IMF Conditionality: Experience Under Stand-by and Extended Arrangements, Part I: Key Issues and Findings
( Occasional Papers )
Publication series ： Occasional Papers
Author： Mr. Louis Dicks-Mireaux Mr. Miguel A. Savastano Mr. Adam Bennett Ms. María Vicenta Carkovic S. Mr. Mauro Mecagni James John Ms. Susan Schadler
Publisher： INTERNATIONAL MONETARY FUND
Publication year： 1995
E-ISBN: 9781452771199
P-ISBN(Paperback): 9781557754929
Subject： F821.6 international monetary relations
Language： ENG
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Description
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.