Finance, Development, and the IMF

Author: James M. Boughton; Domenico Lombardi
Publisher: Oxford University Press
ISBN: 9780199239863
Published In: June 2009
Format: Hardback , 336 pages
Jurisdiction: International ? Disclaimer:
Countri(es) stated herein are used as reference only

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Includes contributions from leading academics and experts including economists, political scientists, and historians.
A unique and innovative volume on the history, policies, and financing of the IMF in the world's poorest regions
Brings together leading research on economic growth, poverty reduction, and macroeconomic stability

This book provides an assessment of the role of the International Monetary Fund in poor countries. In recent years, a large portion of the work of the IMF has focused on the economies of low-income countries by aiming to create conditions conducive to poverty reduction and stable economic growth. More than two fifths of the IMF's 185 members are low-income countries and many others have substantial pockets of poverty in their populations. Since economic development and the reduction of poverty are the most important economic challenges that these countries face, how can the IMF best help them? How can the imperative of macroeconomic and financial stability be reconciled with the requirements for sustained economic growth? This volume brings together the research of leading economists, political scientists, and historians to suggest ways for the IMF to address these issues effectively

Readership: Academics and researchers in the fields of Economics, Development Economics, Economic History, International Relations and Political Science. Officials from multilateral institutions, NGOs, development agencies and ministries, and finance ministries.

Introduction
ForewordMichel Camdessus:
1: James M. Boughton & Domenico Lombardi: The Role of the IMF in Low-Income Countries: An Overview
History and Nature of the Role of the IMF in Low-Income Countries
2: Harold James: Bretton Woods and the Debate About Development
3: James M. Boughton: Lending to and for the Poor: How the IMF's Role has Evolved
4: James M. Boughton: The Case for a Universal Financial Institution
5: Domenico Lombardi: The Role of the IMF in Low-Income Countries: An Institutional Approach
IMF Policies and Financing in Low-Income Countries
6: Graham Bird & Dane Rowland: Financier or Facilitator? The Changing Role of the IMF in Low- Income Countries
7: David Bevan: The IMF's Approach to Macroeconomic Policy in Low-Income Countries
8: Timothy Lane: Signaling, Aid, and IMF Financial Arrangements for Low-Income Countries
9: Graham Bird and Robert Powell: The Debt Relief in Low Income Countries: Background, Evolution and Effects
10: Joanne Salop: The Role and Performance of the IMF in Aid to Low-Income Countries: Lessons from Evaluation
11: Patrick Conway: Participation in IMF Programs and Income Inequality
The Role of Low-Income Member Countries in the Governance of the IMF
12: Ngaire Woods: Governance Matters: the IMF and Sub-Saharan Africa
13: Bessma Momani: Proposing IMF Reforms for Low Income Countries
14: Abbas Mirakhor and Iqbal Mehdi Zaidi: Rethinking the Governance of the International Monetary Fund

Edited by James M. Boughton, Historian of the International Monetary Fund and Assistant Director in the Policy Development and Review Department of the IMF, and Domenico Lombardi, President, The Oxford Institute for Economic Policy (OXONIA)

Contributors:
James M. Boughton, IMF
Domenico Lombardi, University of Oxford and The Brookings Institution
Harold James, Princeton University
Graham Bird, University of Surrey
Dane Rowland, Carleton University
David Bevan, University of Oxford
Timothy Lane, Bank of Canada
Robert Powell, IMF
Joanne Salop, Joanne Salop Consulting
Patrick Conway, University of North Carolina
Ngaire Woods, University of Oxford
Bessma Momani, University of Waterloo and Centre for International Governance Innovation
Abbas Mirakhor, IMF
Iqbal Mehdi Zaidi, IMF