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| Author: | Collier, P. Gunning, W. |
| Title: | The IMF's role in structural adjustment |
| Journal: | Economic Journal
1999 : NOV, VOL. 109:459 |
| Index terms: | IMF INTERNATIONAL FINANCIAL INSTITUTIONS BANKING DEVELOPING COUNTRIES ECONOMICS |
| Language: | eng |
| Abstract: | Fund-supported adjustment programmes have often been flawed by a lack of distributional analysis and by poor sequencing of reforms, and as a result they have caused avoidable hardship. The attempt to taper out aid as a part of the reform programme leads to avoidable reductions in post-stabilization growth. In post-stabilization environments, the role of the Fund is to provide credible signals to private investors. |
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