Marchesi, Silvia; Bomprezzi, Pietro - 2022
This paper evaluates the effects of IMF programs at the firm level and considers the role of the financing constraint …, number, and scope of conditions. We find a positive effect of IMF programs on firms' sales growth, such that average sales … growth can be up to 30 percent higher in firms exposed to IMF programs, and such effect is persistent over time. Regarding …