IMF Conditionality: Experience Under Stand-by and Extended Arrangements, Part I: Key Issues and Findings

By Louis Dicks-Mireaux, Miguel A Savastano, Adam Bennett, María Vicenta Carkovic S., Mauro Mecagni, James A John, Susan M Schadler

September 26, 1995

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Louis Dicks-Mireaux, Miguel A Savastano, Adam Bennett, María Vicenta Carkovic S., Mauro Mecagni, James A John, and Susan M Schadler. IMF Conditionality: Experience Under Stand-by and Extended Arrangements, Part I: Key Issues and Findings, (USA: International Monetary Fund, 1995) accessed December 25, 2024

Summary

This paper is Part I of a two-volume study conducted as a part of the IMF's ongoing process of evaluating its lending facilities. It focuses on IMF-supported programs and macroeconomic performance during 1988-92, reflecting information available through the end of 1993. Part I provides an overview of the experiences during the arrangements reviewed: it describes the initial conditions faced in these countries, the adjustment strategies adopted, the degree to which programs were implemented, and the extent of sustained adjustment experienced.

Subject: Balance of payments, Capital inflows, Exchange rate anchor, Financial services, Fiscal consolidation, Fiscal policy, Inflation, Monetary policy, Prices, Real interest rates

Keywords: Capital inflows, Country, Debt service, Eastern Europe, Europe, Exchange rate anchor, Financing, Fiscal consolidation, Fuel exporter, Global, High-inflation country, IMF support, Inflation, Middle East, OP, Price liberalization, Real interest rates, Structural adjustment, Sub-Saharan Africa, Western Hemisphere

Publication Details

Pages:

64
Volume:

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DOI:

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Issue:

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Series:

Occasional Paper No. 1995/009
Stock No:

S128EA0000000
ISBN:

9781557754929
ISSN:

0251-6365

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