The Impact Of Imf Supported Programs On Fdi In Low Income Countries
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The Impact of IMF-Supported Programs on FDI in Low-income Countries
Author: Mr.Ali J Al-Sadiq
language: en
Publisher: International Monetary Fund
Release Date: 2015-07-16
It is common for IMF-supported adjustment programs with low-income member countries (LICs) to project that they will facilitate FDI inflows. The main objective of this paper is to empirically examine this hypothesis. Using an unbalanced panel dataset for 73 low-income countries over the period 1980–2012, and two different econometric methods that address the selection-bias problem, the empirical results robustly show that participating in IMF-supported program is associated with a significant increase in FDI inflows.
IMF-Supported Programs and Income Convergence in Low-Income Countries
Author: Tejesh Pradhan
language: en
Publisher: International Monetary Fund
Release Date: 2018-12-13
Continuing the empirical debate on the effects of IMF-supported programs on participating countries’ macroeconomic performance, we focus on the issue of whether these programs accelerate conditional ß-convergence among low-income countries (LICs). We use an unbalanced panel dataset for 85 LICs over the period 1986-2015 and employ two different econometric methods to address the selection bias problem. Our empirical results suggest that the rate of conditional income per capita convergence is faster among LICs with extended IMF support than that in countries without support or with intermittent support.
The Economic Impact of IMF-Supported Programs in Low-Income Countries
Author: Yasemin Bal-Gunduz
language: en
Publisher: International Monetary Fund
Release Date: 2013-10-04
This paper aims to assess the economic impact of the IMF’s support through its facilities for low-income countries. It relies on two complementary econometric analyses: the first investigates the longer-term impact of IMF engagement—primarily through successive medium-term programs under the Extended Credit Facility and its predecessors (and more recently the Policy Support Instrument)—on economic growth and a range of other indicators and socioeconomic outcomes; the second focuses on the role of IMF shock-related financing—through augmentations of Extended Credit Facility arrangements and short-term and emergency financing instruments—on short-term macroeconomic performance.