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The Consistency between Long-term Development Objectives and Short-term Policy Instruments in Fund Activities

In: From Adjustment to Development in Africa

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  • Vito Tanzi

Abstract

The objectives of the International Monetary Fund are pursued through various activities that fall broadly under the categories of ‘surveillance’, financial programmes and technical assistance. In their evaluation of Fund activities, critics have often focused on financial programmes, ignoring the role that the Fund plays through its surveillance and technical assistance activities. This role has important implications however for longer-term objectives such as growth and poverty alleviation. This chapter describes these broader Fund activities, and argues that there is no conflict between the instruments that the organisation uses and longer-term development objectives, even though the Fund is, strictly speaking, not in the development business.

Suggested Citation

  • Vito Tanzi, 1994. "The Consistency between Long-term Development Objectives and Short-term Policy Instruments in Fund Activities," Palgrave Macmillan Books, in: Giovanni Andrea Cornia & Gerald K. Helleiner (ed.), From Adjustment to Development in Africa, chapter 4, pages 69-97, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-23596-4_4
    DOI: 10.1007/978-1-349-23596-4_4
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