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The Incidence and Effectiveness of Prior Actions in IMF-Supported Programs
Ramakrishnan, Uma; Thomas, Alun H. - International Monetary Fund (IMF) - 2006
Prior actions are measures that need to be implemented prior to Board approval of an IMFsupported program. This paper examines whether such prior actions can signal a willingness to implement reforms, especially when the member's track record is weak. We find some support for this signaling...
Persistent link: https://www.econbiz.de/10005768821
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How Does Conditional Aid (Not) Work?
Ramcharan, Rodney - International Monetary Fund (IMF) - 2002
Does policy conditionality worsen domestic welfare, as governments are forced to attempt unpopular reforms resulting in damaging protests, or does conditionality help implement reforms that otherwise would have been impossible? This paper analyzes these questions. Using a game-theoretic...
Persistent link: https://www.econbiz.de/10005768864
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Do IMF-Supported Programs Help Make Fiscal Adjustment More Durable?
Moon, Soojin; Bulir, Ales - International Monetary Fund (IMF) - 2003
This paper investigates fiscal developments in 112 countries during the 1990s. It finds that, while the overall fiscal balance improved in most of them, the composition of this improvement differed. In nonprogram countries, revenues increased modestly and expenditure declined sharply, while in...
Persistent link: https://www.econbiz.de/10005263802
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Morocco; 2005 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Morocco
International Monetary Fund (IMF); International … - 2005
This 2005 Article IV Consultation highlights that economic growth in Morocco has been volatile and insufficient to significantly reduce poverty and unemployment. Growth averaged 3 percent over the last decade. It has been volatile because of the dependency of agriculture on rainfalls. In 2004,...
Persistent link: https://www.econbiz.de/10005824903
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Lebanon; Report on Interim Staff Visit
International Monetary Fund (IMF); International … - 2004
This Report on the Interim IMF Staff Visit to Lebanon provides information on economic and policy developments since the Article IV discussions of February–March 2004. It updates the IMF staff’s projections, medium-term framework, and related Debt Sustainability Analysis. All...
Persistent link: https://www.econbiz.de/10005825508
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How Does Privatization Work? Ownership Concentration and Enterprise Performance in Ukraine
Pivovarsky, Alexander - International Monetary Fund (IMF) - 2001
This paper investigates the relationship between ownership concentration and enterprise performance in Ukraine. Using … data on 376 medium and large enterprises, it finds that ownership concentration is positively associated with enterprise …, privatization methods had a lasting effect on ownership structure in Ukraine. …
Persistent link: https://www.econbiz.de/10005826048
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Foreign Direct Investment and Structural Reforms; Evidence From Eastern Europe and Latin America
Kinoshita, Yuko; Campos, Nauro F. - International Monetary Fund (IMF) - 2008
This paper investigates the role of structural reforms -financial reforms, trade liberalization, and privatization- as … financial liberalization and privatization. These results are robust to different measures of reforms, split samples, and …
Persistent link: https://www.econbiz.de/10005826274
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From the Front Lines At Seoul Bank; Restructuring and Reprivatization
Kang, Chungwon - International Monetary Fund (IMF) - 2003
Soon after Korea agreed to an IMF-supported program, Seoul Bank and Korea First Bank were nationalized through an injection of public funds by the government. The two banks were singled out early in the IMF-supported program to be sold to foreign investors. Korea First Bank was sold to foreign...
Persistent link: https://www.econbiz.de/10005826630
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Sri Lanka; Second and Third Reviews Under the Stand-By Arrangement-Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Sri La...
International Monetary Fund (IMF); International … - 2010
Economic conditions are improving in Sri Lanka, and are likely to show strong growth. The current account remains strong, and tourism arrivals are rapidly improving. Monetary conditions are stable, and the central bank’s policy stance is appropriate. Reforming the board of investment will...
Persistent link: https://www.econbiz.de/10011242555
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Republic of Serbia; Second Review Under the Stand-By Arrangement and Requests for Waiver of End-September Performance Criterion, Modification of End-December Performance Criteria,...
International Monetary Fund (IMF); International … - 2010
Serbia’s Second Review under the Stand-By Arrangement and requests for Waiver of Performance Criterion are examined. The contraction in GDP has been limited relative to regional comparators, but absorption and external trade have fallen faster than expected. Foreign parent banks have rolled...
Persistent link: https://www.econbiz.de/10011242619