IMF Programs and Conditionalities; Evidence from Selected Developing Countries
Author: Farheen Afzal

In this study with a panel of nine countries, six sub Saharan African countries (Ethiopia, Kenya, Rwanda, Tanzania, Uganda, Zambia) and three south Asian countries (Bangladesh, Pakistan, Sri Lanka) over the period of 2000-2015, we analyzed the effect of IMF programs on main macroeconomic indicators like economic growth, inflation, current account deficit, fiscal deficit through descriptive analysis (short fall index, compliance performance index) and regression analysis. This study finds that the IMF programs improve growth and fiscal deficit. While it will have a negative impact on inflation and current account deficits. Similarly, the incorporation of compliance index in the regression analysis have insignificant impact on inflation, current account deficit and fiscal deficit. It has a negative and insignificant effect on growth. Supervisor:- Dr. Karim Khan

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Supervisor: Karim Khan

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