Changing IMF: Models and Programmes

25  May 2009    5:00 pm

Vladimir Gligorov, wiiw


wiiw, Rahlgasse 3, 1060 Vienna, lecture hall (entrance from the ground floor)


The recent changes in the IMF approach to crisis management suggest a change in the theoretical model on which operational programmes are to be based. In the programmes negotiated with the Central, Eastern and South-Eastern European (CESE) countries this model change cannot be easily detected, at least not so far. This leads to two questions: how are new ideas and instruments related to the underlying IMF model and what are the assumptions on which the recent programmes with the CESE are based? In the context of these questions, the surveillance criteria are of particular interest; i.e., the relationship between sustainability and quantitative conditions and the role of structural reforms.