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IMF Lending and Poverty in Developing Countries

IMF Lending and Poverty in Developing Countries Abstract An arduous debate has developed around the question of whether the multiple IMF’s ‘stabilization’ interventions in developing countries have actually met one of the most important of its initial programmatic goals, i.e., the provision of resources to members, with a view to eliminating temporary Balance of Payments maladjustments, avoiding at the same time destroying ‘national or international prosperity’. More importantly, there have been many voices claiming that these programs have rather accentuated poverty than alleviated it. We explore this claim both theoretically and empirically. Our results show an unequivocal negative relationship between IMF lending and poverty in the developing world. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Heterodox Economics de Gruyter

IMF Lending and Poverty in Developing Countries

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References (120)

Publisher
de Gruyter
Copyright
Copyright © 2015 by the
ISSN
2344-4150
eISSN
2344-4150
DOI
10.1515/jheec-2015-0015
Publisher site
See Article on Publisher Site

Abstract

Abstract An arduous debate has developed around the question of whether the multiple IMF’s ‘stabilization’ interventions in developing countries have actually met one of the most important of its initial programmatic goals, i.e., the provision of resources to members, with a view to eliminating temporary Balance of Payments maladjustments, avoiding at the same time destroying ‘national or international prosperity’. More importantly, there have been many voices claiming that these programs have rather accentuated poverty than alleviated it. We explore this claim both theoretically and empirically. Our results show an unequivocal negative relationship between IMF lending and poverty in the developing world.

Journal

Journal of Heterodox Economicsde Gruyter

Published: Dec 1, 2015

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