The Imf's Role in Low-Income Countries: Issues and Challenges
42 Pages Posted: 3 Mar 2006
Date Written: September 2005
Drawing on recent research, this study elaborates on the role of the IMF in support of its low-income members, pointing to the global character of the institution and to its superior ability - given its multilateral nature - to serve as a financial institution, an information provider, and a commitment device. The IMF assists low-income members through a range of activities that are normally bundled togethe, including lending, offering policy advice, and providing assistance with capacity building. The study reviews the features of IMF policies towards its low-income membership and points to the main challenges to their success.
Keywords: Aid, Development, IMF, Millennium Development Goals
JEL Classification: F34, F35, O10, O19
Suggested Citation: Suggested Citation