TY - BOOK ID - 84541854 TI - What Determines the Implementation of IMF-Supported Programs? AU - Mourmouras, Alex. AU - Anayiotos, George. AU - Ivanova, Anna. AU - Mayer, Wolfgang. PY - 2003 SN - 1462323863 1452764433 1281603848 9786613784537 1451890710 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Inflation KW - Public Finance KW - Industries: Financial Services KW - Political Economy KW - Econometrics KW - Economic Development KW - Policy Objectives KW - Policy Designs and Consistency KW - Policy Coordination KW - International Monetary Arrangements and Institutions KW - International Lending and Debt Problems KW - National Government Expenditures and Related Policies: General KW - Price Level KW - Deflation KW - Banks KW - Depository Institutions KW - Micro Finance Institutions KW - Mortgages KW - Econometric and Statistical Methods: General KW - Econometric Modeling: General KW - Political economy KW - Public finance & taxation KW - Macroeconomics KW - Finance KW - Econometrics & economic statistics KW - Development economics & emerging economies KW - Public expenditure review KW - Loans KW - Expenditure KW - Prices KW - Financial institutions KW - Econometric analysis KW - Econometric models KW - Economics KW - Expenditures, Public KW - United States UR - https://www.unicat.be/uniCat?func=search&query=sysid:84541854 AB - This paper assesses the implementation of IMF-supported programs using measures of program interruptions, compliance with conditionality, and the share of committed funds disbursed. The econometric model allows an evaluation of the importance for program implementation of political conditions in borrowing countries, IMF effort, conditionality, as well as initial and external conditions. The paper concludes that program implementation depends primarily on borrowing countries' domestic political economy. Strong special interests, political instability, inefficient bureaucracies, lack of political cohesion, and ethno-linguistic divisions weaken program implementation. IMF effort, the extent and structure of conditionality, and initial and external conditions do not materially influence program prospects. ER -