Fiscal Adjustment in IMF-Supported Programs
Business & Finance, Economics, Money & Monetary Policy, Finance & Investing, Banks & Banking, Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy
| Author: | International Monetary Fund. Independent Evaluation Office | ISBN: | 9781452758428 |
| Publisher: | INTERNATIONAL MONETARY FUND | Publication: | November 17, 2003 |
| Imprint: | INTERNATIONAL MONETARY FUND | Language: | English |
| Author: | International Monetary Fund. Independent Evaluation Office |
| ISBN: | 9781452758428 |
| Publisher: | INTERNATIONAL MONETARY FUND |
| Publication: | November 17, 2003 |
| Imprint: | INTERNATIONAL MONETARY FUND |
| Language: | English |
Using a cross-country sample of 169 IMF-supported programs and detailed studies of 15 programs, this evaluation report examines various aspects of fiscal adjustment in IMF-supported programs. It presents evidence that does not support some critics’ view that IMF-supported programs typically adopt a one-size-fits-all approach to fiscal adjustment, nor the perception that programs always involve austerity by targeting reductions in public spending. The report also proposes a number of recommendations for IMF surveillance and program design in the future.
Using a cross-country sample of 169 IMF-supported programs and detailed studies of 15 programs, this evaluation report examines various aspects of fiscal adjustment in IMF-supported programs. It presents evidence that does not support some critics’ view that IMF-supported programs typically adopt a one-size-fits-all approach to fiscal adjustment, nor the perception that programs always involve austerity by targeting reductions in public spending. The report also proposes a number of recommendations for IMF surveillance and program design in the future.
