f rom 1990 to 1999, private capital flowing into developing countries grew significantly, from $43 billion to $239 billion. As a result, some policymakers have suggested reducing foreign aid to developing countries. An even more radical opinion holds that bilateral and multinational organizations such as the World Bank and the International Monetary Fund should be abolished, since “the market” ...

"Volume 2022 (2022): Issue 365 (Dec 2022): West African Economic and Monetary Union: Financial Sector Assessment Program-Detailed Report on the Basel Core Principles for Effective Banking Supervision: Supervision" published 14 Dec by International Fund.

Arvind Subramanian has been a senior fellow at the Peterson Institute for International Economics since April 2007. He also holds a joint appointment at the Center for Global Development and is a professorial lecturer at Johns Hopkins University. He served at the International Monetary Fund from 1992 to 2007, most recently as assistant director in the research department (2004–07). He worked at...

Does the United States shape the content of International Monetary Fund conditionality agreements? If so, in pursuit of what goals does the United States use its influence? We present evidence that American interests do shape the content of IMF conditionality agreements. We find that American policymakers use their influence in the IMF to pursue American financial and foreign policy objectives....

"Volume 2022 (2022): Issue 354 (Nov 2022): Republic of North Macedonia: Request for an Arrangement under the Precautionary and Liquidity Line-Press Release; Staff Report; Statement by Executive Director Macedonia" published on 29 Nov International Monetary Fund.

OBJECTIVES The International Monetary Fund encourages privatization of state-owned tobacco industries. Privatization tends to lower cigarette prices, which encourages consumption. This could be countered with effective tax policies. We explored how investment by British American Tobacco (BAT) influenced tax policy in Uzbekistan during privatization there. METHODS We obtained internal document...

This paper investigates poverty reduction strategy papers (PRSPs), launched by the International Monetary Fund/World Bank in 1999 as conditions for debt relief and loans. It queries whether PRSPs really represent a shift away from the controversial structural adjustment programmes (SAPs) of the past. Ostensibly PRSPs have a greater focus on poverty reduction, yet this investigation finds little...