| Description |
1 online resource (86 pages) |
| Series |
IMF working paper ; WP/05/8 |
|
IMF working paper ; WP/05/8.
|
| Summary |
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 3/4 percent for the emerging market countries |
| Subject |
International Monetary Fund -- Developing countries
|
| SUBJECT |
International Monetary Fund fast |
| Subject |
Loans -- Developing countries
|
|
Subsidies -- Developing countries
|
|
Loans
|
|
Subsidies
|
|
Developing countries
|
| Form |
Electronic book
|
| ISBN |
1282107240 |
|
9781282107243 |
|
9781451905632 |
|
1451905637 |
| ISSN |
2227-8885 |
|
