financial programming

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financial programming

economics

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International Monetary Fund
Financing balance-of-payments deficits
…an analytic framework known as financial programming, which was first fully formulated by IMF staff economist Jacques Polak in 1957, to determine the amount of the loan and the macroeconomic adjustments and structural reforms needed to reestablish the country’s balance-of-payments equilibrium. The IMF has several financing programs, or facilities, for…
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…an analytic framework known as financial programming, which was first fully formulated by IMF staff economist Jacques Polak in 1957, to determine the amount of the loan and the macroeconomic adjustments and structural reforms needed to reestablish the country’s balance-of-payments equilibrium. The IMF has several financing programs, or facilities, for…
Read More