Macroeconomic and Structural Policies in Fund-Supported Programs - Review of Experience

Author: International Monetary Fund

Volume/Issue: Volume 2004 Issue 047

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Business and Economics , Exports and Imports , Inflation , Economics- Macroeconomics , PP , exchange rate regime , Fund-supported program , real GDP , transition economy , inflation targeting , fiscal policy , projection error , Inflation , Exchange rate arrangements , Fiscal consolidation , Fiscal stance , Current account balance

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Summary

A Fund-supported program is a package of envisaged policies which, combined with approved financing, is expected to achieve certain economic objectives such as fostering macroeconomic stability and orderly external adjustment, promoting growth and poverty reduction, and reducing vulnerability to future balance of payments problems or financial crises. This paper reviews experience with specific macroeconomic and structural policies intended to achieve these objectives.