Title The IMF and aid to Sub-Saharan Africa : evaluation report / Independent Evaluation Office of the IMF ; [prepared by a team led by Joanne Salop, and including Martin Kaufman [and others]

Published Washington, D.C. : International Monetary Fund, 2007

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Description 1 online resource (ix, 89 pages) : illustrations Series Evaluation report Evaluation report (International Monetary Fund. Independent Evaluation Office) Contents Introduction -- Country Policies and Programs -- Accommodation of Aid -- Analysis of Aid -- Key Features Agenda -- IMF Relationship Management in Sub-Saharan Africa -- The Authorities -- Donors -- Multilateral Partners -- Civil Society -- Institutional Drivers of IMF Behavior -- Executive Directors -- Management -- Operational Staff -- Findings and Recommendations -- Findings -- Recommendations Summary "In the context of continuing debate about the role of the IMF in aid to low-income countries, the Independent Evaluation Office evaluated what, and how well, the IMF has done on aid to Sub-Saharan Africa. It focused on IMF policy and practice in operations supported by the Poverty Reduction and Growth Facility (PRGF), the IMF's main instrument for operational work in low-income countries during the 1999-2005 review period. The report finds ambiguity and confusion about IMF policy and practice on aid and poverty reduction. Affected areas include the IMF's role in the mobilization of aid, the analysis of alternative aid scenarios, poverty and social impact assessments of macroeconomic policies, and pro-poor and pro-growth budget frameworks. The report also finds a disconnect between the IMF's external communications on aid and poverty reduction, and its practice in low-income countries. More fundamentally, the report finds differences of views among members of the Executive Board about the IMF's role and policies in low-income countries. Management--along with the Board--should have done more to resolve these differences. Lacking clarity on what they should do on the mobilization of aid, alternative scenarios, and the application of poverty and social impact analysis, IMF staff tended to focus narrowly on macroeconomic stability, in line with the institution's core mandate and their deeply ingrained professional culture."--Foreword Analysis Economic development -- Africa, Sub-Saharan -- Evaluation Development assistance -- Africa, Sub-Saharan -- Evaluation Low-income countries -- Economic assistance Bibliography Includes bibliographical references (pages 68-73) Notes English Print version record Subject International Monetary Fund -- Africa, Sub-Saharan -- Evaluation SUBJECT International Monetary Fund fast Subject Economic assistance -- Africa, Sub-Saharan -- Evaluation Poverty -- Africa, Sub-Saharan BUSINESS & ECONOMICS -- Industries -- General. Evaluation Economic assistance -- Evaluation Poverty Ontwikkelingssamenwerking. IMF. Finance. Business & Economics. International Finance. Sub-Saharan Africa Afrika. Form Electronic book Author Salop, Joanne. Kaufman, Martin Daniel, 1965- International Monetary Fund. Independent Evaluation Office. LC no. 2007297639 ISBN 9781452798783 1452798788 1451920946 9781451920949

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