01512cas a2200241 a 4500 AALejournalIMF010057 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451963465 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. The Macroeconomic Impacts of Counterpart Funds. Washington, D.C. : International Monetary Fund, 1989. 1 online resource (22 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper analyzes the macroeconomic impacts of the creation, accumulation, and use of counterpart funds. It draws attention to the importance of including counterpart funds in the design of macroeconomic policies to ensure their consistency. It shows that the creation or accumulation of counterpart funds in most cases is deflationary while their uses are inflationary. One conclusion is that 'untied' counterpart funds are more appropriate for countries implementing an adjustment program. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1989/063 Full text available on IMF http://elibrary.imf.org/view/journals/001/1989/063/001.1989.issue-063-en.xml IMF e-Library