IMF Involvement in International Trade Policy Issues

Business & Finance, Economics, Money & Monetary Policy, Finance & Investing, Banks & Banking, Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy
Cover of the book IMF Involvement in International Trade Policy Issues by International Monetary Fund. Independent Evaluation Office, INTERNATIONAL MONETARY FUND
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Author: International Monetary Fund. Independent Evaluation Office ISBN: 9781451984897
Publisher: INTERNATIONAL MONETARY FUND Publication: October 15, 2009
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: International Monetary Fund. Independent Evaluation Office
ISBN: 9781451984897
Publisher: INTERNATIONAL MONETARY FUND
Publication: October 15, 2009
Imprint: INTERNATIONAL MONETARY FUND
Language: English
Trade policy occupies an unusual and at times problematic place in the work of the IMF. Though trade policies of IMF members have strong influences on macroeconomic stability, they are often seen as peripheral to the IMF’s core competency. This evaluation, which examines the IMF’s involvement in trade policy issues during 1996–2007, addresses five questions. What is the nature of the IMF’s mandate to cover trade policy? Did the IMF work effectively with other international organizations on trade policy issues? Did the Executive Board provide clear guidance to staff on the IMF’s role and approach to trade policy? How well did the IMF address trade policy issues through lending arrangements and surveillance? Was IMF advice effective? The evaluation finds that the IMF’s role in trade policy has evolved in some desirable and some less desirable ways and recommends how to use the limited resources the IMF can devote to trade policy to fill these gaps.
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Trade policy occupies an unusual and at times problematic place in the work of the IMF. Though trade policies of IMF members have strong influences on macroeconomic stability, they are often seen as peripheral to the IMF’s core competency. This evaluation, which examines the IMF’s involvement in trade policy issues during 1996–2007, addresses five questions. What is the nature of the IMF’s mandate to cover trade policy? Did the IMF work effectively with other international organizations on trade policy issues? Did the Executive Board provide clear guidance to staff on the IMF’s role and approach to trade policy? How well did the IMF address trade policy issues through lending arrangements and surveillance? Was IMF advice effective? The evaluation finds that the IMF’s role in trade policy has evolved in some desirable and some less desirable ways and recommends how to use the limited resources the IMF can devote to trade policy to fill these gaps.

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