Download or read book Staff Operational Guidance on The Dissemination of Capacity Development Information written by International Monetary and published by International Monetary Fund. This book was released on 2022-04-26 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Staff Operational Guidance on Dissemination of Capacity Development Information sets forth procedures on the dissemination of capacity development information, based on the objectives of wider, more active, and timelier sharing of information while safeguarding the Fund’s candor and role as trusted advisor. The guidance draws from internal consultations and Executive Directors’ views on the Updated Framework on the Dissemination of Capacity Development Information.
Download or read book Republic of San Marino written by Brian Kwok Chung Yee and published by International Monetary Fund. This book was released on 2023-06-30 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt: The International Monetary Fund’s Statistics Department conducted a remote technical assistance mission for the Central Bank of San Marino on the compilation of financial soundness indicators (FSIs) and monetary and financial statistics (MFS) during March 28–April 15, 2022. The mission updated the compilation of FSIs for deposit takers, and MFS for the central bank and other depository corporations as set out in the 2019 FSIs Compilation Guide and 2016 Monetary and Financial Statistics Manual and Compilation Guide, respectively.
Download or read book Report on Government Finance Public Sector Debt Statistics Technical Assistance written by David Bailey and published by International Monetary Fund. This book was released on 2024-02-13 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt: The International Monetary Fund’s (IMF’s) Statistics Department (STA) and Fiscal Affairs Department (FAD) provided technical assistance (TA) on government finance statistics (GFS) and public sector debt statistics (PSDS) to the Ministry of Finance (MOF) of the Arab Republic of Egypt during July 4–17, 2023. This was the first such mission since 2017 and the focus was on assisting the Egyptian MOF to identify the necessary processes and systems required to facilitate the production of high-quality fiscal statistics, compliant with the latest international statistical standards (as per the Government Finance Statistics Manual 2014) both with respect to coverage and presentation.
Download or read book High Level Summary Technical Assistance Report written by Mr. Thomas Baunsgaard and published by International Monetary Fund. This book was released on 2024-06-21 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt: Following a surge in petroleum sector exploration, the Namibian authorities requested a review of their petroleum upstream fiscal regime. The petroleum fiscal regime balances investor and government interests and is fit for purpose although untested in practice. A number of recommended policy measures if implemented would provide clarity and simplicity for taxpayers while safeguarding government revenue collections. Fiscal transparency can be enhanced by publishing petroleum agreements while the costs and benefits of state participation should be considered.
Download or read book South Africa written by Ms. Carolina Renteria Rodriguez and published by International Monetary Fund. This book was released on 2024-05-08 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt: South Africa has many elements of sound fiscal transparency practices. Based on an assessment of fiscal transparency practices against the IMF’s Fiscal Transparency Code, South Africa’s practices are strongest in fiscal reporting, followed by fiscal forecasting and budgeting, and weakest in fiscal risk analysis. South Africa’s Balance Sheet public sector net worth – including assumptions for the values of non-reported assets – is estimated to be 100 percent of GDP. There is room to improve South Africa’s fiscal reporting, budget transparency, and management of fiscal risks.
Download or read book Jordan written by Bryn Battersby and published by International Monetary Fund. This book was released on 2024-05-20 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt: The assistance assessed how climate change impacts and mitigation and adaptation responses are addressed in the public investment cycle using the Climate Module of the Public Investment Management Assessment (C-PIMA). The assistance also evaluated the scope to advance Green Public Financial Management (PFM) practices, drawing on the IMF’s new Green PFM framework. Jordan was found to performs well in the climate-aware planning and coordination institutions of the C-PIMA, but some gaps were identified in implementation aspects of the framework, and there were several areas where climate could be better integrated in the PFM system.
Download or read book South Sudan written by Nino Tchelishvili and published by International Monetary Fund. This book was released on 2024-02-05 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public financial management reforms in the Government of South Sudan are proceeding within a challenging environment as the post-civil war recovery remains fragile. As a result, the Ministry of Finance and Planning faces significant challenges in preparing realistic budgets and enforcing disciplined budget execution. To strengthen budget execution, the key areas requiring reform include strengthening processes for the management of expenditure and controlling commitments; improving fiscal reporting to ensure it is timely, accurate, and comprehensive; and improved cash management, particularly through implementing a Treasury Single Account. The Government has requested the assistance of a Fiscal Affairs Department Resident Public Financial Management Advisor who has been appointed and will support several reforms to budget execution, cash management, and fiscal reporting.
