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 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 Safeguards Assessments 2022 Review of Experience written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2022-12-16 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews experience with the safeguards assessment policy since the last review in 2015. 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 Safeguards Assessments Review of Experience and Next Steps written by International Monetary Fund. Treasurer's Dept. and published by International Monetary Fund. This book was released on 2002-02-15 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: NULL

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 2005-03-31 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: The safeguards assessments policy was introduced in March 2000 to provide reasonable assurance that central banks have adequate financial control systems in place to manage their resources and Fund disbursements. The safeguards policy’s main objective is to minimize the possibility of misreporting or misuse of Fund resources associated with the Fund’s lending activities. Safeguards assessments apply to all member countries that have a Fund arrangement.

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 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 2014 Update written by International Monetary Fund and published by International Monetary Fund. This book was released on 2014-05-09 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: The safeguards policy aims to mitigate the potential risks of misuse of resources, including Fund resources, and misreporting of program monetary data. The policy, introduced in 2000, is an integral part of the Fund’s financing policies and complements other safeguards, such as program design, conditionality, and access limits. Safeguards assessments of central banks of the borrowing member are required for almost all forms of Fund financing, and are followed by a period of monitoring for as long as Fund credit is outstanding.

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 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 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 Assessment 2019 Update written by Mr.George M Kabwe and published by International Monetary Fund. This book was released on 2019-12-17 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: Safeguards assessments are a key pillar of the risk management arrangements for IMF lending. Safeguards assessments aim to mitigate the risks of misuse of Fund resources and misreporting of program monetary data under Fund arrangements. Safeguards assessment reports are confidential and therefore the IMF Executive Board is provided with a periodic report on safeguards activities on a biennial basis, in addition to high-level summaries in member country staff reports on key findings and recommendations. This update on safeguards activity covers the period May 2017 to end-April 2019 (the period).

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 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 Assessments Policy External Expert Panel s Advisory Report written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2022-12-16 with total page 37 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 2015. 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, and Fund 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 2023 Handbook of IMF Facilities for Low Income Countries written by International Monetary Fund. Strategy, Policy, & Review Department and published by International Monetary Fund. This book was released on 2023-04-21 with total page 191 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Handbook provides guidance to staff on the IMF’s concessional financial facilities and non-financial instruments for low-income countries (LICs), defined here as all countries eligible to obtain concessional financing from the Fund. It updates the previous version of the Handbook that was published in December 2017 (IMF, 2017e) by incorporating modifications resulting from the 2018–19 Review of Facilities for Low-Income Countries and Review of the Financing of the Fund’s Concessional Assistance and Debt Relief to Low-Income Member Countries (IMF, 2019a, b), approved by the Board in May 2019; the reforms introduced in 2021 on the basis of the Board paper Fund Concessional Financial Support for Low-Income Countries—Responding to the Pandemic (IMF, 2021a), approved in July 2021; and a number of other recent Board papers. Designed as a comprehensive reference tool for program work on LICs, the Handbook also refers, in summary form, to a range of relevant policies that apply more generally to IMF members. As with all guidance notes, the relevant IMF Executive Board decisions including the terms of the various LIC Trust Instruments that have been adopted by the Board, remain the primary legal authority on the matters covered in the Handbook.