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The Macro-Fiscal Impacts of Post-Disaster IMF Financing : Evidence from a Synthetic Control Approach / Pedro Juarros, Junko Mochizuki.
- Format:
- Book
- Government document
- Author/Creator:
- Juarros, Pedro.
- Series:
- IMF Working Papers; Working Paper ; No. 2026/091
- IMF Working Papers
- Language:
- English
- Physical Description:
- 1 online resource (32 pages)
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2026.
- Summary:
- The IMF provides macro-stabilizing liquidity when others cannot. The IMF has developed a set of instruments designed to provide rapid financial assistance to countries facing urgent balance of payments needs without requiring a full-fledged economic program, triggered by exogenous natural disasters shocks. We evaluate the impact of IMF emergency financing after natural disaster using a synthetic control method. The results show that IMF post-disaster financing supports a faster GDP recovery, with an implied average IMF post-disaster multiplier larger than 1. The findings suggest strong liquidity and catalytic effects, enabling countercyclical fiscal responses. However, the resulting increase in public debt underscores the need for credible medium-term fiscal plans and post-disaster consolidation to maintain debt sustainability.
- Notes:
- Description based on print version record.
- ISBN:
- 9798229046848
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