PPT-Economic Impact of IMF Programs in Low-Income Countries

Presented by Chris Lane and Yasemin BalGunduz CSO Forum Annual Meetings October 10 2013 Outline Evolution of programs and IMF engagement Economic Impact of Fund programs Lessons for the future. and Crisis Management. Jean-Frédéric Morin. Université . libre. de . Bruxelles. The Twin Financial Crises. Currency crises. Deficit in the balance. of payments. Run of official foreign exchange reserves. and Crisis Management. Jean-Frédéric Morin. Université . libre. de . Bruxelles. The Twin Financial Crises. Currency crises. Deficit in the balance. of payments. Run of official foreign exchange reserves. October 2013. Mark . Weisbrot. , Director. Center for Economic and Policy Research. www.cepr.net. Biggest threat to the world economy continues to be Europe, although U.S. is not helping. IMF . overview of Europe is . IMF. G 10. G 20. WTO. Structure of the World System& the Organizations that . maintain the system. World System Theory:. WST argument: . AIC’s ideology and power of capital are continually being reinforced in the decisions of the IMF, WB and WTO in order to maintain their core status. Prepared by the Arab NGO Network for Development (ANND), the New America Foundation (NAF) and the Egyptian Center for Economic and Social Rights (ECESR). Picture adapted from: . http://news.nationalgeographic.com/news/energy/2012/06/pictures/120618-large-fossil-fuel-subsidies/#/energy-fuel-subsidies-quiz_54907_600x450.jpg. Initiatives . around . the Globe. & . Role in . Poverty . Alleviation. Dr. Haroon ur Rashid Khan. King Abdulaziz University, . Jeddah, Saudi Arabia. & . Sysco Solutions, SAS, France. Microfinance. . Using History to Inform Development Policy: . The Role of Archives . October 25, 2012. Session: The role of archives in international organizations. Pamela Tripp-Melby. Chief, Information Services Division. Thomas Stubbs. ths27@cam.ac.uk. http://www.tstubbs.net. SOCP304 – 14B: Health, Wellbeing and Policy. 1. st. October 2014. A Greek Tragedy. Introduction. International Monetary Fund (IMF or Fund). Structural Adjustment Programs (SAPs). Democracy,. and Income Inequality. By Rachel Azafrani and Leo Zucker. “But IMF programs doubly hurt. others who are less well off: They lower growth and exacerbate income inequality. .” - Vreeland, 2003. Democracy,. and Income Inequality. By Rachel Azafrani and Leo Zucker. Literature: IMF Participation.... ...increases . poverty . (Handa & King 1997; Oberdabernig . 2012. ). ...adversely affects . and Income Inequality. By Rachel Azafrani and Leo Zucker. “But IMF programs doubly hurt. others who are less well off: They lower growth and exacerbate income inequality. .” - Vreeland, 2003. . “By bringing in the IMF, governments gain political leverage - via conditionality - to push through unpopular policies. For certain constituencies, these policies dampen the effects of bad economic performance by redistributing income. . Antoinette M. . Sayeh. , Distinguished Visiting Fellow,. Introduction. Liberia. Mozambique. GDP Per Capita. 205.6. 528.93. Population Below National Poverty Line. 63.8. 54.7. CPIA. 2.8. 3.5. Sources: IMF . At the Bretton Woods Conference held in July 1944, delegates from 44 non-communist countries negotiated an agreement on the structure and operation of the international monetary system.. Origin of IMF:. October 2013. Mark . Weisbrot. , Director. Center for Economic and Policy Research. www.cepr.net. Biggest threat to the world economy continues to be Europe, although U.S. is not helping. IMF . overview of Europe is .