LEADER 03529cam a22006254i 4500001    99131177828706421
005    20240731073710.0
006    m     o  d
008    020129s2024    dcu     o    i00  0 eng d
020    979-84-00-28032-0
035    (CKB)5860000000543097
035    (IMF)WPIEA2024134
035    (EXLCZ)995860000000543097
040    DcWaIMF |beng |erda
100 1  He, Bangyu.
245 14 The Catalytic Impact of IMF Lending on Official Development Assistance / |cBangyu He, Phil Johnston, Agustin Velasquez.
264  1 Washington, D.C. : |bInternational Monetary Fund, |c2024.
300    1 online resource (44 pages)
336    text |btxt |2rdacontent
337    computer |bc |2rdamedia
338    online resource |bcr |2rdacarrier
490 1  IMF Working Papers
520 3  This paper explores the catalytic impact of IMF lending to Low-Income Countries on Official Development Assistance (ODA) during 1990-2019. It disentangles the effect on the amounts of ODA on countries’ participation in IMF programs (“extensive margin”) and the size of the IMF-supported program (“intensive margin”). To address selection biases, we rely on the interaction of past IMF program participation and IMF liquidity as an instrument for program participation and employ the review of access limits as an instrument for the size of disbursements. We document that a one percentage point (pp) of GDP increase in IMF disbursements catalyzes additional ODA of 2.7 pp of GDP. In addition, we find that IMF disbursements catalyze ODA mostly from multilateral donors (1.3 pp of GDP) and to lesser extent from traditional bilateral donors (0.6 pp of GDP). Among multilateral donors, the strongest effect is on World Bank disbursements, followed by the EU. Finally, we document that catalytic effects on ODA have decreasing returns to large IMF disbursement amounts.
588    Description based on print version record.
650  7 Balance of payments |2imf
650  7 Capital account |2imf
650  7 Concessional external borrowing |2imf
650  7 Current Account Adjustment |2imf
650  7 Current account balance |2imf
650  7 Debts, External |2imf
650  7 Econometric analysis |2imf
650  7 Econometrics & economic statistics |2imf
650  7 Econometrics |2imf
650  7 Exports and Imports |2imf
650  7 External debt |2imf
650  7 Foreign Aid |2imf
650  7 Foreign aid |2imf
650  7 Input-Output Models |2imf
650  7 International economics |2imf
650  7 International Lending and Debt Problems |2imf
650  7 International Monetary Arrangements and Institutions |2imf
650  7 International relief |2imf
650  7 Official development assistance |2imf
650  7 Sensitivity analysis |2imf
650  7 Short-term Capital Movements |2imf
650  7 Technological Change: Other |2imf
776     |z979-84-00-27918-8
700 1  Johnston, Phil.
700 1  Velasquez, Agustin.
830  0 IMF Working Papers; Working Paper ; |vNo. 2024/134
906    BOOK