The Economic Impact of IMF-Supported Programmes
Jeremy Lefroy - MP
Christian Mumssen - Senior Representative of the IMF to the EU
Linda Kaltani - IMF, Economist
Dirk Willem Te Velde - Head of Programme, ODI
Annalisa Prizzon - Research Fellow, ODI
Sargon Nissan - IMF Programme Mannager, The Bretton Woods Project)
This roundtable will discuss the findings and policy implications of IMF research that assesses the economic impact of the IMF’s support through its facilities for low-income countries. The paper investigates (i) the longer-term impact of IMF engagement on economic growth and a range of other indicators and socioeconomic outcomes; (ii) the role of IMF shock-related financing—on short-term macroeconomic performance. Evidence suggests that longer-term IMF programme support may indeed have helped low-income countries (LICs) sustain economic growth and boost resilience by building fiscal buffers. Building on this analysis of the impact of Fund-supported programmes, IMF staff will outline the actions recently taken to strengthen IMF financing for LICs over the longer term and outline lessons for future IMF Engagement in low-income countries.
The IMF team will open the roundtable with a presentation which will be followed by comments and a discussion involving ODI researchers, academics, development practitioners and government officials.