Economic adjustment and reform in low-income countries

In the aftermath of the debt crisis of the early 1980s, many of the IMF's poorest member countries embarked on far-reaching programs of adjustment and economic reform. The severity and structural nature of the economic problems to be addressed suggested a need for longeer-term financial support than that available under the IMF's conventional instrument for members' use of its resources, the Stand-by Arrangement. At the same time, fiven the low per capita incomes and typically large external debts of the countries concerned, there was a desire in the international community to ease the burden of new IMF loans by offering them to eligible borrowers on highly concessional terms.

שנה

1998

שפה

English

הוצאה

Intl Monetary Fund

מהדורות

1

עמודים

276

ISBN

9781557757159

מקור הנתונים: Wikidata