Download or read book Republic of Armenia written by Charles Vellutini and published by International Monetary Fund. This book was released on 2023-09-29 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt: Supporting the authorities’ objective to consolidate revenue, this technical assistance report assesses tax expenditures in Armenia. The report covers major tax expenditures related to the value-added tax, excise taxes, the profit tax, and the personal income tax. With total estimated tax expenditures in excess of 5.5 percent of GDP in 2021, streamlining preferential regimes, exemptions and incentives has strong potential for boosting revenue while improving the equity and efficiency of the tax system.
Download or read book Republic of Moldova written by Arturo Navarro and published by International Monetary Fund. This book was released on 2023-11-13 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt: Moldova has committed to an ambitious climate change mitigation and adaption agenda, which is underpinned by significant public investments, particularly in the energy sector which accounts for more than 2/3 of the country’s GHGs. The country is in the process of updating its public investment management framework, offering a window to enhance climate sensitivity of the framework, and of adopting regulation to align to EU standards. The Climate Module of the Public Investment Management Assessment (C-PIMA) proposes reforms across multiple areas, underscoring as priority areas project appraisal and selection and budgeting and portfolio management.
Download or read book Islamic Republic of Mauritania written by Mr. Fazeer Sheik Rahim and published by International Monetary Fund. This book was released on 2023-11-13 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mauritania is working to improve its public investment management framework to boost the efficiency of public investment and to make it more adaptable to climate change. support future economic growth and improvements in wellbeing. This assessment applies the IMF Climate Public Investment Management Assessment (CPIMA) framework and updates an earlier Public Investment Management Assessment (PIMA) undertaken in 2020. It finds that there have been improvements in Mauritania’s public investment management institutions since 2020, while room remains for further improvement. Like most other countries, Mauritania is at an early stage of incorporating climate aspects into public investment management. Nevertheless, some good progress has been made, notably on the planning side. This assessment provides a progressive timetable for reforms, based on international good practice, striking a balance between the stated objectives of the authorities and the existing capacities within the public administration.
Download or read book Republic of Slovenia written by International Monetary Fund. Fiscal Affairs Dept. and published by International Monetary Fund. This book was released on 2024-03 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt: As a follow-up to the November 2022 field-based assignment to help improve risk assessment capabilities, Dr. Ludvig Wier provided additional guidance to the Slovenia Revenue Administration (SFA). This short virtual assignment focused on resolving implementation issues faced by SFA as they develop new modernized approaches to risk assessment for corporate income tax (CIT).
Download or read book Georgia written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2024-05-10 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: This CD engagement covered two distinct areas to help the National Bank of Georgia (NBG) deliver on its price stability mandate, it: 1) provided a forward-looking analysis of the NBG’s balance sheet to assess its policy solvency and to help institutionalize such a process, and 2) outlined a strategy to develop hedging instruments in interest rate and foreign exchange (FX) markets to support monetary policy transmission. With virtually no interest-bearing liabilities, the NBG balance sheet is robust. Under the adverse shock, it improves on account of FX revaluation gains. Higher inflation also helps, since the need for a higher policy rate generates larger domestic interest income. Institutionalizing this analysis allows for early warning of the need to reduce dividend payments (or for re-capitalization) thereby supporting operational independence. Georgia has made good progress on many of the enabling conditions for developing hedging markets, but several structural factors provide challenges. A supportive regulatory environment is in place, market infrastructure is robust, and there is a range of instruments available to serve as the underlying instrument for derivatives. However, there is a lack of heterogeneity of financial risk profile and appetite amongst participants. Recommendations include setting up a standardized FX forward trading platform, pushing for upgrades of banks’ treasury management systems, supporting the targeted education and training efforts of the Georgian Financial Markets Treasuries Association, revising the current FX forward index to be more informative by publishing outright transacted rates; and publishing Overnight Indexed Swap benchmarks.
