Conditionality as an Instrument of Borrower Credibility

Conditionality as an Instrument of Borrower Credibility
Fund member countries that adopt market-friendly policies often encounter a credibility problem-market-friendly policies are not effective in stimulating private investment as long as there remains a significant risk of policy reversal. The root of this risk lies in the discretionary policy-making authority of governments. Committing to a... READ MORE...

Publication date: February 1997
ISBN 9781451974423
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