The IMF’s Role in Low-Income Countries: Issues and Challenges

September 1, 2005

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Format: Chicago

Domenico Lombardi. The IMF’s Role in Low-Income Countries: Issues and Challenges, (USA: International Monetary Fund, 2005) accessed December 22, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

Drawing on recent research, this study elaborates on the role of the IMF in support of its lowincome members, pointing to the global character of the institution and to its superior ability-given its multilateral nature-to serve as a financial institution, an information provider, and a commitment device. The IMF assists low-income members through a range of activities that are normally bundled together, including lending, offering policy advice, and providing assistance with capacity building. The study reviews the features of IMF policies towards its low-income membership and points to the main challenges to their success.

Subject: Income inequality, Macro-fiscal framework, Poverty, Poverty reduction, Poverty reduction strategy

Keywords: IMF assistance, IMF lending, IMF surveillance, Member country, PRGF country, Program design, WP

Publication Details

Pages:

41
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2005/177
Stock No:

WPIEA2005177
ISBN:

9781451861969
ISSN:

1018-5941

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