Belmont University Research Symposium (BURS)


The International Monetary Fund’s Success in Developing Countries

Publication Date

Spring 5-31-2023


Liberal Arts and Social Sciences, College of


Political Science, Department of

BURS Faculty Advisor

Nathan Griffith, Ph.D.

Presentation Type

Oral Presentation


Established in 1944, the International Monetary Fund (IMF) assumed the position of the chief steward of the world’s monetary system. When the fixed exchange rates collapsed in 1973, the fund expanded its area of influence and broadened its scope to include developing countries from Africa, Asia, and Latin America. I address the question of the effectiveness and appropriateness of the IMF. Theoretically, every IMF program should be a success. Why is it successful in some countries and not others? Those who criticize the fund believe that economically troubled countries are stuck in the IMF loop once they turn to it for help. Much scholarship suggests that the IMF has more stories of failures than successes. This thesis examines the IMF’s progress and conditionality in multiple developing countries. I will use a quantitative approach to analyze developing countries’ loan conditions and compliance data to see how it affects economic growth.

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