IMF Conditionality and Country Ownership of Programs:
The paper uses finance and agency theory to establish two main propositions: First, that the conditionality attached to adjustment programs supported by the IMF is justified. Second, that ownership of programs by the borrowing country is crucial for their success. Hence, since both IMF conditionalit...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2001
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 01/142 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | The paper uses finance and agency theory to establish two main propositions: First, that the conditionality attached to adjustment programs supported by the IMF is justified. Second, that ownership of programs by the borrowing country is crucial for their success. Hence, since both IMF conditionality and country ownership are necessary, the task is one of designing conditionality to maximize program ownership, subject to providing adequate safeguards for IMF lending. The paper discusses some recent proposals for enhancing ownership, and in particular, makes a case for incorporating floating tranches and outcomes-based conditionality in IMF-supported adjustment programs |
| Beschreibung: | 1 Online-Ressource (32 p) |
| ISBN: | 1451856253 9781451856255 |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:29Z |
| indexdate | 2024-07-10T09:35:37Z |
| institution | BVB |
| isbn | 1451856253 9781451856255 |
| language | English |
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| publishDate | 2001 |
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| publisher | International Monetary Fund |
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| spelling | Khan, Mohsin S. Verfasser aut IMF Conditionality and Country Ownership of Programs Khan, Mohsin S Washington, D.C International Monetary Fund 2001 1 Online-Ressource (32 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 01/142 The paper uses finance and agency theory to establish two main propositions: First, that the conditionality attached to adjustment programs supported by the IMF is justified. Second, that ownership of programs by the borrowing country is crucial for their success. Hence, since both IMF conditionality and country ownership are necessary, the task is one of designing conditionality to maximize program ownership, subject to providing adequate safeguards for IMF lending. The paper discusses some recent proposals for enhancing ownership, and in particular, makes a case for incorporating floating tranches and outcomes-based conditionality in IMF-supported adjustment programs Online-Ausg Sharma, Sunil Sonstige oth http://elibrary.imf.org/view/IMF001/03289-9781451856255/03289-9781451856255/03289-9781451856255.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Khan, Mohsin S. IMF Conditionality and Country Ownership of Programs |
| title | IMF Conditionality and Country Ownership of Programs |
| title_auth | IMF Conditionality and Country Ownership of Programs |
| title_exact_search | IMF Conditionality and Country Ownership of Programs |
| title_exact_search_txtP | IMF Conditionality and Country Ownership of Programs |
| title_full | IMF Conditionality and Country Ownership of Programs Khan, Mohsin S |
| title_fullStr | IMF Conditionality and Country Ownership of Programs Khan, Mohsin S |
| title_full_unstemmed | IMF Conditionality and Country Ownership of Programs Khan, Mohsin S |
| title_short | IMF Conditionality and Country Ownership of Programs |
| title_sort | imf conditionality and country ownership of programs |
| url | http://elibrary.imf.org/view/IMF001/03289-9781451856255/03289-9781451856255/03289-9781451856255.xml |
| work_keys_str_mv | AT khanmohsins imfconditionalityandcountryownershipofprograms AT sharmasunil imfconditionalityandcountryownershipofprograms |