Download or read book Implementation Plan in Response To The Board Endorsed Recommendations From The IEO Evaluation Report On IMF Collaboration With The World Bank On Macro Structural Issues written by International Monetary and published by International Monetary Fund. This book was released on 2021-10-12 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Management Implementation Plan (MIP) focuses on further strengthening collaboration between the IMF and the World Bank on strategic macro-structural issues. In macro-structural areas, the Fund and the Bank have complementary roles. The Bank provides structural and development-focused assessments and recommendations, while the Fund focuses on integrating macro relevant structural issues in the macroeconomic frameworks and policies. In some areas, including financial sector and public debt sustainability assessments, Bank-Fund collaboration modalities are well established. In other areas, such as climate change, Fund staff is developing comprehensive strategies on how the IMF can step up its engagement and collaboration with external partners, including with the World Bank, to better serve its membership. This MIP proposes concrete steps aimed at further enhancing: • Bank-Fund collaboration on strategic macro-structural issues, with an initial focus on the climate workstream; • Fund staff’s incentives for collaboration with external partners, including the Bank • Access to and exchange of information and knowledge between Bank and Fund staff.
Download or read book IMF Collaboration with the World Bank on Macro Structural Issues written by International Monetary Fund and published by . This book was released on 2021-01-25 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This report evaluates the IMF's effectiveness in collaborating with the World Bank as the Fund worked to raise the quality and influence of its work on macro-structural issues and contain costs. It focuses in particular on IMF pilot initiatives to enhance coverage of inequality, gender, energy/climate, and macro-structural reforms in Article IV surveillance. The evaluation found overall that IMF collaboration on macro-structural issues has been broad but uneven. While informal consultation was widespread, initial aspirations that the Fund would be able to systematically leverage Bank expertise proved over-optimistic, and we found relatively few examples of in-depth collaboration. This reflected in part the decentralized approach adopted in the pilots, but also resulted from a tendency toward self-reliance on the part of Fund staff as well as the institutional complexities of working with the Bank, including finding access to the right people and inputs and aligning goals and timetables. The evaluation concluded that collaboration can bring significant benefits to the quality and influence of Fund work but also poses challenges and is not a panacea for extending the Fund's ability to cover a widening range of issues at a time when resources are under strain. It recommended that the IMF develop and agree on concrete frameworks to ensure effective collaboration with the World Bank on key macro-structural issues (such as climate) where collaboration is judged to bring the greatest strategic returns. Recognizing that more effective collaboration depends not only on the Fund, but also on other partners, the evaluation also recommended that the Fund improve internal incentives and address the wider cultural reluctance to engage with external partners; work with the World Bank to improve access to and exchange of information and knowledge across the two institutions; and strengthen the strategic role of the Executive Board in facilitating and supporting external collaboration.
Download or read book Statement by the Managing Director on the Independent Evaluation Office Report on IMF Collaboration with the World Bank on Macro Structural Issues June 15 2020 written by International Monetary Fund. Independent Evaluation Office and published by INTERNATIONAL MONETARY FUND. This book was released on 2020-11-24 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Statement by the Managing Director on the Independent Evaluation Office Report on IMF Collaboration with the World Bank on Macro-Structural Issues
Download or read book Strengthening IMF World Bank Collaboration on Country Programs and Conditionality Progress Report written by World Bank and published by International Monetary Fund. This book was released on 2004-02-24 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: NULL
Download or read book Key Aspects of Macroprudential Policy Background Paper written by International Monetary Fund. Fiscal Affairs Dept. and published by International Monetary Fund. This book was released on 2013-10-06 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: The countercyclical capital buffer (CCB) was proposed by the Basel committee to increase the resilience of the banking sector to negative shocks. The interactions between banking sector losses and the real economy highlight the importance of building a capital buffer in periods when systemic risks are rising. Basel III introduces a framework for a time-varying capital buffer on top of the minimum capital requirement and another time-invariant buffer (the conservation buffer). The CCB aims to make banks more resilient against imbalances in credit markets and thereby enhance medium-term prospects of the economy—in good times when system-wide risks are growing, the regulators could impose the CCB which would help the banks to withstand losses in bad times.
Download or read book Progress Report to The IMFC on The Activities of The Independent Evaluation Office of The IMF written by International Monetary Fund. Independent Evaluation Office and published by International Monetary Fund. This book was released on 2021-10-14 with total page 2 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the 2021 Spring Meetings, the IEO has concluded its evaluation on Growth and Adjustment in IMF-Supported Programs and has made significant headway in three other evaluations. Good progress has also been made in following up on past IEO evaluations. However, it was disappointing that the recent implementation plan aimed at strengthening IMF collaboration with the World Bank on climate and other macro-structural issues did not include a commitment to one key Board-endorsed recommendation, specifically to develop a concrete framework for Bank-Fund collaboration on climate issues.
