LEADER 02745nam 2200625 a 450 001 9910813823703321 005 20200520144314.0 010 $a1-4623-3571-3 010 $a1-4527-3403-8 010 $a1-282-10724-0 010 $a1-4519-0563-7 010 $a9786613800596 035 $a(CKB)3360000000442487 035 $a(EBL)3012571 035 $a(SSID)ssj0001477502 035 $a(PQKBManifestationID)11853374 035 $a(PQKBTitleCode)TC0001477502 035 $a(PQKBWorkID)11452874 035 $a(PQKB)11516631 035 $a(OCoLC)535146996 035 $a(IMF)WPIEE2005008 035 $a(MiAaPQ)EBC3012571 035 $a(EXLCZ)993360000000442487 100 $a20090811d2005 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aImplicit transfers in IMF lending, 1973-2003 /$fprepared by Jeromin Zettelmeyer and Priyadarshani Joshi 205 $a1st ed. 210 $aWashington, D.C. $cInternational Monetary Fund, Research Dept.$d2005 215 $a1 online resource (42 p.) 225 1 $aIMF working paper ;$vWP/05/8 300 $a"January 2005." 311 $a1-4518-6027-7 320 $aIncludes bibliographical references (p. 40-41). 327 $a""Contents""; ""I. INTRODUCTION""; ""II. POTENTIAL SOURCES OF IMF TRANSFERS""; ""III. METHODOLOGY AND DATA""; ""IV. RESULTS""; ""V. CONCLUSION""; ""APPENDIX I""; ""APPENDIX II""; ""APPENDIX III""; ""REFERENCES"" 330 3 $aWe compute realized transfers implicit in IMF lending from 1973-2003, based on 2003 IMF repayment projections and promised debt relief. IMF lending rates to high-and middleincome countries fell short of industrial country borrowing rates by 30-150 basis points over the period as a whole, but exhibited a small premium after 1987. The subsidy received by low-income and HIPC countries was much higher (400-600 basis points, respectively). In 2002 NPV terms, cumulative transfers were 12-15 percent of 2002 GDP for the HIPCs, 2-3 percent for low income countries, and less than ¾ percent for the emerging market countries. 410 0$aIMF working paper ;$vWP/05/8. 517 3 $aImplicit transfers in International Monetary Fund lending, 1973-2003 606 $aLoans$zDeveloping countries 606 $aSubsidies$zDeveloping countries 615 0$aLoans 615 0$aSubsidies 700 $aZettelmeyer$b Jeromin$01598456 701 $aJoshi$b Priyadarshani$01601292 712 02$aInternational Monetary Fund.$bResearch Dept. 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910813823703321 996 $aImplicit transfers in IMF lending, 1973-2003$94204870 997 $aUNINA