Expenditure Conditionality in IMF-supported Programs /

This paper studies the impact of expenditure conditionality in IMF programs on the composition of public spending. A granular dataset on different government expenditure conditions covering 115 countries for the 1992-2016 period is compiled. The results support the view that while conditionality on...

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Príomhchruthaitheoir: Gupta, Sanjeev
Rannpháirtithe: Schena, Michela, Yousefi, Seyed Reza
Formáid: IRIS
Teanga:English
Foilsithe / Cruthaithe: Washington, D.C. : International Monetary Fund, 2018.
Sraith:IMF Working Papers; Working Paper ; No. 2018/255
Rochtain ar líne:Full text available on IMF
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100 1 |a Gupta, Sanjeev. 
245 1 0 |a Expenditure Conditionality in IMF-supported Programs /  |c Sanjeev Gupta, Michela Schena, Seyed Reza Yousefi. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2018. 
300 |a 1 online resource (31 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper studies the impact of expenditure conditionality in IMF programs on the composition of public spending. A granular dataset on different government expenditure conditions covering 115 countries for the 1992-2016 period is compiled. The results support the view that while conditionality on specific elements of spending could help achieve a program's short-term objectives, it is structural conditionality which delivers lasting benefits. Structural public financial management conditionality (such as on budget execution and control) has proven to be effective in boosting the long-term level of education, health, and public investment expenditures. The results further indicate that conditionality on raising such spending may come at the expense of other expenditures. Finally, the successful implementation (and not mere existence) of the conditionality is crucial for improved outcomes. These findings are relevant for policy makers targeting achievement of the Sustainable Development Goals (SDGs). 
538 |a Mode of access: Internet 
700 1 |a Schena, Michela. 
700 1 |a Yousefi, Seyed Reza. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2018/255 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2018/255/001.2018.issue-255-en.xml  |z IMF e-Library