IMF Conditionality and Country Ownership of Programs

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 conditionality and country ownership are necessary, the task... READ MORE...

Publication date: September 2001
ISBN 9781451856255
$15.00

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