The Effect of IMF and World Bank Programmes on Poverty
Published By: UNU-WIDER on eSS | Published Date: October, 19 , 2001Structural adjustment, as measured by the number of adjustment loans from the IMF
and World Bank, reduces the growth elasticity of poverty reduction. Growth does
reduce poverty, but the author find no evidence for a direct effect of structural adjustment on
growth. Instead, the poor benefit less from output expansion in countries with many
adjustment loans than in countries with few adjustment loans. By the same token, the
poor suffer less from an output contraction in countries with many adjustment loans
than in countries with few adjustment loans. [Discussion Paper No. 2001/102]
Author(s): William Easterly | Posted on: Nov 19, 2010 | Views(754) | Download (715)