I. Introduction; II. Selective Review of the Literature on Trust; III. Trust in the Context of an IMF-Supported Program; Figure 1. Dependency Map; A. Trust and Program Design; B. Trust and Program Negotiation; C. Trust and Program Implementation; IV. An Outcomes-Based Model of Trust; V. Conclusions and Implications for the IMF; A. Trust and Program Success; B. Trust Building in a Program Context; C. Issues for Further Research; References
Summary
This paper is an attempt to identify the determinants of trust between country authorities and IMF staff in the context of an IMF-supported program. Using an outcomes-based definition of trust, a game-theoretic model is developed to compute the level of trust between the two parties. The results and the analysis of trust-related issues emerging in a program context suggest that trust between country authorities and IMF staff exerts a positive impact on the likelihood of program success through its ability to improve the quality of the design, the efficiency of negotiation, and the effectiveness of implementation of an IMF-supported program. Some initiatives to secure such benefits and enhance trust in staff are proposed
Bibliography
Includes bibliographical references (pages 29-30)
Notes
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