Changing IMF: Models and Programmes

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.

Vladimir Gligorov is senior researcher at the Vienna Institute for International Economic Studies (wiiw). His previous appointments were at Columbia University, New York; Belgrade University, Serbia; George-Mason University in Fairfax, Virginia, USA; Uppsala University, Sweden. He has been working as a consultant of the OECD, The World Bank and the UNDP. He has published several books in English, e.g., Why Do Countries Break Up? The Case of Yugoslavia (1994, second edition forthcoming in 2009) and Balkan Reconstruction: Economic Aspects (2000). Currently he is working mostly on the economies of Southeast Europe.


Countries covered: Central, East and Southeast Europe