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IMF lending is generally conditional on specified policies and outcomes. These conditions usually are negotiated compromises between policies initially favored by the Fund and by the country's authorities. In some cases the authorities might be satisfied enough with the outcome to take...
Persistent link: https://www.econbiz.de/10005826172
on the principles of South-South cooperation, focusing on mutual benefits without attachment of policy conditionality …
Persistent link: https://www.econbiz.de/10011142033
This paper uses the propensity matching score approach to assess the impact of the IMF’s debt limits policy (DLP) on borrowing behavior in countries eligible to borrow from its concessional lending window. The paper finds that countries under the DLP borrow significantly higher amounts of...
Persistent link: https://www.econbiz.de/10011142155
This paper studies whether revenue conditionality in Fund-supported programs had any impact on the revenue performance … of 126 low- and middle-income countries during 1993-2013. The results indicate that such conditionality had a positive … conditionality matters more for low-income countries, particularly those where revenue ratios are below the group average. Moreover …
Persistent link: https://www.econbiz.de/10011105400
with conditionality and loan size matter. …
Persistent link: https://www.econbiz.de/10011163126
Economic adjustment and reform programs, including those supported by international financial institutions (IFIs), must cope with informational asymmetries and special interest politics. This presents a particularly serious issue when IFIs make structural economic reforms a condition for...
Persistent link: https://www.econbiz.de/10005768733
the country's interests and circumstances into account and when conditionality results from a genuine process of …
Persistent link: https://www.econbiz.de/10005768796
Prior actions are measures that need to be implemented prior to Board approval of an IMFsupported program. This paper examines whether such prior actions can signal a willingness to implement reforms, especially when the member's track record is weak. We find some support for this signaling...
Persistent link: https://www.econbiz.de/10005768821
Does policy conditionality worsen domestic welfare, as governments are forced to attempt unpopular reforms resulting in … damaging protests, or does conditionality help implement reforms that otherwise would have been impossible? This paper analyzes …. Sufficiently conditioned aid can enhance the signaling power of reform announcements, thereby deterring protest and enabling reform …
Persistent link: https://www.econbiz.de/10005768864
Improving the effectiveness of financial assistance programs is a priority of international financial institutions (IFIs). This paper examines the effectiveness of alternative assistance instruments in a dynamic political economy framework. Economic policies of the receiving country are...
Persistent link: https://www.econbiz.de/10005769031