The IMF’s Role in Low-Income Countries: Issues and Challenges

Domenico Lombardi

No 2005/177, IMF Working Papers from International Monetary Fund

Abstract: Drawing on recent research, this study elaborates on the role of the IMF in support of its lowincome members, pointing to the global character of the institution and to its superior ability-given its multilateral nature-to serve as a financial institution, an information provider, and a commitment device. The IMF assists low-income members through a range of activities that are normally bundled together, including lending, offering policy advice, and providing assistance with capacity building. The study reviews the features of IMF policies towards its low-income membership and points to the main challenges to their success.

Keywords: WP; IMF lending; PRGF country; IMF assistance; program design; IMF surveillance; member country (search for similar items in EconPapers)
Pages: 41
Date: 2005-09-01
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Citations: View citations in EconPapers (1)

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