Download or read book International Monetary Fund Annual Report 2019 Financial Statements written by International Monetary Fund and published by International Monetary Fund. This book was released on 2019-10-04 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: The audited consolidated financial statements of the International Monetary Fund as of April 30, 2019 and 2018
Download or read book How to Gain the Most from Structural Conditionality of IMF Supported Programs written by Mr. Jochen R. Andritzky and published by International Monetary Fund. This book was released on 2021-05-13 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Structural conditionality of IMF-supported programs is designed to support structural reforms by countries borrowing from the IMF. Taking stock of program conditions and their implementation, this paper finds that conditionality focuses on fiscal, monetary and financial issues—areas where IMF expertise is strong—and shies away from structural areas such as labor or product market reforms. Hence, tackling deep-rooted structural issues during IMF-supported programs often remained elusive. To ensure countries gain most from IMF conditionality, the paper outlines an evaluation matrix for prioritizing and designing structural reforms, and applies it to case studies.
Download or read book Report of the External Review Committee on IMF World Bank Collaboration written by International Monetary Fund and published by International Monetary Fund. This book was released on 2007-02-23 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Bank and Fund are the only two international financial institutions with near universal membership. They have an important role to play in providing global public goods and in helping countries obtain the benefits of globalization, as well as handle the pressures it creates. While the Bank and Fund have separate mandates, they are inherently linked and close collaboration is vital. Indeed, the costs to members of poor collaboration would be significant. Although there are many examples of good collaboration and there have been clear improvements over the years, there is scope for further improvements in the view of the Committee.
Download or read book International Monetary Fund Annual Report 2021 written by International Monetary Fund. Secretary's Department and published by International Monetary Fund. This book was released on 2021-10-04 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: A recovery is underway, but the economic fallout from the global pandemic could be with us for years to come. With the crisis exacerbating prepandemic vulnerabilities, country prospects are diverging. Nearly half of emerging market and developing economies and some middle-income countries are now at risk of falling further behind, undoing much of the progress made toward achieving the UN Sustainable Development Goals.
Download or read book World Bank International Monetary Fund Collaboration on Public Expenditure Issues written by International Monetary Fund. Fiscal Affairs Dept. and published by International Monetary Fund. This book was released on 2003-02-14 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: NULL
Download or read book The International Monetary and Financial System written by Gerry Helleiner and published by Springer. This book was released on 1996-02-12 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains papers addressing the major problems and possible reforms in the international monetary and financial system from the perspective of developing countries. Among the issues addressed are global macroeconomic management, international liquidity, volatile private capital flows, structural adjustment, governance in the IMF and World Bank, the role of the regional development banks, and the potential for developing country cooperation.
Download or read book IEO Annual Report 2021 written by International Monetary Fund. Independent Evaluation Office and published by International Monetary Fund. This book was released on 2021-09-09 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: IEO Annual Report 2021
Download or read book International Monetary Fund Handbook written by Parmeshwar Ramlogan and published by International Monetary Fund. This book was released on 2007-04-13 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper describes the functions, policies, and operations of the IMF. The IMF is an independent international organization, and is a cooperative of 185 member countries, whose objective is to promote world economic stability and growth. The member countries are the shareholders of the cooperative, providing the capital of the IMF through quota subscriptions. In return, the IMF provides its members with macroeconomic policy advice, financing in times of balance-of-payments need, and technical assistance and training to improve national economic management.
Download or read book Challenges to the World Bank and IMF written by Ariel Buira and published by . This book was released on 2003 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: This challenging and unique new volume examines some of the most burning issues on the economic agenda in the world today. Bringing together a number of the foremost authorities in their fields, this book is the result of work carried out on behalf of the G24, the world s only research effort devoted to furthering the interests of developing countries, and bringing their needs to global attention. Nowhere is the voice of the developing nations expressed as cogently and powerfully as in the essays contained in this volume.Challenging the existing mechanisms for the governance of the world economy, the chapters in this book consider the current approaches of the IMF and World Bank, and the operations of financial markets and offer alternative proposals for the effective participation of developing countries in these for a. IN doing so, the volume ranges from discussions on reforming the IMF and its conditionality, debt workouts and restructuring, through management of capital flows, debt sustainability and insurance against crisis, to Millennium Development Goals and the global partnership development. This volume is a compelling reminder of the long road to be travelled before the governance of the world economy becomes truly responsive to the aspirations and needs of the developing world.
Download or read book Enhancing Collaboration Joint Management Action Plan written by International Monetary Fund and published by International Monetary Fund. This book was released on 2007-09-20 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: In March 2006, the Managing Director of the International Monetary Fund (IMF) and the President of the World Bank commissioned the External Review Committee on IMF-World Bank Collaboration to look at the status of institutional collaboration and provide suggestions for improvement. The Committee’s report, released in February 2007, called for the strengthening of the culture of collaboration in the two institutions, and made a number of specific proposals in that direction. The Joint Management Action Plan (JMAP) was prepared against this background, and the actions agreed between Bank and Fund managements in the JMAP are scheduled to be presented in informal Board meetings in early October. The JMAP will be launched immediately after the Annual Meetings. The goal is for most new systems to be operational in time for the preparation of FY09 budgets.
Download or read book The IMF and the World Bank at Sixty written by Ariel Buira and published by Anthem Press. This book was released on 2005 with total page 363 pages. Available in PDF, EPUB and Kindle. Book excerpt: An authoritative review of the position of the IMF and World Bank in their sixtieth year.
