What Determines the Implementation of IMF-Supported Programs? Wolfgang Mayer

ISBN: 9781281603845

Published: January 1st 2003

ebook

49 pages


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What Determines the Implementation of IMF-Supported Programs?  by  Wolfgang Mayer

What Determines the Implementation of IMF-Supported Programs? by Wolfgang Mayer
January 1st 2003 | ebook | PDF, EPUB, FB2, DjVu, AUDIO, mp3, ZIP | 49 pages | ISBN: 9781281603845 | 6.11 Mb

This paper assesses the implementation of IMF-supported programs using measures of program interruptions, compliance with conditionality, and the share of committed funds disbursed. The econometric model allows an evaluation of the importance forMoreThis paper assesses the implementation of IMF-supported programs using measures of program interruptions, compliance with conditionality, and the share of committed funds disbursed. The econometric model allows an evaluation of the importance for program implementation of political conditions in borrowing countries, IMF effort, conditionality, as well as initial and external conditions.

The paper concludes that program implementation depends primarily on borrowing countries domestic political economy. Strong special interests, political instability, inefficient bureaucracies, lack of political cohesion, and ethno-linguistic divisions weaken program implementation. IMF effort, the extent and structure of conditionality, and initial and external conditions do not materially influence program prospects.



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