IMF Lending to Developing Countries: Issues and Evidence, 1st Edition (Paperback) book cover

IMF Lending to Developing Countries

Issues and Evidence, 1st Edition

By Graham Bird

Routledge

200 pages

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Paperback: 9780415117005
pub: 1994-12-22
$83.95
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Hardback: 9781138834989
pub: 2015-07-20
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pub: 2003-09-02
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Description

As the linchpin of the global financial system, the International Monetary Fund provides the balance of payments support, chiefly to developing countries, conditional on strict remedial policy measures.

Its approach to policy remains highly controversial, however. While the Fund claims it has adapted, critics allege its policies are harshly doctrinaire, imposing hardships on already poverty-stricken people. For the critics, the half century of its existence is `fifty years too long' and radical change is essential.

This book examines the arguments, tracing the extent of Fund adaption, presenting major new evidence on the consequences of fund programes, and considering its future role.

Reviews

`This book, the product of a research project under the auspices of the Overseas Development Inst of London, provides a detailed theoretical and empirical analysis of IMF lending policies, and concludes that fundamental changes in IMF lending strategy and, indeed, in its philosophical orientation, are required to improve the efficiency and equity of IMF lending,' I Jrnl of Technical Cooperation

About the Series

Development Policy Studies Series

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Subject Categories

BISAC Subject Codes/Headings:
SCI030000
SCIENCE / Earth Sciences / Geography
SOC015000
SOCIAL SCIENCE / Human Geography