IMF Lending and Poverty in Developing Countries

Makedonas Eleftherios (), Bellos Sotirios () and Turan Subasat ()
Additional contact information
Makedonas Eleftherios: University of Macedonia
Bellos Sotirios: University of Macedonia

Journal of Heterodox Economics, 2015, vol. 2, issue 2, 113-137

Abstract: An arduous debate has developed around the question of whether the multiple IMF’s ‘stabilization’ interventions in developing countries have actually met one of the most important of its initial programmatic goals, i.e., the provision of resources to members, with a view to eliminating temporary Balance of Payments maladjustments, avoiding at the same time destroying ‘national or international prosperity’. More importantly, there have been many voices claiming that these programs have rather accentuated poverty than alleviated it. We explore this claim both theoretically and empirically. Our results show an unequivocal negative relationship between IMF lending and poverty in the developing world.

Keywords: IMF; Monetarism; poverty; Human Development Index; Infant Mortality Rate (search for similar items in EconPapers)
JEL-codes: E51 E63 O19 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1515/jheec-2015-0015 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vrs:joheec:v:2:y:2015:i:2:p:113-137:n:2

DOI: 10.1515/jheec-2015-0015

Access Statistics for this article

Journal of Heterodox Economics is currently edited by Bogdan Dima

More articles in Journal of Heterodox Economics from Sciendo
Bibliographic data for series maintained by Peter Golla ().