Implications for IMF Policies arising from Effects on Developing Countries of Industrial-Country Macroeconomic Policies
A study of the effects on developing countries of the macroeconomic policies of industrial countries was commissioned by the Intergovernmental Group of Twenty-Four on International Monetary Affairs (G-24); it was submitted to the Ministers at their meeting in Washington on 25 September 1993. In welcoming the study, the Ministers ‘drew attention to the study’s principal conclusion that performance of the developing countries is not only affected by industrial-country policies, but also directly affects the prospects for growth in the industrial world’. Ministers called on the Fund ‘to continue work on the interdependencies between industrial and developing country policies as an integral part of its surveillance responsibilities’ (IMF, 1993c, p. 334). Other conclusions of the study (referred to hereafter as the G-24 study) are summarized in the annex to this paper.
KeywordsEurope Income Coherence Assure Turkey
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