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Global Risks and Collective Action Failures: What Can the International Community Do?

Otker-Robe, Inci - International Monetary Fund (IMF) - 2014

Abstract What do climate change, global financial crises, pandemics, and fragility and conflict have in common? They are all examples of global risks that can cross geographical and generational boundaries and whose mismanagement can reverse gains in development and jeopardize the well-being of...

Persistent link: https://www.econbiz.de/10010959476

Is Policy Ownership An Operational Concept?

Boughton, James M.; Mourmouras, Alex - International Monetary Fund (IMF) - 2002

IMF lending is generally conditional on specified policies and outcomes. These conditions usually are negotiated compromises between policies initially favored by the Fund and by the country's authorities. In some cases the authorities might be satisfied enough with the outcome to take...

Persistent link: https://www.econbiz.de/10005826172

The Political Economy of Conditional and Unconditional Foreign Assistance; Grants vs. Loan Rollovers

Mayer, Wolfgang; Mourmouras, Alex - International Monetary Fund (IMF) - 2004

Improving the effectiveness of financial assistance programs is a priority of international financial institutions (IFIs). This paper examines the effectiveness of alternative assistance instruments in a dynamic political economy framework. Economic policies of the receiving country are...

Persistent link: https://www.econbiz.de/10005769031

Overcoming Barriers to Reform:on Incentive-Compatible International Assistance

Mayer, Wolfgang; Mourmouras, Alex - International Monetary Fund (IMF) - 2007

International financial assistance (loans and grants) can potentially raise recipients' welfare in two ways, by affecting a direct resource transfer and by facilitating efficiency-enhancing reforms. In practice, barriers to reform limit the potential of assistance to deliver these two dividends....

Persistent link: https://www.econbiz.de/10005769075

Modeling Politics with Economics tools; A Critical Survey of the Literature

Olters, Jan-Peter - International Monetary Fund (IMF) - 2001

Whereas the economics discipline possesses a highly refined theoretical apparatus to analyze the effects of government behaviour on the economy, it has not (yet) managed to fully develop a positively formulated "economic theory of politics" that would permit the integration of the...

Persistent link: https://www.econbiz.de/10005605269

Liberia; Interim Poverty Reduction Strategy Paper

International Monetary Fund (IMF); International … - 2007

Liberiaâ€™s Interim Poverty Reduction Strategy (iPRS) sets out the emerging process and framework for recovery and reconstruction in the context of post-conflict Liberia. The iPRSP sets out the national socio-economic context, the preparatory process, dimensions of the emerging policy,...

Persistent link: https://www.econbiz.de/10011243129

Trust As a Means of Improving Corporate Governance and Efficiency

Chami, Ralph; Fullenkamp, Connel - International Monetary Fund (IMF) - 2002

Agency problems within the firm are a significant hindrance to efficiency. We propose trust between coworkers as a superior alternative to the standard tools used to mitigate agency problems: increased monitoring and incentive-based pay. We show how trust induces employees to work harder,...

Persistent link: https://www.econbiz.de/10005826212

Conditional Lending Under Altruism

Mourmouras, Alex; Rangazas, Peter - International Monetary Fund (IMF) - 2004

We analyze how the altruism of an international financial institution (IFI) towards its lowincome member countries …. Thus, IFI altruism and the inability to commit are sufficient reasons to equip loans with conditions. Conditional loans … produce an efficient allocation of resources, so altruism is not a fundamental reason that loans fail to increase welfare. …

Persistent link: https://www.econbiz.de/10005604948

Republic of Tajikistan; Poverty Reduction Strategy Paper

International Monetary Fund (IMF); International … - 2009

The Poverty Reduction Strategy Paper discusses socioeconomic development in the Republic of Tajikistan. Although poverty reduction in rural areas is proceeding at a faster pace than in urban areas, poverty continues to be a predominantly rural phenomenon. In addition to improving the gender...

Persistent link: https://www.econbiz.de/10011244161

Kingdom of Lesotho; Poverty Reduction Strategy Paper, Prioritization, and Cost Matrix

International Monetary Fund (IMF); International … - 2006

This Poverty Reduction Strategy Paper for the Kingdom of Lesotho presents a determined plan in pursuance of high and sustainable equity-based economic growth. It contains medium-term objectives and strategies to address the major challenges facing the country. These challenges include employment...

Persistent link: https://www.econbiz.de/10011244168

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