr.Ali J Al-Sadiq and published by International Monetary Fund. This book was released on 2015-07-16 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is common for IMF-supported adjustment programs with low-income member countries (LICs) to project that they will facilitate FDI inflows. The main objective of this paper is to empirically examine this hypothesis. Using an unbalanced panel dataset for 73 low-income countries over the period 1980–2012, and two different econometric methods that address the selection-bias problem, the empirical results robustly show that participating in IMF-supported program is associated with a significant increase in FDI inflows.

IMF-Supported Programs in Low Income Countries

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Publisher : International Monetary Fund
ISBN 13 : 1484359437
Total Pages : 64 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis IMF-Supported Programs in Low Income Countries by : Mr.Christian Mumssen

Download or read book IMF-Supported Programs in Low Income Countries written by Mr.Christian Mumssen and published by International Monetary Fund. This book was released on 2014-01-15 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the short and longer-term impact of IMF engagement in Low-Income Countries (LICs) over nearly three decades. In contrast to earlier studies, we focus on a sample composed exclusively of LICs and disentangle the different effects of IMF longer-term engagement and short-term financing using a propensity score matching approach to control for selection bias. Our results indicate that longer-term IMF support (at least five years of program engagement per decade) helped LICs sustain economic growth and boost resilience by building fiscal buffers. Interestingly, the size of IMF financing has no significant impact on economic growth, possibly pointing to the prominent role of IMF policy advice and institutional capacity building in the context of longer-term engagement. We also present evidence that the short-term IMF engagement through augmentations of existing programs or short-term and emergency facilities is positively associated with a wide range of macroeconomic outcomes. Notably, the IMF financial support has the greatest impact on short-term growth when LICs are faced with substantial macroeconomic imbalances or exogenous shocks.

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

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484394712
Total Pages : 60 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis The Economic Impact of IMF-Supported Programs in Low-Income Countries by : Yasemin Bal-Gunduz

Download or read book The Economic Impact of IMF-Supported Programs in Low-Income Countries written by Yasemin Bal-Gunduz and published by International Monetary Fund. This book was released on 2013-10-04 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

IMF-Supported Programs and Income Convergence in Low-Income Countries

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Publisher : International Monetary Fund
ISBN 13 : 1484386140
Total Pages : 37 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis IMF-Supported Programs and Income Convergence in Low-Income Countries by : Tejesh Pradhan

Download or read book IMF-Supported Programs and Income Convergence in Low-Income Countries written by Tejesh Pradhan and published by International Monetary Fund. This book was released on 2018-12-13 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: Continuing the empirical debate on the effects of IMF-supported programs on participating countries’ macroeconomic performance, we focus on the issue of whether these programs accelerate conditional ß-convergence among low-income countries (LICs). We use an unbalanced panel dataset for 85 LICs over the period 1986-2015 and employ two different econometric methods to address the selection bias problem. Our empirical results suggest that the rate of conditional income per capita convergence is faster among LICs with extended IMF support than that in countries without support or with intermittent support.

The Impact of IMF-Supported Programs on FDI in Low-Income Countries

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Publisher :
ISBN 13 :
Total Pages : 39 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis The Impact of IMF-Supported Programs on FDI in Low-Income Countries by : Ali Alsadiq

Download or read book The Impact of IMF-Supported Programs on FDI in Low-Income Countries written by Ali Alsadiq and published by . This book was released on 2015 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is common for IMF-supported adjustment programs with low-income member countries (LICs) to project that they will facilitate FDI inflows. The main objective of this paper is to empirically examine this hypothesis. Using an unbalanced panel dataset for 73 low-income countries over the period 1980-2012, and two different econometric methods that address the selection-bias problem, the empirical results robustly show that participating in IMF-supported program is associated with a significant increase in FDI inflows.

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

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Publisher :
ISBN 13 : 9781484386514
Total Pages : 0 pages
Book Rating : 4.3/5 (865 download)

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Book Synopsis The Economic Impact of IMF-Supported Programs in Low-Income Countries by : Yasemin Bal-Gunduz

Download or read book The Economic Impact of IMF-Supported Programs in Low-Income Countries written by Yasemin Bal-Gunduz and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

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

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Author :
Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781475559033
Total Pages : 60 pages
Book Rating : 4.5/5 (59 download)

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Book Synopsis The Economic Impact of IMF-Supported Programs in Low-Income Countries by : Yasemin Bal-Gunduz

Download or read book The Economic Impact of IMF-Supported Programs in Low-Income Countries written by Yasemin Bal-Gunduz and published by INTERNATIONAL MONETARY FUND. This book was released on 2013-10-04 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

