What can we know about the effects of IMF programmes?

Article Abstract:

A research was made with the use of country case studies on the effects of International Monetary Fund (IMF) programs in developing countries. Balance of payment (BOP) results have indicated that imports may have been reduced in the pre-program years even as these evidences suggest that IMF programs have resulted in a country's improved export performance. Countries that have been able to complete a program have attained large current account reductions and BOP deficits. Meanwhile, countries that had no previous IMF program incurred both investment and total absorption reductions.

Research, International relations, Developing countries, Economic geography

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Can the IMF help low-income countries? Experiences with its structural adjustment facilities

Article Abstract:

The IMF's report on its Structural Adjustment and Enhanced Structural Adjustment Facilities generally praises its achievements but, unfortunately, fails to convince because of contrary empirical evidence. Low-income countries have really not been served much by IMF's policies except in the area of foreign exchange constraints and trade movements. It is suggested that the IMF establish a semi-autonomous Evaluation Dept. to concentrate on performance evaluation to come up with more authentic results.

Evaluation

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Can the IMF help low-income countries: a reply

Article Abstract:

The IMF's evaluative report on the performance of its Structural Adjustment Facility and the Enhanced Structural Adjustment Facility should not be judged too harshly because of the difficulty involved in formulating the report. The evaluation entails a careful balancing of gathered information and weeding out of data of poor quality. Furthermore, the short period given for the preparation of the report as well as the complexity of policy issues involved contributed to the difficulty of the process.

Reports

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