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

Author

Listed:
  • Yasemin Bal Gunduz
  • Mr. Christian H Ebeke
  • Ms. Burcu Hacibedel
  • Ms. Linda Kaltani
  • Ms. Vera V Kehayova
  • Mr. Chris Lane
  • Mr. Christian Mumssen
  • Miss Nkunde Mwase
  • Mr. Joseph Thornton

Abstract

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.

Suggested Citation

  • Yasemin Bal Gunduz & Mr. Christian H Ebeke & Ms. Burcu Hacibedel & Ms. Linda Kaltani & Ms. Vera V Kehayova & Mr. Chris Lane & Mr. Christian Mumssen & Miss Nkunde Mwase & Mr. Joseph Thornton, 2013. "The Economic Impact of IMF-Supported Programs in Low-Income Countries," IMF Occasional Papers 2013/003, International Monetary Fund.
    • Handle: RePEc:imf:imfocp:2013/003
    as

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