FDI Flows to Low-Income Countries

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1455201154
Total Pages : 40 pages
Book Rating : 4.4/5 (552 download)

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Book Synopsis FDI Flows to Low-Income Countries by : International Monetary Fund

Download or read book FDI Flows to Low-Income Countries written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-06-01 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: What accounts for variations in FDI flows from advanced to developing countries? How have FDI inflows explained cross-country growth experiences? In this paper we tackle both these questions empirically for a large sample of middle and low-income countries. Two key results emerge: (i) lower borrowing costs and positive real-side external factors were increasingly important drivers of FDI outflows to low-income countries in the pre-crisis period; (ii) economic fundamentals, the strength of economic reforms, and commitment to macroeconomic discipline are crucial determinants of the growth dividends of FDI. Our paper suggests that low-income countries can turn to domestic policy solutions to mitigate the adverse effects of a potential decline in FDI in the post-crisis world.

Review of Facilities for Low-Income Countries - Supplement 1

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Publisher : International Monetary Fund
ISBN 13 : 1498340164
Total Pages : 38 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Review of Facilities for Low-Income Countries - Supplement 1 by : International Monetary Fund. Strategy, Policy, & Review Department

Download or read book Review of Facilities for Low-Income Countries - Supplement 1 written by International Monetary Fund. Strategy, Policy, & Review Department and published by International Monetary Fund. This book was released on 2012-07-26 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This supplement aims to assess the economic impact of the Fund’s support through its facilities for low-income countries (LICs). It relies on two complementary econometric analyses: the first investigates the longer-term impact of Fund engagement—primarily through successive medium-term programs under the Extended Credit Facility (ECF) and its predecessors (and more recently the Policy Support Instrument (PSI))—on economic growth and a range of other indicators and socio-economic outcomes; the second focuses on the role of IMF shock-related financing—through augmentations of ECF arrangements and short-term and emergency financing instruments—on short-term macroeconomic performance. The empirical results shed some light on two channels through which different Fund facilities may have helped LICs respond to the global financial crisis—(i) by supporting a gradual buildup of macroeconomic buffers in the decades prior to the crisis and (ii) by providing liquidity support at the height of the crisis. The combination of strong pre-crisis buffers and crisis financing allowed LICs to pursue counter-cyclical policy responses that preserved spending and facilitated a rapid recovery.

Do IMF-Supported Programs Catalyze Donor Assistance to Low-Income Countries?

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Publisher : International Monetary Fund
ISBN 13 : 149835193X
Total Pages : 33 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Do IMF-Supported Programs Catalyze Donor Assistance to Low-Income Countries? by : Yasemin Bal-Gunduz

Download or read book Do IMF-Supported Programs Catalyze Donor Assistance to Low-Income Countries? written by Yasemin Bal-Gunduz and published by International Monetary Fund. This book was released on 2014-11-12 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study explores whether IMF-supported programs in low-income countries (LICs) catalyze Official Development Assistance (ODA). Based on a comprehensive set of ODA measures and using Propensity Score Matching approach to address selection bias, we show that programs addressing policy or exogenous shocks have a significant catalytic impact on both the size and the modality of ODA. Moreover, the impact is greatest when LICs are faced with substantial macroeconomic imbalances or large shocks. Nevertheless, when countries attracting similar donor assistance before shocks are matched results for bilateral ODA turn insignificant, suggesting that the catalytic impact is attributed primarily to multilateral ODA.

Do IMF-Supported Programs Work? A Survey of the Cross-Country Empirical Evidence

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Publisher : International Monetary Fund
ISBN 13 : 1451858310
Total Pages : 29 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Do IMF-Supported Programs Work? A Survey of the Cross-Country Empirical Evidence by : International Monetary Fund

Download or read book Do IMF-Supported Programs Work? A Survey of the Cross-Country Empirical Evidence written by International Monetary Fund and published by International Monetary Fund. This book was released on 1998-12-01 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last two decades a number of cross-country empirical studies have been undertaken to assess whether IMF-supported adjustment programs have led to an improved balance of payments and current account balance, lower inflation, and higher growth. These studies use a variety of methodologies and cover different country samples and time periods. This paper critically surveys the evidence yielded by the cross-country studies, paying special attention to the pros and cons of the respective empirical methodologies employed. These studies, particularly the more recent ones, conclude that IMF-supported programs have generally been successful in stabilizing the economy.

