Fiscal Adjustment in IMF-Supported Programs |
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| Contribution by:
| IMF Staff, |
| Editor:
| Selowsky, Marcelo
Ali Mansoor, Steve
Kayizzi Mugerwa, Ale |
| Series title: | Independent Evaluation Office Reports |
| ISBN: | 978-1-58906-274-0 |
| Publication Date: | Nov 2003 |
| Publisher: | International Monetary Fund
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| Book Format: | Paperback |
| List Price: | USD $20.00 |
Book Description:
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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...
More DescriptionUsing 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.