Download or read book Sierra Leone written by International Monetary Fund. Fiscal Affairs Dept. and published by International Monetary Fund. This book was released on 2024-08-02 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sierra Leone faces significant climate-related challenges, including rising temperatures, unpredictable precipitation patterns, and increased risks of extreme weather events, which threaten its infrastructure and coastal communities. This assistance assessed Sierra Leone's public investment management through the Climate Module of the Public Investment Management Assessment (C-PIMA). Sierra Leone was found to perform moderately well in some areas of the C-PIMA, but there were key gaps in other areas, often linked to weaknesses in the underlying public investment management framework. The assistance found that addressing these persisting core public investment management challenges is a prerequisite for effective climate-sensitive public investment management.
Download or read book Republic of Kazakhstan written by International Monetary Fund. Statistics Dept. and published by International Monetary Fund. This book was released on 2023-12-15 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: A technical assistance mission assisted the Bureau of National Statistics (BNS) under the Agency for Strategic Planning and Reforms of the Republic of Kazakhstan in developing discrete quarterly estimates of Gross Domestic Product by expenditure (GDPE). The mission assisted BNS staff in developing chain-linked time series of GDPE components by applying the benchmarking and annual overlap techniques. The results were compared to the cumulative estimates currently published on the BNS website. The new estimates of quarterly GDPE better reflect the precise quarterly structure of the economy. These improvements to data and methods will improve the understanding of the Kazakhstan economy, both for domestic policymaking and international surveillance.
Download or read book Republic of Palau written by International Monetary Fund. Fiscal Affairs Dept. and published by International Monetary Fund. This book was released on 2024-08-16 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: Upon the authorities’ request, the IMF’s Fiscal Affairs Department provided technical assistance to Palau on implementing the recommendations of the technical report produced by the November 2023 mission on government compensation and employment. The creation of the Employment and Compensation Committee (ECC) demonstrated the authorities’ commitment to reform and the mission supports the authorities’ proposal to reorganize the ECC into a Steering Committee and a Working Group. Before awarding pay increases to address issues of recruitment and retention, the government needs to assess its fiscal space and determine its expenditure priorities. The importance of systematically and prominently advertising vacancies online cannot be overstated. Human resource laws and regulations are generally fit for purpose, but current practices governing new position creation and recruitment merit review by the ECC with support from FAD.
Download or read book Principality of Andorra written by International Monetary Fund. Statistics Dept. and published by International Monetary Fund. This book was released on 2024-03-13 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: A technical assistance (TA) mission on external sector statistics (ESS) was conducted for the Andorran Statistics Department (ASD) in the Principality of Andorra in March and April 2022. The mission focused on initiating the compilation of international investment position (IIP) and in producing balance of payments statistics regularly with an improved coverage and quality. The mission also assisted the ASD in developing the new direct reporting system, which will be used as one of the main source data for compiling balance of payments statistics and IIP annually.
Download or read book Kenya written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2024-08-07 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: At the request of the Central Bank of Kenya (CBK), a technical assistance (TA) mission from the Monetary and Capital Markets (MCM) department visited Nairobi, Kenya, from April 17–21, 2023, to help improve the CBK’s Forecasting and Policy Analysis System (FPAS). The main objectives were to improve the CBK’s business surveys and strengthen its nowcasting framework for GDP and CPI inflation. The mission held interactive technical sessions with CBK staff and provided detailed recommendations for refining survey questions and integrating survey results into the policy process. It developed EViews programs for efficient survey data management and the conversion of qualitative data to quantitative data using the Balance of Opinion approach. Moreover, the mission improved the nowcasting framework by fixing and enhancing the EViews-based platform and developing tools for automated model evaluation. Regarding CBK business surveys, the mission recommended (i) streamlining survey questions and timing to better inform nowcasts and projections, (ii) creating a firm registry to track survey respondents and ensure sample representativeness, and (iii) automating the survey data pipeline and consolidating historical results into a time series. Regarding the nowcasting framework, the mission suggested (i) integrating quantified survey results into the nowcasting models, (ii) continuing to refine the nowcasting framework at a disaggregated level, and (iii) expanding the database of leading indicators and assessing new models using the forecast evaluation framework.
