Implicit Transfers in Imf Lending, 1973-2003

Author/creator Joshi, Priyadarshani Author
Other author Zettelmeyer, Jeromin Author
Format Electronic
Publication InfoWashington : International Monetary Fund
Description3 p.
Supplemental ContentFull text available from Ebook Central - Academic Complete

Summary Annotation 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 percent for the emerging market countries.
Access restrictionAvailable only to authorized users.
Technical detailsMode of access: World Wide Web
Genre/formElectronic books.
ISBN9781451905632
ISBN1451905637 (E-Book) Active Record
Stock number00013468

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