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Give Trust a Chance—A Model of Trust in the Context of an IMF-Supported Program

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  • Mr. Daouda Sembene

Abstract

This paper is an attempt to identify the determinants of trust between country authorities and IMF staff in the context of an IMF-supported program. Using an outcomes-based definition of trust, a game-theoretic model is developed to compute the level of trust between the two parties. The results and the analysis of trust-related issues emerging in a program context suggest that trust between country authorities and IMF staff exerts a positive impact on the likelihood of program success through its ability to improve the quality of the design, the efficiency of negotiation, and the effectiveness of implementation of an IMF-supported program. Some initiatives to secure such benefits and enhance trust in staff are proposed.

Suggested Citation

  • Mr. Daouda Sembene, 2007. "Give Trust a Chance—A Model of Trust in the Context of an IMF-Supported Program," IMF Working Papers 2007/042, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2007/042
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    References listed on IDEAS

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