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Quantitative appraisal of adjustment lending

Author

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  • Balassa, Bela

Abstract

This paper presents a quantitative analysis of adjustment programs in developing countries that received adjustment loans from the World Bank. Data have been provided for loan recipients and non-recipients in Sub-Saharan African, low-income, low-middle income, and upper-middle income countries. The results show that the relative position of loan recipients improved in three out of four country groupings in regard to per capita incomes, the exception being Sub-Saharan Africa. The quantitative appraisal thus points to the overall success of these programs. This conclusion is strengthened if use is made of weighted performance indicators. Weighting improves the relative performance of loan recipients in regard to practically all economic growth indicators.

Suggested Citation

  • Balassa, Bela, 1988. "Quantitative appraisal of adjustment lending," Policy Research Working Paper Series 79, The World Bank.
  • Handle: RePEc:wbk:wbrwps:79
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    Citations

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    Cited by:

    1. Amal Nagah Elbeshbishi, . "Evaluating the World Bank's Role in Supporting Structural Adjustment in Developing Countries With Special Reference to Egypt," Fordham Economics Dissertations, Fordham University, Department of Economics, number 2000.1.
    2. Riccardo Faini & Jaime De Melo & Abdelhak Senhadji & Julie Stanton, 2015. "Growth-Oriented Adjustment Programs: A Statistical Analysis," World Scientific Book Chapters, in: Developing Countries in the World Economy, chapter 5, pages 125-135, World Scientific Publishing Co. Pte. Ltd..
    3. Faini, Riccardo & De Melo, Jaime & Senhadji-Semlali, Abdel & Stanton, Julie, 1989. "Macro performance under adjustment lending," Policy Research Working Paper Series 190, The World Bank.
    4. Mosley, Paul & Subasat, Turan & Weeks, John, 1995. "Assessing adjustment in Africa," World Development, Elsevier, vol. 23(9), pages 1459-1473, September.

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