IMF Lending to Developing Countries : Issues and Evidence
by
Graham Bird
Book Details
Format
Hardback or Cased Book
Book Series
Development Policy Studies Series
ISBN-10
113883498X
ISBN-13
9781138834989
Publisher
Taylor & Francis Ltd
Imprint
Routledge
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Jul 20th, 2015
Print length
202 Pages
Weight
362 grams
Product Classification:
International economicsBanking
Ksh 27,900.00
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Recent years have seen IMF lending focusing almost exclusively on the developing world as richer countries have turned to more flexible sources of finance. This provides the first analysis of Fund lending and key changes needed for future success.
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.
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.
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