PROJECT
PROPOSAL
TOPIC:
Evaluation of the Effect of International Monetary Fund (IMF) Loan Policy on Developing
Economy.
INTRODUCTION
Loans from the International
Monetary Fund (IMF) largely come with policy change conditions attached – conditions
that the IMF has played a significant role in developing. Criticisms of the
excessive burden and politically sensitive nature of these conditions led to
significant reviews at the IMF and the introduction of some conditionality-free
facilities, although these are limited in scope. The IMF claims to have limited
its conditions to critical reforms agreed by recipient governments. However,
the worrying findings of this research suggest that the IMF is going backwards
– increasing the number of structural conditions that mandate policy changes
per loan, and remaining heavily engaged in highly sensitive and political
policy areas.
CHAPTER
ONE
STATEMENT
OF THE PROBLEM
The rise of IMF lending and crisis
mediation since the early 1980s reflects, in large part, the development of
dysfunctional relationship between lenders and borrowers in international
finance. Referring the relationship requires that moral hazard be reduced and
that crises prevention and management be more effective. The IMFs new initiatives
to deal with crises, however are likely to be ineffective. An approval based on
greater reliance on two-party negotiation holds more promise in stabilizing the
international financial system than current approach, in which the IMF too
often becomes a burdensome third party.
OBJECTIVES
OF STUDY
It is obvious that economic
problems of developing nations have consistently defied solutions. This
research work will focus attention on the evaluation of the effect of international
monetary fund (IMF) loan policy on developing economy. To achieve this, the
following objectives will be pursued.
i.
To assess the various
IMF loan policies
ii.
To examine the impact
of IMF loan policies on developing nations
iii.
To analyze the
challenges faced by developing nation in accessing and paying back IMF loans.
iv.
To appraise
recommendation to be adopted by IMF and developing nation to reduce the adverse
effect of the various loan policies.
RESEARCH
QUESTIONS
To achieve the objectives of this
study the researcher tries to find out solution to the following research
questions.
i.
What are the IMF loan
policies?
ii.
Has the IMF loan
policies any adverse effects on the economy of developing nations?
iii.
Has the implementation
of IMF loan any adverse effect on the economy of developing nations?
iv.
What is the variation
of the IMF loan policy from developed nations and the developing ones?
v.
What is your assessment
of the impact of IMF loan policies on developing nations?
RESEARCH
HYPOTHESIS
H0: IMF loan policy has negatively
impacted on the economy of developing nations
H1: IMF loan policy has positively
impacted on the economy of developing nations
SCOPE
OF THE STUDY
This study covers the evaluation of
IMF loan policies on developing nations. This is a wide area to cover, but as a
result of limited time and resources the researcher deem it fit to reduce the
scope of the study to Nigeria alone since the condition of Nigeria economy and
the impact of IMF loan policies is the same with other developing nations of
the world.
CHAPTER
TWO
Literature review
Conceptual frame work
Empirical framework
Theoretical frame work
Organization and structure of fund
International monetary fund (IMF)
debate in Nigeria
An approval of international
monetary fund (IMF) loan in Nigeria.
Functions of IMF
Problems faced by IMF
Conditionality of IMF loan
Contributions of the IMF
Areas of coverage / limitations/
constraints / challenges
Summary of chapter two
CHAPTER THREE
RESEARCH
METHODOLOGY
INTRODUCTION
This chapter extensively deals with
the methods and instruments used for gathering of data in respect of this
research work, and the technique adopted in analysing the data.
RESEARCH DESIGN
Considering the nature of the topic
under consideration, the type of design of the study adopted is survey design.
SOURCES
OF DATA
Data used for the purpose of this
research work were gathered from both primary and secondary sources.
METHOD
OF DATA COLLECTION
For the purpose of this research
work, a structured or closed ended questionnaire was used.
POPULATION SIZE
The population of the study was
made up of all the staff from the three selected financial institution in
Nasarawa. These financial institution are UBA, ECO Bank and Nasarawa Micro
Finance Bank
SAMPLE
PROCEDURE AND SAMPLING TECHNIQUES
The technique used for selecting
respondents for this study was the random sampling techniques. Forty (40) out
of the entire population of the staff were selected from the three financial
institutions. This technique was chosen to avoid bias in order to ensure fair
selection.
For detail information on this material click the link below: http://enemsmicrosystresearchspot.blogspot.com.ng/2015/11/evaluation-of-effect-of-international_16.html
No comments:
Post a Comment