Fiscal Adjustment in IMF-Supported Programs

Full Text of the Main Report

Summary of Findings and Recommendations

English

Foreword
1. Introduction
2. Fiscal Targeting in IMF-Supported Programs: Cross-Country Analysis
3. Fiscal Adjustment as Presented in Program Documents and the Internal Review Process
4. Fiscal Performance Compared with Targets
5. Economic Recovery and Growth
6. Social Spending and Social Protection in IMF-Supported Programs
7. Fiscal Reforms in IMF-Supported Programs
Statement by the Managing Director on the IEO Evaluation
Staff Response to the IEO Evaluation
Full Text of the Appendixes
1. Social Spending in IMF-Supported Programs
Series Number: BP/04/01
Authors: Ricardo Martin and Alex Segura-Ubiergo
2. Macroeconomic Adjustment in IMF-Supported Programs: Projections and Reality
Series Number: BP/04/02
Authors: Rouben Atoian, Patrick Conway, Marcelo Selowsky, and Tsidi Tsikata
Fiscal Adjustment in IMF-Supported Programs: Revisiting the 2003 IEO Evaluation