Download or read book Safeguards Assessments 2006 Update written by International Monetary Fund. Legal Dept. and published by International Monetary Fund. This book was released on 2006-10-31 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides Executive Directors with an update of safeguards assessment activities through the first half of 2006. This is the first update report following the review of the safeguards policy in April 2005, when Directors agreed that such reports should be prepared on an annual basis going forward rather than on a semi-annual basis.
Download or read book Safeguards Assessments 2007 Update written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2007-11-10 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides Executive Directors with an update of safeguards assessment activities from July 1, 2006 through June 30, 2007. This is the second annual update report of safeguards activities since the last review of the safeguards policy in April 2005. The next review of the policy by the Executive Board is scheduled for 2008.
Download or read book Safeguards Assessments 2008 Update written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2008-12-23 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Safeguards Activities. In the year to June 30, 2008, 10 safeguards assessments were conducted bringing the total number of assessments completed since 2000 to 122. At year-end, 72 central banks were subject to ongoing safeguards monitoring. Assessment activity has also included several recent high-profile cases of misreporting or misuse, along with intensive analysis of special audit reports initiated in such cases. In the latter part of 2008, staff developed modalities for expedited safeguards assessments under the Emergency Financing Mechanism.
Download or read book The Safeguards Policy Independent Panel s Advisory Report written by International Monetary Fund. Legal Dept. and published by International Monetary Fund. This book was released on 2010-11-08 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: In March 2009, the Fund established a new Framework Administered Account to administer external financial resources for selected Fund Activities (the “SFA Instrument”). The financing of activities under the terms of the SFA Instrument is implemented through the establishment and operation of a subaccount within the SFA. This paper requests Executive Board approval to establish the Kuwait Subaccount for Selected Fund Activities (the “Subaccount”) under the terms of the SFA instrument.
Download or read book Safeguards Assessments Policy External Expert Panel s Advisory Report written by International Monetary Fund and published by International Monetary Fund. This book was released on 2015-09-24 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report by the external expert panel (“the panel”) examines the effectiveness and appropriateness of the safeguards assessments policy in the five years since its last review in 2010. In addition to expressing an opinion on the effectiveness and appropriateness of the safeguards assessment policy, the panel also makes recommendations to the Executive Board for its consideration to improve and optimize the benefits to be garnered from the safeguards assessment policy. The panel’s opinion is based on (i) consultations with key stakeholders, including central bank authorities, IMF Executive Directors’ offices, Fund and World Bank staff; (ii) examination of safeguards assessment and other Fund-specific documents; and (iii) study of international reference materials.
Download or read book Safeguards Assessments 2012 Update written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2012-08-31 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: The safeguards policy was introduced in 2000 to reduce the risks of misuse of Fund resources and misreporting of program monetary data to the Fund. It supports the Fund’s approach to prudent lending and complements other safeguards such as program design, conditionality, and access limits, to name a few. Some 242 assessments of 92 central banks have been completed since 2000. Assessments are followed by a period of monitoring for as long as Fund credit is outstanding.
Download or read book Safeguards Assessments 2013 Update written by International Monetary Fund and published by International Monetary Fund. This book was released on 2013-07-10 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: The safeguards policy, introduced in 2000, is designed to reduce the risks of misuse of Fund resources and misreporting of program monetary data to the Fund. It supports the Fund’s approach to prudent lending and complements other safeguards, including program design, conditionality, and access limits. Safeguards assessments are required for almost all member countries seeking Fund financing, and are followed by a period of monitoring for as long as Fund credit is outstanding
Download or read book Safeguards Assessments 2009 Update written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2009-12-15 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides Executive Directors with an update of safeguards assessment activities from July 1, 2008 through June 30, 2009. In common with previous updates, it covers the various types of safeguards activities undertaken during the year, highlighting the increased activity associated with the “twin crises” of food and fuel price shocks and the global financial crisis during 2008/09. It also briefly discusses developments in the latter part of that year, including the separate safeguards procedures introduced for members accessing the Flexible Credit Line (FCL).
Download or read book Safeguards Assessments 2011 Update written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2011-09-16 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: Under the Fund’s safeguards policy introduced in 2000, assessments of central banks are carried out for countries seeking financing from the IMF. They are part of the Fund’s approach to prudent lending and complement the Fund’s other safeguards such as program design, conditionality, and access limits, to name a few. The assessments aim to provide reasonable assurance that governance and controls can protect Fund resources from misuse and guard against misreporting of monetary data used for program monitoring purposes.
