Do IMF-Supported Programs Help Make Fiscal Adjustment More Durable?

Do IMF-Supported Programs Help Make Fiscal Adjustment More Durable?
This paper investigates fiscal developments in 112 countries during the 1990s. It finds that, while the overall fiscal balance improved in most of them, the composition of this improvement differed. In nonprogram countries, revenues increased modestly and expenditure declined sharply, while in program countries both revenue and expenditure... READ MORE...

Publication date: February 2003
ISBN 9781451845716
$15.00

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