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Sunday, October 18, 2020 | History

8 edition of The changing nature of IMF conditionality found in the catalog.

The changing nature of IMF conditionality

by J. J. Polak

  • 31 Want to read
  • 14 Currently reading

Published by International Finance Section, Dept. of Economics, Princeton University in Princeton, N.J .
Written in English

    Subjects:
  • International Monetary Fund,
  • Loans, Foreign,
  • Balance of payments,
  • Conditionality (International relations)

  • Edition Notes

    Includes bibliographical references (p. 67-71).

    StatementJacques J. Polak.
    SeriesEssays in international finance,, no. 184
    Classifications
    LC ClassificationsHG136 .P7 no. 184, HG3881.5.I58 .P7 no. 184
    The Physical Object
    Pagination76 p. ;
    Number of Pages76
    ID Numbers
    Open LibraryOL1554686M
    ISBN 100881650919
    LC Control Number91034812

      The changing nature of conditionality The external report identifies two separate methods of applying conditionality reflecting the need to encourage greater ownership of programmes, and the shift in countries’ needs between the stabilisation phase when crisis management is the priority and in the post-stabilisation phase of reform when. of IMF-supported economic policies in Romania and Bulgaria, and in much of the rest of the developing world. Nor can an exclusive emphasis on domestic economic and political interests account for the steep price paid by Peru for its defiant stance towards IMF conditionality or for the acrimonious nature of many IMF program negotiations.

    According to Kenneth Rogoff, economic counselor and the director of the research department at the IMF, there are four main criticisms leveled against the conditionality policy: the most oft quoted is the austerity charge – that IMF conditions “impose harsh fiscal austerity on . Each additional binding IMF policy reform reduces government health expenditure per capita by percent (95% CI − to −). Overall, our findings suggest that IMF conditionality impedes progress toward the attainment of universal health coverage.

    The nature of work is changing. Firms can grow rapidly thanks to digital transformation, which blurs their boundaries and challenges traditional production patterns. The rise of the digital platform firm means that technological effects reach more people faster than ever before. Technology is changing . no. 6 (), cited in Edwards (fn. 1); and idem, "The Changing Nature of IMF Conditional ity," Princeton Essays in International Finance, no. (); and Richard Swedberg, "The Doctrine of Economic Neutrality of the IMF and the World Bank," Journal of Peace Research 23 no. 4 (). 7.


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The changing nature of IMF conditionality by J. J. Polak Download PDF EPUB FB2

The changing nature of IMF conditionality. [J J Polak] Home. WorldCat Home About WorldCat Help. Search. Search for Library Items Search for Lists Search for Contacts Search for a Library. Create Book, Internet Resource: All Authors / Contributors: J J Polak.

Find more information about: ISBN: OCLC Number. The Changing Nature of IMF Conditionality In the terminology of the International Monetary Fund, "conditionality" refers to the policies the Fund expects a member to follow in order to be able to avail itself of credit from the Fund (Gold, ).Cited by: COVID Resources.

Reliable information about the coronavirus (COVID) is available from the World Health Organization (current situation, international travel).Numerous and frequently-updated resource results are available from this ’s WebJunction has pulled together information and resources to assist library staff as they consider how to handle coronavirus.

"The Changing Nature of IMF Conditionality", by Jacques J. Polak, Head of Programme: Helmut Reisen, August I. INTRODUCTION In the terminology of the International Monetary Fund, "conditionality" refers to the policies the Fund expects a member to follow in order to be able to avail itself of credit from the Fund (Gold, ).

Downloadable. In the terminology of the International Monetary Fund, "conditionality" refers to the policies the Fund expects a member to follow in order to be able to avail itself of credit from the Fund (Gold, ).

Over the years, major changes in the landscape surrounding the Fund and in the situation of its members have brought about important changes in the content of conditionality.

Polak, J.J., "The Changing Nature of IMF Conditionality," Princeton Studies in International EconomicsInternational Economics Section, Departement of. “THE CHANGING NATURE OF IMF CONDITIONALITY,” Page Accessed Ap International Monetary Fund.

