The work evaluates the impact of International Monetary Fund programs on official development assistance flows to low-income countries. The analysis uses an econometric methodology to compare countries with similar characteristics, while also taking into account the factors that influence the probability of receiving financial assistance from the IMF.
The estimates show that low-income countries enrolled in financial assistance programs with the IMF receive, all other things being equal, a greater inflow of official development assistance; this is observed for both multilateral and bilateral aid. The effect is lower for countries that fail to meet the conditions set out in the IMF-supported assistance program.
