02745nam 2200625 a 450 991081382370332120200520144314.01-4623-3571-31-4527-3403-81-282-10724-01-4519-0563-79786613800596(CKB)3360000000442487(EBL)3012571(SSID)ssj0001477502(PQKBManifestationID)11853374(PQKBTitleCode)TC0001477502(PQKBWorkID)11452874(PQKB)11516631(OCoLC)535146996(IMF)WPIEE2005008(MiAaPQ)EBC3012571(EXLCZ)99336000000044248720090811d2005 uy 0engur|n|---|||||txtccrImplicit transfers in IMF lending, 1973-2003 /prepared by Jeromin Zettelmeyer and Priyadarshani Joshi1st ed.Washington, D.C. International Monetary Fund, Research Dept.20051 online resource (42 p.)IMF working paper ;WP/05/8"January 2005."1-4518-6027-7 Includes bibliographical references (p. 40-41).""Contents""; ""I. INTRODUCTION""; ""II. POTENTIAL SOURCES OF IMF TRANSFERS""; ""III. METHODOLOGY AND DATA""; ""IV. RESULTS""; ""V. CONCLUSION""; ""APPENDIX I""; ""APPENDIX II""; ""APPENDIX III""; ""REFERENCES""We compute realized transfers implicit in IMF lending from 1973-2003, based on 2003 IMF repayment projections and promised debt relief. IMF lending rates to high-and middleincome countries fell short of industrial country borrowing rates by 30-150 basis points over the period as a whole, but exhibited a small premium after 1987. The subsidy received by low-income and HIPC countries was much higher (400-600 basis points, respectively). In 2002 NPV terms, cumulative transfers were 12-15 percent of 2002 GDP for the HIPCs, 2-3 percent for low income countries, and less than ¾ percent for the emerging market countries.IMF working paper ;WP/05/8.Implicit transfers in International Monetary Fund lending, 1973-2003LoansDeveloping countriesSubsidiesDeveloping countriesLoansSubsidiesZettelmeyer Jeromin1598456Joshi Priyadarshani1601292International Monetary Fund.Research Dept.MiAaPQMiAaPQMiAaPQBOOK9910813823703321Implicit transfers in IMF lending, 1973-20034204870UNINA