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Implicit Transfers in IMF Lending, 1973-2003.
We compute realized transfers implicit in IMF lending from 1973-2003, based on 2003 IMF repayment projections and promised debt relief. IMF lending rates to high-and middleincome countries fell short of industrial country borrowing rates by 30-150 basis points over the period as a whole, but exhibit...
| Clasificación: | Libro Electrónico |
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| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
International Monetary Fund
2005.
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| Colección: | IMF working paper ;
WP/05/8. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | We compute realized transfers implicit in IMF lending from 1973-2003, based on 2003 IMF repayment projections and promised debt relief. IMF lending rates to high-and middleincome countries fell short of industrial country borrowing rates by 30-150 basis points over the period as a whole, but exhibited a small premium after 1987. The subsidy received by low-income and HIPC countries was much higher (400-600 basis points, respectively). In 2002 NPV terms, cumulative transfers were 12-15 percent of 2002 GDP for the HIPCs, 2-3 percent for low income countries, and less than 3/4 percent for the emerging market countries. |
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| Descripción Física: | 1 online resource (86 pages). |
| ISBN: | 1282107240 9781282107243 9781451905632 1451905637 |
| ISSN: | 2227-8885 |