The Imf's Role in Low-Income Countries: Issues and Challenges

42 Pages Posted: 3 Mar 2006

Date Written: September 2005

Abstract

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

Lombardi, Domenico, The Imf's Role in Low-Income Countries: Issues and Challenges (September 2005). IMF Working Paper, Vol. , pp. 1-42, 2005. Available at SSRN: https://ssrn.com/abstract=888046

Domenico Lombardi (Contact Author)

CIGI ( email )

67 Erb Street West
Waterloo, Ontario N2L 6C2
Canada

HOME PAGE: http://www.domenicolombardi.org

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