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The Economic Impact of IMF-Supported Programs in Low-Income Countries

by Burcu Hacibedel , Chris Lane , Christian Ebeke , Christian Mumssen , Joseph Thornton , Linda Kaltani , Nkunde Mwase , Vera V. Ms. Kehayova , Yasemin Bal-Gunduz

📖 The Scoop

This paper aims to assess the economic impact of the IMF’s support through its facilities for low-income countries. It relies on two complementary econometric analyses: the first investigates the longer-term impact of IMF engagement—primarily through successive medium-term programs under the Extended Credit Facility and its predecessors (and more recently the Policy Support Instrument)—on economic growth and a range of other indicators and socioeconomic outcomes; the second focuses on the role of IMF shock-related financing—through augmentations of Extended Credit Facility arrangements and short-term and emergency financing instruments—on short-term macroeconomic performance.

Genre: Business & Economics / Banks & Banking (fancy, right?)

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