This paper assesses whether conditionality in IMF-supported programs has helped offset the potential negative effect of …-income countries - shows that growing use of revenue conditionality by low-income countries partially offsets the depressing effect of … foreign grants on tax revenue, particularly on taxes on goods and services. The impact of conditionality is strong in …

This paper looks at the effects of International Monetary Fund (IMF) lending programs on banking crises in a large … sample of developing countries, over the period 1970-2010. The endogeneity of the IMF intervention is addressed by adopting … banking crises, our results indicate that countries participating in IMF-supported lending programs are significantly less …

We compute realized transfers implicit in IMF lending from 1973-2003, based on 2003 IMF repayment projections and … promised debt relief. IMF lending rates to high- and middle-income countries fell short of industrial country borrowing rates …

be subject to conditionality. We show that budget support is preferable to project aid when donors and recipients …

This paper studies the short and longer-term impact of IMF engagement in Low-Income Countries (LICs) over nearly three … effects of IMF longer-term engagement and short-term financing using a propensity score matching approach to control for … selection bias. Our results indicate that longer-term IMF support (at least five years of program engagement per decade) helped …

This study explores whether IMF-supported programs in low-income countries (LICs) catalyze Official Development …

their success. Hence, since both IMF conditionality and country ownership are necessary, the task is one of designing … conditionality to maximize program ownership, subject to providing adequate safeguards for IMF lending. The paper discusses some …-based conditionality in IMF-supported adjustment programs …

We analyze the determinants of IMF lending since the early nineties, a period during which the roles of financial … the global financial cycle is an important driver of IMF lending cycles. Second, using a panel of 91 advanced, emerging … significant impact on the probability that a member country obtains financial assistance from the IMF. Our results are robust to …