Crisis Program Review

Author: International Monetary Fund

This paper provides an updated review of Fund-supported programs undertaken during the global financial crisis.

Volume/Issue: Volume 2015 Issue 051

Publication date: September 2015

ISBN: 9781498344036

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Topics covered in this book

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Economics- Macroeconomics , Public Finance , PP , fund , exchange rate , debt , financing , current account , Euro Area program , financial support , IMF staff , crisis program case , monetary policy , Fund-supported program , program document , program policy , nominal exchange rate , program fiscal consolidation , program objective , Financial statements , Fiscal consolidation , Debt restructuring , Exchange rates , Global , Europe

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Summary

This paper provides an updated review of Fund-supported programs undertaken during the global financial crisis. It follows a series of previous reviews during 2009–12 that assessed program design and outcomes during the surge in Fund supported programs since 2008. The review covers experience during 2008–15 for 32 arrangements financed from the Fund's general resources account (GRA). It covers 27 countries for which arrangements were approved during September 2008–June 2013, with two years or more of program performance.