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What Determines the Implementation of IMF-Supported Programs?
Mr.Wolfgang MayerAnna IvanovaMr.George C. AnayotosMr.Alex Mourmouras
出版International Monetary Fund, 2003-01-01
主題Political Science / Political EconomyBusiness & Economics / Public FinanceBusiness & Economics / Inflation
ISBN14518425389781451842531
URLhttp://books.google.com.hk/books?id=-VBNzQEACAAJ&hl=&source=gbs_api
註釋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 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.