Download or read book Review of PRGF Program Design Overview written by International Monetary Fund. Policy Development and Review Dept. and published by International Monetary Fund. This book was released on 2005-08-08 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Part of the Fund’s periodic reviews of its policy advice to member countries, and responds to calls by Executive Directors for further staff analysis on improving the design of such programs. In the context of the recent discussions on the design of the broad range of Fund-supported programs, Directors also requested more in-depth analytical studies of disaggregated and homogenous groups, as well as a closer look at how progress towards external viability in low-income countries (LICs) can be improved. The review also seeks to address these requests.

Download or read book Review of PRGF Program Design written by Internationaler Währungsfonds and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Part of the Fund's periodic reviews of its policy advice to member countries, and responds to calls by Executive Directors for further staff analysis on improving the design of such programs. In the context of the recent discussions on the design of the broad range of Fund-supported programs, Directors also requested more in-depth analytical studies of disaggregated and homogenous groups, as well as a closer look at how progress towards external viability in low-income countries (LICs) can be improved. The review also seeks to address these requests.

Download or read book Review of Ex Post Assessments and Issues Relating to the Policy on Longer Term Program Engagement written by International Monetary Fund. Policy Development and Review Dept. and published by International Monetary Fund. This book was released on 2006-03-20 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: This review assesses the experience gained to date in carrying out the longer-term program engagement (LTPE) policy and preparing the ex post assessments (EPAs). It discusses the main characteristics of LTPE members and the findings of the EPAs, analyzes the role of the EPAs in the Fund’s due diligence, and provides recommendations for improving their effectiveness.

Download or read book Creating Policy Space Responsive Design and Streamlined Conditionality in Recent Low Income Country Programs written by International Monetary Fund. Strategy, Policy, & Review Department and published by International Monetary Fund. This book was released on 2009-09-09 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: An analysis of recent programs in low-income countries, covering countries with continuous program engagement with the IMF throughout the period 2007-09, shows that program design has been adapted to provide expanded policy space in response to the food and fuel price shocks of 2007-08 and to the global financial crisis that followed. The analysis also finds that structural conditionality in Fund-supported programs in low-income countries has become more streamlined, with a dominant focus on public sector resource management and accountability.

Download or read book Design of Fund Supported Programs Overview written by International Monetary Fund. Policy Development and Review Dept. and published by International Monetary Fund. This book was released on 2004-11-24 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: NULL

Download or read book Is the PRGF Living Up to Expectations written by Mr.Emanuele Baldacci and published by International Monetary Fund. This book was released on 2002-09-26 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: In late 1999 the IMF established the Poverty Reduction and Growth Facility (PRGF) to integrate the objectives of poverty reduction and growth more fully into its operations for the poorest countries, and to base these operations on national poverty reduction strategies prepared by the country with broad participation of key stakeholders. A review of the program would be conducted two years later. This paper synthesizes two papers prepared by IMF staff: Review of the Poverty Reduction and Growth Facility: Issues and Options, and Review of the Key Features of the Poverty Reduction and Growth Facility: Staff Analyses. The paper draws on a broad range of internal and external views gathered between July 2001 and February 2002, including discussions at regional forums, meetings with donor government officials and representatives of civil society organizations, and comments of key officials in member countries with PRGF arrangements.

Download or read book Finance Development and the IMF written by James M. Boughton and published by OUP Oxford. This book was released on 2009-06-25 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an assessment of the role of the International Monetary Fund in poor countries. In recent years, a large portion of the work of the IMF has focused on the economies of low-income countries by aiming to create conditions conducive to poverty reduction and stable economic growth. More than two fifths of the IMF's 185 members are low-income countries and many others have substantial pockets of poverty in their populations. Since economic development and the reduction of poverty are the most important economic challenges that these countries face, how can the IMF best help them? How can the imperative of macroeconomic and financial stability be reconciled with the requirements for sustained economic growth? This volume brings together the research of leading economists, political scientists, and historians to suggest ways for the IMF to address these issues effectively

Download or read book Review of the 2002 Conditionality Guidelines written by Mr.Tubagus Feridhanusetyawan and published by International Monetary Fund. This book was released on 2005-09-07 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper focuses on the fact that the 2004–2005 conditionality review expands to include a review of the application of the new Guidelines on Conditionality, adopted in 2002. These guidelines were the culmination of a comprehensive and far-reaching review of conditionality that aimed to enhance the effectiveness of IMF-supported programs. They represented the first revision of the IMF’s conditionality guidelines since 1979, and were developed by the IMF after seeking input from civil society and public forums held in several countries. This review comes at an early stage of experience with the new guidelines, and further evidence will be needed before definite conclusions can be drawn. The ultimate test of conditionality is whether it contributes to better economic outcomes, including over the medium term, and these cannot yet be gauged. Moreover, although this review draws in part on case studies, no substitute exists for cross-country analysis for identifying broad trends, and at this stage such analysis is hampered by small sample sizes.

Download or read book Creating Policy Space in Low Income Countries during the Recent Crises written by Mr.Paolo Dudine and published by International Monetary Fund. This book was released on 2010-03-16 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: Low-income countries were hit especially hard by sharp increases in world food and fuel prices in 2007-08 and the global financial crisis that followed. In response, the International Monetary Fund scaled up its financial assistance to low-income countries and revamped its concessional lending facilities to make them more flexible in meeting the diverse needs of these countries. Creating Policy Space in Low-Income Countries during the Recent Crises assesses empirically the outcome of the IMF response, and provides insight into how IMF-supported programs in low-income countries have been adapted to the changing economic circumstances in these countries. The authors report that these programs have provided expanded policy space in the face of the global price shocks and financial crisis.

