IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Log in (now much improved!) to save this article

Recent Changes of IMF Conditionality and Its Effects on Social Spending

Listed author(s):
  • Gurgen OHANYAN

    ()

    (The Bucharest University of Economic Studies, Romania)

Registered author(s):

    The IMF programs have been long criticized for having adverse effects on social spending. Yet, on the onset of the global financial crisis, it has undergone majorchanges aiming at streamlining its conditionality by introducing novel arrangements and methods to safeguard spending on health and education. Thus, the paper seeks to reveal whether the reforms have been effective and produced real change of IMF conditionality through analysing primary documents, scholarly appraisals of IMF conditionality regarding social spending. Then, by applying “before-after” approach to the most recent database of monitoring of Fund arrangements, the article concludes that the IMF after 30 years of imposing neoliberal views through conditionality has achieved notable improvement, since it streamlined conditionality in non-core areas of its mandate and introduced measures to protect social spending in low-income countries.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL: http://rmci.ase.ro/no16vol5/04.pdf
    Download Restriction: no

    Article provided by Faculty of Management, Academy of Economic Studies, Bucharest, Romania in its journal REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT.

    Volume (Year): 16 (2015)
    Issue (Month): 5 (December)
    Pages: 591-602

    as
    in new window

    Handle: RePEc:rom:rmcimn:v:16:y:2015:i:5:p:591-602
    Contact details of provider: Postal:
    6 ROMANA PLACE, 70167 - BUCHAREST

    Phone: 0040-01-2112650
    Fax: 0040-01-3129549
    Web page: http://www.management.ase.ro/
    Email:


    More information through EDIRC

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

    as
    in new window


    1. Axel Dreher, 2009. "IMF conditionality: theory and evidence," Public Choice, Springer, vol. 141(1), pages 233-267, October.
    2. Peter B. Clark & Jacques J. Polak, 2004. "International Liquidity and the Role of the SDR in the International Monetary System," IMF Staff Papers, Palgrave Macmillan, vol. 51(1), pages 1-3.
    3. Rajan, Raghuram G. & Subramanian, Arvind, 2011. "Aid, Dutch disease, and manufacturing growth," Journal of Development Economics, Elsevier, vol. 94(1), pages 106-118, January.
    4. Benedict Clements & Sanjeev Gupta & Masahiro Nozaki, 2013. "What happens to social spending in IMF-supported programmes?," Applied Economics, Taylor & Francis Journals, vol. 45(28), pages 4022-4033, October.
    5. Joseph E. Stiglitz, 2004. "Capital-market Liberalization, Globalization, and the IMF," Oxford Review of Economic Policy, Oxford University Press, vol. 20(1), pages 57-71, Spring.
    6. Przeworski, Adam & Vreeland, James Raymond, 2000. "The effect of IMF programs on economic growth," Journal of Development Economics, Elsevier, vol. 62(2), pages 385-421, August.
    7. Kentikelenis, Alexander E. & Stubbs, Thomas H. & King, Lawrence P., 2015. "Structural adjustment and public spending on health: Evidence from IMF programs in low-income countries," Social Science & Medicine, Elsevier, vol. 126(C), pages 169-176.
    8. Graham Bird, 2001. "IMF Programmes: Is there a conditionality Laffer Curve?," World Economics, World Economics, Economic & Financial Publishing, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 2(2), pages 29-49, April.
    9. Mohsin S. Khan & Sunil Sharma, 2003. "IMF Conditionality and Country Ownership of Adjustment Programs," World Bank Research Observer, World Bank Group, vol. 18(2), pages 227-248.
    Full references (including those not matched with items on IDEAS)

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:rom:rmcimn:v:16:y:2015:i:5:p:591-602. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Marian Nastase)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.