The Consistency between Long-term Development Objectives and Short-term Policy Instruments in Fund Activities

Vito Tanzi

Chapter 4 in From Adjustment to Development in Africa, 1994, pp 69-97 from Palgrave Macmillan

Abstract: Abstract The objectives of the International Monetary Fund are pursued through various activities that fall broadly under the categories of ‘surveillance’, financial programmes and technical assistance. In their evaluation of Fund activities, critics have often focused on financial programmes, ignoring the role that the Fund plays through its surveillance and technical assistance activities. This role has important implications however for longer-term objectives such as growth and poverty alleviation. This chapter describes these broader Fund activities, and argues that there is no conflict between the instruments that the organisation uses and longer-term development objectives, even though the Fund is, strictly speaking, not in the development business.

Keywords: Real Interest Rate; Public Spending; Adjustment Programme; Military Spending; Fiscal Deficit (search for similar items in EconPapers)
Date: 1994
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-23596-4_4

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DOI: 10.1007/978-1-349-23596-4_4

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