The paper presents a detailed description of IMF and World Bank conditionality and tries to explain changes in this … World Bank conditionality as well as interruptions of IMF programs in the recipient countries. Compliance with World Bank … conditionality is lower in election years and pre- election years. Breakdowns of IMF programs are less likely in election years …

We analyse the effect of IMF and World Bank policies on the composite index of economic freedom by Gwartney et al … relationship between credits and programs of the IMF and economic freedom. …

In this paper we analyze whether IMF conditionality is exclusively designed in line with observable economic indicators … letters of intent from 38 countries from 4/1997-2/2003 reveals that the number of conditions on an IMF loan depends on a … borrowing country’s voting pattern in the UN general assembly. Closer US allies receive IMF loans with fewer conditions …

Using panel data for 106 countries in 1971-1997, we estimate generalized least squares regressions to explain IMF … higher the interest subsidy offered by the IMF. As for political business cycles, our evidence indicates that, even with a … considerable number of control variables, IMF credits in the more democratic recipient countries are larger in pre-election and …

simultaneously determined by the demand for, and supply of, IMF credit. A graphical analysis illustrates the comparative statics in …. The final section links the analysis of IMF conditionality with the literature on tied transfers in public economics and … develops some novel proposals for the reform of IMF conditionality. …

In theory, the IMF could influence economic growth via several channels, among them advice to policy makers, money … for 98 countries over the period 1970-2000 it analyzes whether IMF involvement influences economic growth in program … countries. Consistent with the results of previous studies, it is shown that IMF programs reduce growth rates when their …