The Effect of IMF Programmes in Sub Sahara Africa: Does IMF Intervention Achieve Macroeconomic Stability and Economic Growth? Th,Used

The Effect of IMF Programmes in Sub Sahara Africa: Does IMF Intervention Achieve Macroeconomic Stability and Economic Growth? Th,Used

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The question about the impact of IMF programmes has generated a considerable level of debate among Economists interested in the work of the Fund. While there is consensus on some issues, many disagreements remain about the particular nature of effects on certain macroeconomic variables. There are some who argue that the IMF has become involved in a role to which it is not suited, and that its programmes have undesirable consequences for economic growth and other macroeconomic indicators. The other camp sees a vital role for the Fund and contends that programme effects are favourable. This study contributes to this debate by focusing on programme effects in Sub Sahara Africa (SSA). Using three different approaches of beforeafter analysis, Least Squares Dummy variable (LSDV) and pool regression techniques (controlling for other variables), we find some evidence of statistically significant shortterm and longterm programme effects, although not always consistent with expectations. We submit some policy implications as a result of our findings.

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We provide a 2-year limited warranty, from the date of purchase for all our products.

If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.

This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).

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