David Bevan


David Bevan is a Fellow of St John’s College, Oxford, and one of the founders of the Centre for the Study of African Economies in the University’s Department of Economics. His main research interests are in the fields of public economics, and of macroeconomic policy analysis in low-income countries; his research includes studies of Ethiopia, Indonesia, Kenya, Nigeria, Tanzania, Uganda and Zambia. He has been a visiting professor at Princeton University, the Australian National University, and the University of Clermont Ferrand, a visiting scholar at the IMF, and served as chair of the research sub-committee of the African Economic Research Consortium. He has worked for the British and Kenyan Governments, and acted as consultant to the World Bank, ILO, European Union, and DFID.




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The IMF and Low-Income Countries
Author: David Bevan

There is a wide-ranging debate about possible redefinitions of the role and structure of the IMF itself, and of the Bretton Woods Institutions more generally. This paper has a more restricted focus, on the way in which the IMF interacts with the low-income countries amongst its constituents. It addresses four related topics. The first two are concerned with whether the Fund could remain fully engaged with these countries without actually making loans, and what would be required for it to deliver on its commitment to a more flexible macroeconomic approach. The others examine the Fund’s approach to the debt sustainability issue and the nature of its technical assistance, and how well tailored these are to the circumstances of low-income countries. There is a strong case for strengthening the underpinnings of the Fund’s technical assistance, to develop a more focused low-income analytic perspective, to build its own capacity to assist countries to explore their macroeconomic options, and more systematically to evaluate its technical advice in the light of the outcomes it has helped induce.

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