Imf lending facilities and economic performance: Case study of Bangladesh, Pakistan and Sri Lanka

International Monetary Fund (IMF) is a universal financial institution functioning at world level with 189 member countries to foster global monetary co-operation, secure financial stability, facilitate international trade, promote employment and sustainable growth and reduce poverty. It lends the member countries to attain viable balance of payment and economic growth through different lending facilities or programs. It provides financial support to member countries under policy package. Whether the fund programs are effective in achieving the macro economic objectives of a country or not? The present paper has tried to examine the economic performance of Bangladesh, Pakistan and Sri Lanka under IMF lending facilities or programs between 1990–2015. To examine the performance of these countries under IMF lending facilities, 9 variables such as gross domestic product, consumption as per cent of GDP, gross national capital formation as per cent of GDP, gross national saving as per cent of GDP, exports as per cent of GDP, imports as per cent of GDP, current account balance as per cent of GDP, overall balance and inflation have been analysed. The average 3 years performance before, during and after the programs has been calculated for given variables. The study has employed the difference means and total number program method for three years and after data. The study has found that Bangladesh and Sri Lanka have performed well after the program implementation, whereas the performance of Pakistan is not satisfactory.