Occasional Papers

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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Format: Chicago

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 November 21, 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:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Occasional Paper No. 1995/009

  • Stock No:

    S128EA0000000

  • ISBN:

    9781557754929

  • ISSN:

    0251-6365

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