Download or read book Review of the 2002 Conditionality Guidelines written by International Monetary Fund. Policy Development and Review Dept. and published by International Monetary Fund. This book was released on 2005-03-03 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: NULL

Download or read book The New Palgrave Dictionary of Economics written by and published by Springer. This book was released on 2016-05-18 with total page 7493 pages. Available in PDF, EPUB and Kindle. Book excerpt: The award-winning The New Palgrave Dictionary of Economics, 2nd edition is now available as a dynamic online resource. Consisting of over 1,900 articles written by leading figures in the field including Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. Regularly updated! This product is a subscription based product.

Download or read book Fiscal Adjustment for Stability and Growth written by Mr.James Daniel and published by International Monetary Fund. This book was released on 2006-08-17 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: The pamphlet (which updates the 1995 Guidelines for Fiscal Adjustment) presents the IMF’s approach to fiscal adjustment, and focuses on the role that sound government finances play in promoting macroeconomic stability and growth. Structured around five practical questions—when to adjust, how to assess the fiscal position, what makes for successful adjustment, how to carry out adjustment, and which institutions can help—it covers topics such as tax policies, debt sustainability, fiscal responsibility laws, and transparency.

Download or read book Fiscal Adjustment for Stability and Growth written by International Monetary Fund. Fiscal Affairs Dept. and published by International Monetary Fund. This book was released on 2006-01-27 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper aims to inform policymakers, and other interested parties, about the IMF’s approach to fiscal adjustment. The approach focuses on the role of sound and sustainable government finances in promoting macroeconomic stability and growth. Achieving, and maintaining, such a fiscal position often requires adjusting fiscal policy, as well as strengthening fiscal institutions. Fiscal adjustment may involve either tightening or loosening the fiscal stance, depending on individual country circumstances.

Download or read book Reflections on Quantitative Fiscal Conditionality in African PRGF Supported Programs written by Daria Zakharova and published by International Monetary Fund. This book was released on 2006-05 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: We survey quantitative fiscal conditionality in selected sub-Saharan African PRGFsupported programs, and assess the conditionality against some possible benchmarks and best practices. While noting many caveats, the paper suggests some possible scope for further attuning of this conditionality to countries' specific macro-fiscal situations. The paper also offers some suggestions on how quantitative fiscal conditionality might be further enhanced.

Download or read book Social Safeguards and Program Design in PRGT and PSI Supported Programs written by International Monetary Fund. Strategy, Policy, & Review Department and published by International Monetary Fund. This book was released on 2017-06-06 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Fund provides considerable support to low-income countries (LICs). This includes concessional financing from the Poverty Reduction and Growth Trust (PRGT), which currently carries an interest rate of zero percent. Since 2010, over half of Fund-supported arrangements have involved a PRGT facility. Support for poverty reduction is a core objective of arrangements supported by these facilities. This paper examines how PRGT-supported programs safeguard spending on poor and vulnerable groups within the broader framework of promoting inclusive growth. In some cases, national poverty reduction programs seek to shift expenditures toward social programs in the context of generally higher spending supported by domestic revenue mobilization, grants, or debt financing. In other cases, the goal is to safeguard poor and vulnerable groups from fiscal adjustment and reform measures that could adversely affect them by adopting countervailing policy measures to strengthen social safety nets. In discussing social safeguards, this paper focuses on how and if these objectives are reflected satisfactorily in the design of PRGT and PSI-supported programs. The effectiveness of social spending in improving social outcomes, including by durably reducing poverty, is beyond the scope of the paper.

Download or read book The IMF and Aid to Sub Saharan Africa written by International Monetary Fund. Independent Evaluation Office and published by International Monetary Fund. This book was released on 2007-04-13 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: This independent evaluation of the IMF’s role and performance in the determination and use of aid to low-income countries in sub-Saharan Africa is presented at a ground-level view. Country performance has improved in many sub-Saharan Africa countries over the period, and the report details the role of the IMF’s programs, as well as perceptions of that role. The report is an important contribution to following through on the IMF’s commitment to its Poverty Reduction Strategy and makes three main recommendations for improving the coherence—actual and perceived—of the IMF’s policies and actions relating to aid to sub-Saharan Africa going forward.

Download or read book Application of Structural Conditionality 2009 Annual Report written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2010-03-26 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: Motivation and approach. Last year’s major reforms of the Fund’s lending instruments, together with the commitment to treble its resources, made a significant contribution to global stabilization as Fund lending created room for policy accommodation and helped countries weather the worst of the crisis. While these reforms have yielded positive results, it is appropriate to ask—as the IMFC has—whether there is scope to build on this experience. This paper tries to answer this question, including by drawing on the lessons of the crisis, as perceived by policymakers, market participants, and academic observers, with whom Fund staff has consulted extensively. While every effort has been made to explore the pros and cons of various reform options neutrally, some options are clearly more evolutionary (e.g., those building on last year’s headline introduction of the Flexible Credit Line or FCL), while others are of a more radical nature (e.g., Fund provision of pure insurance payouts or collateralized lending). This paper focuses on the former, covering the latter set of ideas in a supplement. Once the Executive Board has had a chance to comment on all options, a more defined and specific set of proposals could be developed by staff for further consideration.