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008 061226s2006 xx ||||gr |0|| 0 eng d
100 1 _aSTONE, Randall W.
_929438
245 1 0 _aThe Political Economy of IMF Lending in Africa
260 _aNew York, NY :
_bCambridge University Press,
_cNovember 2004
520 3 _aWhy has IMF lending achieved such poor results in Africa? Is it because the Fund imposes the wrong conditions, or because it fails to enforce them? Analysis of monthly data on 53 African countries from 1990 to 2000 shows that the IMF's loans-for-reform contract lacks credibility because donor countries intervene to prevent rigorous enforcement. Countries that have influence with developed-country patrons—as measured by U.S. foreign aid, membership in postcolonial international institutions, and voting profiles in the UN—are subject to less rigorous enforcement (shorter program suspensions). They have more frequent program suspensions, because they violate their conditions more often. The IMF will have to become more independent in order to become an effective champion of reform.
773 0 8 _tAmerican Political Science Review
_g98, 4, p. 577-591
_dNew York, NY : Cambridge University Press, November 2004
_xISSN 0003-0554
_w
942 _cS
998 _a20061226
_b1626^b
_cNatália
999 _aConvertido do Formato PHL
_bPHL2MARC21 1.1
_c21021
_d21021
041 _aeng