Prolonged Use and Conditionality Failure: Investigating IMF Responsibility

Silvia Marchesi and Laura Sabani

No RP2006-11, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Since the 1970s, prolonged use of resources by the IMF has consistently expanded, among both low- and middle-income countries. Overall, this phenomenon suggests a lack of effectiveness of Fund supported programmes. In the literature conditional lending failure has been explained by looking both at the characteristics of the borrowing countries (demand-side factors) and at the possible influence of IMF specific interests (supply-side factors).

Keywords: Economic development; Economic policy; History of financial institutions; International agencies; Foreign loans (search for similar items in EconPapers)
Date: 2006
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Working Paper: Prolonged Use and Conditionality Failure: Investigating the IMF Responsibility (2005)
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