What Determines the Implementation of Imf-Supported Programs?

48 Pages Posted: 27 Jan 2006

See all articles by Anna Ivanova

Anna Ivanova

International Monetary Fund (IMF) - European Department

Wolfgang Mayer

University of Cincinnati - McMicken College of Arts and Sciences - Department of Economics

Alexandros Mourmouras

International Monetary Fund (IMF) - Policy Development and Review Department

George Anayiotos

affiliation not provided to SSRN

Date Written: January 2003

Abstract

This paper assesses the implementation of IMF-supported programs using measures of program interruptions, compliance with conditionally, and the share of committed funds disbursed. The econometric model allows an evaluation of the importance for program implementation of political conditions in borrowing countries, IMF effort, conditionally, as well as initial and external conditions. The paper concludes that program implementation depends primarily on borrowing countries` domestic political economy. Strong special interests, political instability, inefficient bureaucracies, lack of political cohesion, and ethno-linguistic divisions weaken program implementation. IMF effort, the extent and structure of conditionally, and initial and external conditions do not materially influence program prospects.

Keywords: IMF-supported programs, conditionally, ownership

JEL Classification: E61, F33, F34

Suggested Citation

Ivanova, Anna and Mayer, Wolfgang and Mourmouras, Alexandros and Anayiotos, George, What Determines the Implementation of Imf-Supported Programs? (January 2003). IMF Working Paper, Vol. , pp. 1-48, 2003. Available at SSRN: https://ssrn.com/abstract=879083

Anna Ivanova

International Monetary Fund (IMF) - European Department ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Wolfgang Mayer

University of Cincinnati - McMicken College of Arts and Sciences - Department of Economics ( email )

1202 Crosley
P.O. Box 210371
Cincinnati, OH 45221-0371
United States
513-556-2600 (Phone)
513-556-2669 (Fax)

Alexandros Mourmouras (Contact Author)

International Monetary Fund (IMF) - Policy Development and Review Department ( email )

700 19th St. NW
Room 5-311
Washington, DC 20431
United States
202-623-5402 (Phone)
202-589-5402 (Fax)

George Anayiotos

affiliation not provided to SSRN

No Address Available

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