Structural adjustment - as measured by the number of adjustment loans from the IMF, and the World Bank - reduces the growth elasticity of poverty reduction. The author finds no evidence for structural adjustment having a direct effect on growth. The poor benefit less from output expansion in countries with many adjustment loans, than they do in countries with few such loans. By the same token, the poor suffer less from an output contraction in countries...
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INFORMACIÓN
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2001/01/31
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Documento de trabajo sobre investigaciones relativas a políticas
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WPS2517
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1
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1
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2010/07/01
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The effect of International Monetary Fund and World Bank programs on poverty
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adjustment lending
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