Download Aid and Power in the Arab World: World Bank and IMF by Jane Harrigan, Hamed El-Said (eds.) PDF

By Jane Harrigan, Hamed El-Said (eds.)

ISBN-10: 1137001593

ISBN-13: 9781137001597

ISBN-10: 1349303240

ISBN-13: 9781349303243

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Aid and Power in the Arab World: World Bank and IMF Policy-Based Lending in the Middle East and North Africa

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In order to fully understand economic performance in the region and the need for both financial support and economic reform from the mid-1980s onwards (and hence a role for the IMF and World Bank) it is necessary to divide performance into sub-periods. During the 1973–81 period, the region’s wealth and industrial structure was concentrated on oil. During this period the region as a whole also enjoyed substantial inflows of so-called Official Development Assistance (ODA) from DAC bilateral donors, non-DAC bilateral donors and multilateral donors.

30 US influence is captured by the dummy variable PEACE, which indicates whether a country signed a peace treaty with Israel or not. 31 The estimation is conducted in a pooled sample with 11 countries between 1975 and 2000. The detailed variable definition, data sources and the country list are reported in Appendix 3. 32 The first stage of the analysis focuses only on the economic variables, which may reflect the presence of a financial or macroeconomic problem that might prompt the government to approach the IMF for resources and which may be used by the IMF to decide on loan eligibility.

57) Fiscal adjustment One of the greatest successes of the programme was the abrupt turn around in the fiscal position.

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Aid and Power in the Arab World: World Bank and IMF Policy-Based Lending in the Middle East and North Africa by Jane Harrigan, Hamed El-Said (eds.)


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