Main Article Content

Abstract

This paper briefly investigates the impact of the participation of Egypt in the IMF loan program in November 2016 on Egyptian macroeconomic performance and social protection. It uses the )before-after( approach to measure the changes in the macroeconomic variables. All the variables are measured by using descriptive analyses. It was found that the effects of the IMF program were positive, and the macroeconomic performance along with social protection programs have significantly improved.

References

  1. Barro, R. J. & Lee, J. W. (2005). IMF-Programs: Who Is Chosen and What are the Effects? Journal of Monetary Economics, 52 (7), 1245-1269.
  2. Binder, M., & Bluhm, M. (2014). On the Conditional Effects of IMF Loan Program Participation on Output Growth (No. 78). IMFS Working Paper Series.
  3. Dicks-Mireaux, L., Mecagni, M., & Schadler, S. (2000). Evaluating the effect of IMF lending to low-income countries. Journal of Development Economics, 61(2), 495-526.
  4. Dreher, A. (2006). IMF and economic growth: The effects of programs, loans, and compliance with conditionality. World Development, 34(5), 769-788.
  5. Fidrmuc, J., & Kostagianni, S. (2015). Impact of IMF assistance on economic growth revisited. Economics and Sociology, V (8) 3.
  6. Hajro, Z., & Joyce, J. P. (2009). A true test: do IMF programs hurt the poor?. Applied Economics, 41(3), 295-306.
  7. International Labor Organization. (2017). Executive Summary: World Social Protection Report. Retrieved from: http://www2.ilo.org/public//english/protection/socfas/publ/tcrep/egypr16.pdf
  8. International Monetary Fund (IMF). (2018). Arab Republic of Egypt: Review Under The Extended Arrangement Under The Extended Fund Facility, And Requests For A Waiver Of Nonobservance Of A Performance Criterion And For Modification Of A Performance Criterion-Press Release; Staff Report; And Statement By The Executive Director For The Arab Republic Of Egypt. Retrieved from: https://www.imf.org/en/Publications/CR/Issues/2018/07/12/Arab-Republic-of-Egypt-Third-Review-Under-the-Extended-Arrangement-Under-the-Extended-Fund-46061
  9. International Monetary Fund. (2019). World Economic Outlook Database. Retrieved from: https://www.imf.org/external/datamapper/datasets/WEO
  10. International Monetary Fund. The Middle East and Central Asia Dept. (2019). Arab Republic of Egypt: Fourth Review Under the Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for the Arab Republic of Egypt. Retrieved from: https://www.imf.org/en/Publications/CR/Issues/2019/04/05/Arab-Republic-of-Egypt-Fourth-Review-Under-the-Extended-Arrangement-Under-the-Extended-Fund-46738
  11. Przeworski, A. & Vreeland, J. R. (2000). The Effect of IMF Programs on Economic Growth.
  12. Journal of Development Economics, 62, 385-421.

Article Details

How to Cite
Saeed, M. (2019). Impact of the IMF Loan Program on Macroeconomic Performance and Social Protection in Egypt 2016/2019. Management & Economics Research Journal, 1(3), 54-61. https://doi.org/10.48100/merj.v1i3.42
Cited by