This paper aims to assess the economic impact of the Funds support through its facilities for low-income countries (LICs). It relies on two complementary econometric analyses: the first investigates the longer-term impact of Fund engagementprimarily through successive medium-term programs under the Extended Credit Facility (ECF) and its predecessors (and more recently the Policy Support Instrument (PSI))on economic growth and a range of other indicators and socio-economic outcomes; the second focuses on the role of IMF ...
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This paper aims to assess the economic impact of the Funds support through its facilities for low-income countries (LICs). It relies on two complementary econometric analyses: the first investigates the longer-term impact of Fund engagementprimarily through successive medium-term programs under the Extended Credit Facility (ECF) and its predecessors (and more recently the Policy Support Instrument (PSI))on economic growth and a range of other indicators and socio-economic outcomes; the second focuses on the role of IMF shock-related financingthrough augmentations of ECF arrangements and short-term and emergency financing instrumentson short-term macroeconomic performance.
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