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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...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Formato: Electrónico eBook
Idioma:Inglés
Publicado: International Monetary Fund 2005.
Colección:IMF working paper ; WP/05/8.
Temas:
Acceso en línea:Texto completo

MARC

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520 |a 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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610 2 7 |a International Monetary Fund  |2 fast 
650 0 |a Loans  |z Developing countries. 
650 0 |a Subsidies  |z Developing countries. 
650 7 |a Loans  |2 fast 
650 7 |a Subsidies  |2 fast 
651 7 |a Developing countries  |2 fast 
720 |a Joshi, Priyadarshani. 
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