2004
DOI: 10.1002/jid.1111
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Growth, poverty and the IMF

Abstract: Although the IMF presents itself as a monetary institution, it plays an important role in providing support to poor countries via its Poverty Reduction and Growth Facility. It is difficult to imagine more central development issues than poverty and growth. However, while there is a broad consensus surrounding the stabilization issues with which IMF programmes conventionally deal, there is much less agreement about the causes of economic growth and poverty. This carries lessons for the design of the PRGF. While… Show more

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Cited by 19 publications
(14 citation statements)
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“…There are serious methodological problems here: the basic one being to know what would have happened in the absence of the intervention (Bird, 2004). Assessing the impact of such a project rests less on proving impacts than on showing improvement in practice (Hulme, 2000;Mayoux and Mosedale, 2005).…”
Section: Discussionmentioning
confidence: 99%
“…There are serious methodological problems here: the basic one being to know what would have happened in the absence of the intervention (Bird, 2004). Assessing the impact of such a project rests less on proving impacts than on showing improvement in practice (Hulme, 2000;Mayoux and Mosedale, 2005).…”
Section: Discussionmentioning
confidence: 99%
“…There are powerful arguments for continuing to seek to improve the design and effectiveness of conditionality and there are various ways in which this might be done which we have not explored in this survey (although the author has done so elsewhere; for example, Bird, 1995, 1998, 2001b,d, 2004). This having been said, the results from the vast literature on the impact of IMF conditionality reveal few real surprises.…”
Section: Discussionmentioning
confidence: 99%
“…It is similar to the aforementioned devaluation argument, in the sense that the ones involved in the tradables sector of an average Third World country are poor small farmers or simple agricultural workers. Others stress the fact that there exists a relationship between expansionary monetary and fiscal policies, the creation of budget deficits, inflation, and as a result, current account imbalances and a bloating foreign debt (Wiesner, 1985;Rodrik, 1996;Bird, 2004). Others have argued more explicitly about the effectiveness of some contractionary fiscal policies as a means for preventing such undesirable phenomena, which can even lead to pro-poor results if properly implemented (Adam and Bevan, 2001;Ames, Brown, Devarajan and Izquierdo, 2001).…”
Section: The Imf-poverty Controversy In Literaturementioning
confidence: 99%