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Bal-Gunduz, Yasemin.

Do IMF-Supported Programs Catalyze Donor Assistance to Low-Income Countries? Yasemin Bal-Gunduz. [electronic resource] / Yasemin Bal-Gunduz. - Washington, D.C. : International Monetary Fund, 2014. - 1 online resource (33 p.) - IMF Working Papers; Working Paper ; No. 14/202 . - IMF Working Papers; Working Paper ; No. 14/202 .

This study explores whether IMF-supported programs in low-income countries (LICs) catalyze Official Development Assistance (ODA). Based on a comprehensive set of ODA measures and using Propensity Score Matching approach to address selection bias, we show that programs addressing policy or exogenous shocks have a significant catalytic impact on both the size and the modality of ODA. Moreover, the impact is greatest when LICs are faced with substantial macroeconomic imbalances or large shocks. Nevertheless, when countries attracting similar donor assistance before shocks are matched results for bilateral ODA turn insignificant, suggesting that the catalytic impact is attributed primarily to multilateral ODA.

ISBN: 1498381634 : 18.00 USD

ISSN: 1018-5941

Standard No.: 10.5089/9781498381635.001 doi

Subjects--Topical Terms:
Balance of Payments
Catalytic Impact of IMF-Supported Programs
Direct Investment
Disbursements
Foreign Direct Investment
Globalization: Economic Development

Subjects--Geographic Terms:
Central African Republic
Congo, Democratic Republic of the