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

IMF Conditionality : Experience Under Stand-by and Extended Arrangements, Part I: Key Issues and Findings
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Series:
Occasional Papers
Author(s):
Louis Dicks-Mireaux, Miguel Savastano, Adam Bennett, María Carkovic S., Mauro Mecagni, James John, and Susan Schadler
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
September 1995
DOI:
http://dx.doi.org/10.5089/9781557754929.084
ISBN:
9781557754929
ISSN:
0251-6365
Page:
64
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.
Chapter

II The Setting for Adjustment: Initial Positions and Global Environment

Author(s):
Louis Dicks-Mireaux, Miguel Savastano, Adam Bennett, María Carkovic S., Mauro Mecagni, James John, and Susan Schadler
Published Date:
September 1995
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