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Quantitative appraisal of adjustment lending

Bela Balassa

No 79, Policy Research Working Paper Series from The World Bank

Abstract: This paper presents a quantitative analysis of adjustment programs in developing countries that received adjustment loans from the World Bank. Data have been provided for loan recipients and non-recipients in Sub-Saharan African, low-income, low-middle income, and upper-middle income countries. The results show that the relative position of loan recipients improved in three out of four country groupings in regard to per capita incomes, the exception being Sub-Saharan Africa. The quantitative appraisal thus points to the overall success of these programs. This conclusion is strengthened if use is made of weighted performance indicators. Weighting improves the relative performance of loan recipients in regard to practically all economic growth indicators.

Keywords: Economic Theory&Research; Environmental Economics&Policies; Financial Intermediation; Governance Indicators; Economic Stabilization (search for similar items in EconPapers)
Date: 1988-08-31
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