Compliance with IMF Program Indicators and Growth in Transition Economies
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Summary:
This paper makes use of the IMF’s Database for Monitoring Fund Arrangements (MONA) to investigate whether transition countries that more successfully implement the conditionality of IMF programs tend to show a better performance on recovery and growth. It is not possible to determine a clear-cut relationship between the index that determines the level of compliance with structural benchmarks in IMF programs and growth. However, the paper finds a definite, positive relationship between the index of compliance with performance criteria and growth, even after controlling for the extent of stabilization of the transition countries.
Series:
Working Paper No. 2000/047
Subject:
Financial institutions Multilateral development institutions Structural reforms
English
Publication Date:
March 1, 2000
ISBN/ISSN:
9781451846638/1018-5941
Stock No:
WPIEA0472000
Pages:
28
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