Download or read book Safeguards Assessment 2017 Update written by International Monetary Fund and published by International Monetary Fund. This book was released on 2017-10-26 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: activity remained consistent with recent years. 21 assessments were completed during the update period (September 2015-April 2017) and five were in progress at the end of the period. Activity continues to average around 13 assessments per year. While the number of central banks under monitoring decreased slightly from 67 to 63, some monitoring cases required intense engagement due to safeguards challenges that emerged. These related to forensic investigations, governance reforms, and a deterioration in safeguards frameworks of central banks facing difficult external conditions.
Download or read book The Gambia written by International Monetary Fund and published by International Monetary Fund. This book was released on 2007-03-22 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the Request from Gambia for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF) and for Additional Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries (HIPC). The Gambian authorities are requesting a three-year PRGF arrangement to support their economic reform program and to help them make progress toward the HIPC completion point. The program aims to consolidate recently achieved macroeconomic stabilization while addressing the formidable challenges faced by the country, including debt distress, vulnerability to exogenous shocks, and widespread poverty.
Download or read book Safeguards Assessments Review of Experience written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2010-11-08 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents the Fund’s net income outcome for FY 2010. The actual outcomes in this paper follow the closing of the Fund’s accounts for the financial year and completion of the FY 2010 external audit conducted by Deloitte & Touche, the Fund’s external auditor. The paper also provides an update on the restructuring costs incurred during FY 2010.
Download or read book Republic of Madagascar written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2017-12-18 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses Madagascar’s Second Review Under the Extended Credit Facility (ECF) Arrangement and Request for Modification of Performance Criteria (PC). Madagascar’s implementation of its economic program supported by the ECF has remained strong. All quantitative PCs and indicative targets were met at end-June 2017, and the program’s structural agenda is also advancing. The gradual economic recovery has continued, with solid growth and continued macroeconomic stability despite the drought and cyclone that affected Madagascar in early 2017. Fiscal performance has been roughly as planned, with strong revenue performance offsetting some unexpected spending pressures in 2017.
Download or read book Safeguards Assessments Review of Experience written by International Monetary Fund and published by International Monetary Fund. This book was released on 2015-09-23 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews experience with the safeguards assessment policy since the last review in 2010. The policy is subject to periodic reviews by the Executive Board. The policy’s main objective is to mitigate risks of misuse of Fund resources and misreporting of monetary data under Fund arrangements. Consistent with past reviews, an external panel of experts provided an independent perspective on the implementation of the policy.
Download or read book Cambodia written by International Monetary Fund and published by International Monetary Fund. This book was released on 2006-07-20 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cambodia achieved macroeconomic stability underpinned by prudent fiscal and monetary policies. Executive Directors commended this development. They welcomed the National Strategic Development Plan for reducing poverty, enhancing physical infrastructure, and improving social services. They appreciated the public financial management reform program, and encouraged to hasten the program’s implementation by introducing the new Chart of Accounts for the budget and by rationalizing government bank accounts. They stressed the need to improve governance to enhance the business environment and strengthen revenue collection.
Download or read book Guinea Bissau 2006 Article IV Consultation Review of Developments Under the 2005 Staff Monitored Program and New Staff Monitored Program for 2006 Staff Report Public Information Notice on the Executive Board Discussion and Statement by the Executive Director for Guinea Bissau written by International Monetary Fund and published by International Monetary Fund. This book was released on 2006-08-21 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite abundant natural resources and arable land, Guinea-Bissau is ranked at the lowest end of the UN human development index, mainly because of the civil war of 1998–99 and the ensuing prolonged political instability and serious governance deficiencies thereafter. Since mid-2004, Guinea-Bissau has made a major effort to address the political and economic problems of recent years. The fiscal balance improved, but cash flow problems persisted throughout 2005. Higher imports and strengthened tax and customs administration helped buoy tax revenue.
Download or read book Former Yugoslav Republic of Macedonia written by International Monetary Fund and published by International Monetary Fund. This book was released on 2009-02-18 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: The staff report for the 2008 Article IV Consultation of the Former Yugoslav Republic of Macedonia discusses economic developments and policies. The new government’s economic program aims to raise growth further, but does not address these vulnerabilities. Plans to increase the central government deficit permanently to about 2 percent of GDP or perhaps even higher risk worsening external vulnerabilities. The main risk to growth and macroeconomic stability is the widening current account deficit.
