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The purpose of this report is to fill a knowledge gap on how to take into account reform evaluation methods. It attempted to provide parametric responses to the ex-post evaluation of IMF reform programs.
EXTRAIT :
Overall, the results show that when these programs, although appropriate, are not always followed by a positive effect on growth, the explanation should rather be sought in terms of the effectiveness of reforms, ie, of compliance ( compliance) of the structural benchmark countries of the economic policy actions contained in these programs. Delays (or dysfunctions) in the implementation schemes of the reforms would be attributed either to conditions exogenous to the programs (political or security uncertainties linked to an indicator variable tracing the effects of the Arab Spring),...
Overall, the results show that when these programs, although appropriate, are not always followed by a positive effect on growth, the explanation should rather be sought in terms of the effectiveness of reforms, ie, of compliance ( compliance) of the structural benchmark countries of the economic policy actions contained in these programs. Delays (or dysfunctions) in the implementation schemes of the reforms would be attributed either to conditions exogenous to the programs (political or security uncertainties linked to an indicator variable tracing the effects of the Arab Spring),...
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