The Effect of IMF and World Bank Programmes on Poverty

William Easterly

No DP2001-102, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Structural adjustment, as measured by the number of adjustment loans from the IMF and World Bank, reduces the growth elasticity of poverty reduction. Growth does reduce poverty, but I find no evidence for a direct effect of structural adjustment on growth. Instead, the poor benefit less from output expansion in countries with many adjustment loans than in countries with few adjustment loans. By the same token, the poor suffer less from an output contraction in countries with many adjustment loans than in countries with few adjustment loans.

Keywords: Economic assistance and foreign aid; Econometric models (Economic development); Income distribution; International agencies; Poverty (search for similar items in EconPapers)
Date: 2001
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Citations: View citations in EconPapers (7)

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Working Paper: The Effect of IMF and World Bank Programmes on Poverty (2010)
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