<abstract xmlns="http://www.w3.org/1999/xhtml"><p>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.</p></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.

IMF Lending and Poverty in Developing Countries

Journal of Heterodox Economics

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"IMF Lending and Poverty in Developing Countries"}

An arduous debate has developed around the question of whether the multiple IMF’s ‘stabilization’ interventions in developing countries have actually met one...

IMF Lending and Poverty in Developing Countries

Data publikacji: 17 paź 2016

Zakres stron: 113 - 137

DOI: https://doi.org/10.1515/jheec-2015-0015

Słowa kluczowe
IMF, Monetarism, poverty, Human Development Index, Infant Mortality Rate

© 2015 Eleftherios Makedonas et al., published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

IMF Lending and Poverty in Developing Countries

Data publikacji: 17 paź 2016

Zakres stron: 113 - 137

DOI: https://doi.org/10.1515/jheec-2015-0015

Słowa kluczoweIMF, Monetarism, poverty, Human Development Index, Infant Mortality Rate

© 2015 Eleftherios Makedonas et al., published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Słowa kluczowe
IMF, Monetarism, poverty, Human Development Index, Infant Mortality Rate