IMF Macroeconomic Research on Low-Income Countries

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Publisher : International Monetary Fund
ISBN 13 : 9781589062733
Total Pages : 130 pages
Book Rating : 4.0/5 (627 download)

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Book Synopsis IMF Macroeconomic Research on Low-Income Countries by : International Monetary Fund

Download or read book IMF Macroeconomic Research on Low-Income Countries written by International Monetary Fund and published by International Monetary Fund. This book was released on 2004-01-30 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: Summarizes the for ward-looking analytical work program on macroeconomic issues related to the Poverty Reduction Strategy Paper approach. The program is evolving through a process that began with a technical workshop; participants from low-income countries, donors, academia, and civil society drafted guidance on selected issues and identified priority research topics. Partners, policymakers, and economic scholars are encouraged to share their perspectives and findings through respective team leaders, whose e-mail addresses are provided. The publication also summarizes IMF analytical work, and contains a bibliography of nearly 1,000 papers.

International Monetary Fund Annual Report 2019 Financial Statements

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Publisher : International Monetary Fund
ISBN 13 : 1513511726
Total Pages : 122 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis International Monetary Fund Annual Report 2019 Financial Statements by : International Monetary Fund

Download or read book International Monetary Fund Annual Report 2019 Financial Statements written by International Monetary Fund and published by International Monetary Fund. This book was released on 2019-10-04 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: The audited consolidated financial statements of the International Monetary Fund as of April 30, 2019 and 2018

Evolving Monetary Policy Frameworks in Low-Income and Other Developing Countries

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Publisher : International Monetary Fund
ISBN 13 : 1498344062
Total Pages : 74 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Evolving Monetary Policy Frameworks in Low-Income and Other Developing Countries by : International Monetary Fund

Download or read book Evolving Monetary Policy Frameworks in Low-Income and Other Developing Countries written by International Monetary Fund and published by International Monetary Fund. This book was released on 2015-10-23 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past two decades, many low- and lower-middle income countries (LLMICs) have improved control over fiscal policy, liberalized and deepened financial markets, and stabilized inflation at moderate levels. Monetary policy frameworks that have helped achieve these ends are being challenged by continued financial development and increased exposure to global capital markets. Many policymakers aspire to move beyond the basics of stability to implement monetary policy frameworks that better anchor inflation and promote macroeconomic stability and growth. Many of these LLMICs are thus considering and implementing improvements to their monetary policy frameworks. The recent successes of some LLMICs and the experiences of emerging and advanced economies, both early in their policy modernization process and following the global financial crisis, are valuable in identifying desirable features of such frameworks. This paper draws on those lessons to provide guidance on key elements of effective monetary policy frameworks for LLMICs.

Sudden Stops and IMF-Supported Programs

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 58 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Sudden Stops and IMF-Supported Programs by : Barry J. Eichengreen

Download or read book Sudden Stops and IMF-Supported Programs written by Barry J. Eichengreen and published by International Monetary Fund. This book was released on 2006-04 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: Could a high-access, quick-disbursing "insurance facility" in the IMF help to reduce the incidence of sharp interruptions in capital flows ("sudden stops")? We contribute to the debate on this question by analyzing the impact of conventional IMF-supported programs on the incidence of sudden stops. Correcting for the non-random assignment of programs, we find that sudden stops are fewer and generally less severe when an IMF arrangement exists and that this form of "insurance" works best for countries with strong fundamentals. In contrast there is no evidence that a Fund-supported program attenuates the output effects of capital account reversals if these nonetheless occur.

The Impact of IMF-Supported Programs on FDI in Low-income Countries

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513565737
Total Pages : 38 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis The Impact of IMF-Supported Programs on FDI in Low-income Countries by : Mr.Ali J Al-Sadiq

Download or read book The Impact of IMF-Supported Programs on FDI in Low-income Countries written by Mr.Ali J Al-Sadiq and published by International Monetary Fund. This book was released on 2015-07-16 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is common for IMF-supported adjustment programs with low-income member countries (LICs) to project that they will facilitate FDI inflows. The main objective of this paper is to empirically examine this hypothesis. Using an unbalanced panel dataset for 73 low-income countries over the period 1980–2012, and two different econometric methods that address the selection-bias problem, the empirical results robustly show that participating in IMF-supported program is associated with a significant increase in FDI inflows.

Finance, Development, and the IMF

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Author :
Publisher : OUP Oxford
ISBN 13 : 019923986X
Total Pages : 336 pages
Book Rating : 4.1/5 (992 download)

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Book Synopsis Finance, Development, and the IMF by : James M. Boughton

Download or read book Finance, Development, and the IMF written by James M. Boughton and published by OUP Oxford. This book was released on 2009-06-25 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: An interdisciplinary collection of essays from leading academics and experts addressing how the IMF can support economic growth, poverty reduction, and macroeconomic stability in the world's poorest regions.