“IMF Financing and. The Changing Nature of IMF Conditionality. Princeton: International Finance Section, Department of Economics, Princeton University Przeworski, Adam, Michael Alvarez, José Antonio Cheibub, and Fernando Limongi. The changing nature of balance of payments crises encouraged intellectual atrophy during the s.

The IMF’s traditional approach was concerned with balance of payments crises emerging due to, typically, monetization of fiscal deficits by the central bank resulting in an external drain—and loss of international reserve assets.

Research work by the IMF's staff on the effectiveness of the country programs the organization supports, which has long been carried out, has intensified in recent years. IMF analysts have sought to 'open up the black box' by more closely examining program design and implementation, as well as how these influence programs' effectiveness.

Their efforts have also focused on identifying the. government’s policy program.” (IMF, )1 Conditionality is viewed as a central feature of IMF assistance programs, essential to the success of these programs. The debate on conditionality has raised both pragmatic and conceptual questions.

The key pragmatic questions are: how effective has conditionality been in helping IMF or World. in addition to the main report which we hope to bring out as a book during Sovereignty and conditionality 16 The changing nature of conditionalities and sovereignty 20 Conclusion 23 References The evolution of IMF conditionality At the end of the second world war and during the period leading to the formation.

When a country borrows from the IMF, its government agrees to adjust its economic policies to overcome the problems that led it to seek financial aid.

These policy adjustments are conditions for IMF loans and serve to ensure that the country will be able to repay the IMF. This system of conditionality is designed to promote national ownership of strong and effective policies.

The changing nature of lending. About four out of five member countries have used IMF credit at least once. But the amount of loans outstanding and the number of borrowers have fluctuated significantly over time. In the first two decades of the IMF's existence, more than half.

The International Monetary Fund (IMF) is an international organization, headquartered in Washington, D.C., consisting of countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world while periodically depending on the World Bank for its resources.

The current crisis of neoliberalism is calling into question the relevance of key international institutions. We analyze the origins, nature, and possible impacts of the crisis through comparing two such institutions: the International Monetary Fund (IMF) and the World Trade Organization (WTO).

Both originated in the post-World War II U.S.-led hegemonic order and were transformed as part of. International financial institutions. Conditionality is typically employed by the International Monetary Fund, the World Bank or a donor country with respect to loans, debt relief and financial aid.

Conditionalities may involve relatively uncontroversial requirements to enhance aid effectiveness, such as anti-corruption measures, but they may involve highly controversial ones, such as. This article analyzes whether and to what extent reliance on conditionality is appropriate to guarantee the revolving character of the resources of the International Monetary Fund (IMF).

The paper presents theoretical arguments in favor of conditionality, and those against the use of conditions.

It summarizes the track record of program implementation and discusses the evidence of factors. Over the last ten years, the IMF’s crisis lending policies have been at the center of debates on IMF reform.

Some have questioned the objectives of IMF crisis lending, while others have been concerned with the \moral hazard" that such lending may generate, as well as the nature and extent of IMF conditionality.

“To our knowledge, we present the first systematic inquiry into the effects of IMF conditionality on state capacity,” the article says. The study breaks down data into three-year periods between and to compare how bureaucratic quality evolves in the medium term in countries under an IMF programme under different conditionality.

IMF conditionality. Essays in Inter-national Finance, No (Octo-ber). 5 Polak, J. The changing nature of IMF conditionality. Essays in International Finance, No (September). Princeton, New Jersey.

International Finance Section, Department of Eco-nomics, Princeton University.This paper reviews the origins and purpose of conditionality, as well as its nature and evolution over time. It looks into the reasons for increased conditionality during the s and s and reviews the recent IMF debate on conditionality and on the proposed changes in Fund practices.

It distinguishes.This paper is Part I of a two-volume study conducted as a part of the IMF's ongoing process of evaluating its lending facilities. It focuses on IMF-supported programs and macroeconomic performance duringreflecting information available through the end of Part I provides an overview of the experiences during the arrangements reviewed: it describes the initial conditions faced in.