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WORKING PAPERS
June 10, 2024
The IMF was not included in the recent review of multilateral development banks’ capital adequacy frameworks that proposed reforms to allow them to expand their lending to developing countries. The paper considers whether this review contained lessons for the IMF despite its distinct role and financ...
WORKING PAPERS
January 17, 2024
The IMF is filling a critical gap in its mandate by mainstreaming gender into its work. Closing gender gaps is macro-critical because they go hand-in-hand with higher economic growth, greater financial stability, and lower income inequality. Applying a gender lens to macroeconomic, financial, and st...
WORKING PAPERS
November 27, 2023
International financial institutions (IFIs) appear to agree that quality of policymaking sees gains from diversifying the body of policymakers, all issuing diversity, equity, and inclusion statements. But how do these institutions perform when it comes to their own staff— do they lead by example? We...
WORKING PAPERS
December 14, 2020
Between 2011 and 2016, the Affordable Medicines Facility-Malaria (AMFm) subsidy program substantially increased access to WHO prequalified artemisinin combination therapies (ACTs) through Africa’s private sector pharmacies and drug-sellers. While the program was rigorously and extensively evaluated,...
WORKING PAPERS
May 14, 2020
The IMF’s forecasts of GDP growth in 2020 suggest a substantially muted impact of the COVID crisis for developing countries compared to advanced economies. We hope that the relative optimism will not induce complacency and elicit a less-than-forceful response by countries themselves nor legitim...
WORKING PAPERS
April 23, 2019
With the goal of driving down drug costs, governments across the globe have instituted various forms of pharmaceutical price control policies. In this paper, we examine the theoretical and empirical effects of one implementation of pharmaceutical price controls, in which the Indian government placed...
WORKING PAPERS
April 03, 2019
This paper focuses on the role that price transparency may play in the efficient and effective procurement of medicines by middle- and low-income countries. Will making prices publicly available make procurement more efficient and cost-effective medicines more accessible? We conclude that transparen...
WORKING PAPERS
February 28, 2017
This paper addresses four misconceptions (or ‘myths’) that have likely played a role in the limited utilization of the IMF’s two precautionary credit lines, the Flexible Credit Line (FCL) and the Precautionary and Liquidity Line (PLL). These myths are 1) too stringent qualific...