Give Trust a Chance—A Model of Trust in the Context of an IMF-Supported Program

Daouda Sembene

No 2007/042, IMF Working Papers from International Monetary Fund

Abstract: This paper is an attempt to identify the determinants of trust between country authorities and IMF staff in the context of an IMF-supported program. Using an outcomes-based definition of trust, a game-theoretic model is developed to compute the level of trust between the two parties. The results and the analysis of trust-related issues emerging in a program context suggest that trust between country authorities and IMF staff exerts a positive impact on the likelihood of program success through its ability to improve the quality of the design, the efficiency of negotiation, and the effectiveness of implementation of an IMF-supported program. Some initiatives to secure such benefits and enhance trust in staff are proposed.

Keywords: WP; IMF staff; staff's advice; program country; country authorities (search for similar items in EconPapers)
Pages: 30
Date: 2007-02-01
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