IMF Conditionality: Experience Under Stand-by and Extended Arrangements, Part I: Key Issues and Findings
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.
Series:
Occasional Paper No. 1995/009
Subject:
Balance of payments Capital inflows Exchange rate anchor Financial services Fiscal consolidation Fiscal policy Inflation Monetary policy Prices Real interest rates
English
Publication Date:
September 26, 1995
ISBN/ISSN:
9781557754929/0251-6365
Stock No:
S128EA0000000
Pages:
64
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