capital strongaccountstrong policies, imf programs and growth in.pdf

No 217– January 2015 Capital Account Policies, IMF Programs and Growth in Developing Regions Zorobabel Bicaba, Zuzana Brixiová, and Mthuli Ncube Editorial Committee Rights and Permissions All rights reserved. Steve Kayizzi-Mugerwa (Chair) Anyanwu, John C. Faye, Issa The text and data in this publication may be Ngaruko, Floribert reproduced as long as the source is cited. Shimeles, Abebe Reproduction for commercial purposes is Salami, Adeleke O. forbidden. Verdier-Chouchane, Audrey The Working Paper Series (WPS) is produced by the Development Research Department of the African Development Bank. The WPS disseminates the Coordinator findings of work in progress, preliminary research results, and development experience and lessons, Salami, Adeleke O. to encourage the exchange of ideas and innovative thinking among researchers, development practitioners, policy makers, and donors. The