What determines the implementation of IMF-supported programs? /
Saved in:
Imprint: | [Washington, D.C.] : International Monetary Fund, ©2003. |
---|---|
Description: | 1 online resource (47 pages) : illustrations |
Language: | English |
Series: | IMF working paper, 2227-8885 ; WP/03/8 IMF working paper ; WP/03/8. |
Subject: | |
Format: | E-Resource Book |
URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12497295 |
Summary: | This paper assesses the implementation of IMF-supported programs using measures of program interruptions, compliance with conditionality, and the share of committed funds disbursed. The econometric model allows an evaluation of the importance for program implementation of political conditions in borrowing countries, IMF effort, conditionality, as well as initial and external conditions. The paper concludes that program implementation depends primarily on borrowing countries' domestic political economy. Strong special interests, political instability, inefficient bureaucracies, lack of political cohesion, and ethno-linguistic divisions weaken program implementation. IMF effort, the extent and structure of conditionality, and initial and external conditions do not materially influence program prospects. |
---|---|
Physical Description: | 1 online resource (47 pages) : illustrations |
Format: | Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. |
Bibliography: | Includes bibliographical references (pages 45-47). |
ISBN: | 1451890710 9781451890716 1281603848 9781281603845 1462323863 9781462323869 1452764433 9781452764436 9786613784537 6613784532 9781451842531 1451842538 |
ISSN: | 2227-8885 ; |