IMF and IBRD policies in the former Czechoslovakia

The role of the World Bank and the International Monetary Fund in Czechoslovakia's stabilization program was investigated with respect to their influence on the degree of resource mobilization and the level of policy discussions. The two institutions, which did not maintain relations with the country prior to 1989, contributed to the success of the program through their support of resource transfers. The program's success, however, should also be attributed to other coincidental factors such as tourism and location.