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IMF Conditionality: Experience Under Stand-by and Extended Arrangements, Part I: Key Issues and Findings

Author

Listed:
  • Mr. Louis Dicks-Mireaux
  • Mr. Miguel A Savastano
  • Mr. Adam Bennett
  • Ms. María Vicenta Carkovic S.
  • Mr. Mauro Mecagni
  • Mr. James A John
  • Ms. Susan M Schadler

Abstract

This paper is Part I of a two-volume study conducted as a part of the IMF's ongoing process of evaluating its lending facilities. It focuses on IMF-supported programs and macroeconomic performance during 1988-92, reflecting information available through the end of 1993. Part I provides an overview of the experiences during the arrangements reviewed: it describes the initial conditions faced in these countries, the adjustment strategies adopted, the degree to which programs were implemented, and the extent of sustained adjustment experienced.

Suggested Citation

  • Mr. Louis Dicks-Mireaux & Mr. Miguel A Savastano & Mr. Adam Bennett & Ms. María Vicenta Carkovic S. & Mr. Mauro Mecagni & Mr. James A John & Ms. Susan M Schadler, 1995. "IMF Conditionality: Experience Under Stand-by and Extended Arrangements, Part I: Key Issues and Findings," IMF Occasional Papers 1995/009, International Monetary Fund.
    • Handle: RePEc:imf:imfops:1995/009
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    Citations

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    Cited by:

    1. Giulio Federico, 2001. "IMF Conditionality," Economics Papers 2001-W19, Economics Group, Nuffield College, University of Oxford, revised 01 Sep 2001.
    2. Giulio Federico, 2001. "IMF Conditionality," Economics Series Working Papers 2001-W19, University of Oxford, Department of Economics.
    3. Molly Bauer & Cesi Cruz & Benjamin Graham, 2012. "Democracies only: When do IMF agreements serve as a seal of approval?," The Review of International Organizations, Springer, vol. 7(1), pages 33-58, March.
    4. Ariel BUIRA, 2003. "An Analysis Of Imf Conditionality," G-24 Discussion Papers 22, United Nations Conference on Trade and Development.
    5. Bird, Graham & Hussain, Mumtaz & Joyce, Joseph P., 2004. "Many happy returns? Recidivism and the IMF," Journal of International Money and Finance, Elsevier, vol. 23(2), pages 231-251, March.
    6. Graham Bird & Dane Rowlands, 2000. "The catalyzing role of policy-based lending by the IMF and the World Bank: fact or fiction?," Journal of International Development, John Wiley & Sons, Ltd., vol. 12(7), pages 951-973.
    7. Easterly, William, 1999. "When is fiscal adjustment an illusion?," Policy Research Working Paper Series 2109, The World Bank.
    8. Arpac, Ozlem & Bird, Graham & Mandilaras, Alex, 2008. "Stop Interrupting: An Empirical Analysis of the Implementation of IMF Programs," World Development, Elsevier, vol. 36(9), pages 1493-1513, September.

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