IMF Conditionality: Experience Under Stand-by and Extended Arrangements, Part I: Key Issues and Findings

Louis Dicks-Mireaux, Miguel Savastano, Adam Bennett, María Carkovic S., Mauro Mecagni, James John and Susan Schadler

No 1995/009, IMF Occasional Papers from International Monetary Fund

Abstract: 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.

Keywords: OP; debt service; country; financing; IMF support; high-inflation country; fuel exporter; price liberalization; structural adjustment; Inflation; Real interest rates; Capital inflows; Exchange rate anchor; Fiscal consolidation; Europe; Global; Eastern Europe; Middle East; Western Hemisphere; Sub-Saharan Africa (search for similar items in EconPapers)
Pages: 64
Date: 1995-09-26
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