Evaluating the Effects of IMF-Supported Adjustment Programmes: A Survey

Abstract

The IMF’s mandate is to finance temporary balance of payments equilibria. When balance of payments deficits are not inherently temporary, they must be rendered so by corrective policy measures. The Fund — as it is commonly known — has historically played a central role in the adjustment efforts of its member countries through assistance in the design of appropriate policy programmes to achieve viability of the balance of payments, accompanied by price stability and higher long-term growth, and through the provision of financing to support these programmes.

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