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Safeguards Assessments 2007 Update
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Book Synopsis Safeguards Assessments - 2007 Update by : International Monetary Fund. Finance Dept.
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.
Book Synopsis Safeguards Assessments-2008 Update by : International Monetary Fund. Finance Dept.
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.
Book Synopsis Safeguards Assessments - 2012 Update by : International Monetary Fund. Finance Dept.
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.
Book Synopsis The Safeguards Policy - Independent Panel's Advisory Report by : International Monetary Fund. Legal Dept.
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.
Book Synopsis Safeguards Assessments Policy - External Expert Panel's Advisory Report by : International Monetary Fund
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.
Book Synopsis Safeguards Assessments - 2013 Update by : International Monetary Fund
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
Book Synopsis Safeguards Assessments - Review of Experience by : International Monetary Fund. Finance Dept.
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.
Book Synopsis The Gambia by : International Monetary Fund
Download or read book The Gambia written by International Monetary Fund and published by International Monetary Fund. This book was released on 2012-06-08 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the request from Gambian authorities for a three-year arrangement under the extended credit facility (ECF). The Gambian economy performed well during the previous IMF arrangement, which expired at the end of March 2011; however, there were slippages under the program. The authorities requested a new three-year ECF arrangement, with a large initial disbursement, but relatively low access overall. The initial disbursement would support stability during the current drought crisis, while remaining disbursements would encourage fiscal adjustment and catalyze donor support for the poverty reduction strategy.
Book Synopsis Democratic Republic of São Tomé and Príncipe by : International Monetary Fund. African Dept.
Download or read book Democratic Republic of São Tomé and Príncipe written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2016-12-20 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses São Tomé and Príncipe’s Second Review Under the Extended Credit Facility (ECF) and Request for Waivers for Nonobservance of Performance Criteria and modification of performance criteria. The economic outlook for 2017 and the medium term is favorable, but not without risks. The main sources of short-term risks to the outlook are ongoing pressure on foreign exchange supply, liquidation of Bank Equador, and continued weakness in the banking sector. In addition, the economy will remain vulnerable to global developments, including weak demand in the key European and emerging markets. The IMF staff recommends completion of the second review and the disbursement of an amount equivalent to SDR 634,285 under the ECF arrangement.
Book Synopsis Uganda by : International Monetary Fund. African Dept.
Download or read book Uganda written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2020-05-14 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes Uganda’s Request for Disbursement Under the Rapid Credit Facility. The Ugandan economy is severely affected by the coronavirus disease 2019 (COVID-19) pandemic. In order to contain the impact of the pandemic, the authorities have increased health spending, strengthened social protection to the most vulnerable, and enhanced their support to the private sector. The Bank of Uganda has appropriately reduced interest rates and provided liquidity to safeguard financial stability, while maintaining exchange rate flexibility. The weakening economic conditions emanating from the Covid-19 pandemic have put significant pressures on revenue collection, expenditure, reserves and the exchange rate, creating urgent large external and fiscal financing needs. The IMF continues to monitor Uganda’s situation closely and stands ready to provide policy advice and further support as needed. The authorities have also committed to put in place targeted transparency and accountability measures to ensure the appropriate use of emergency financing. The IMF’s emergency financial support under the RCF, along with the additional donor financing it is expected to help catalyze, will help address Uganda’s urgent balance of payments and budget support needs.
Book Synopsis Safeguards Assessments - Review of Experience by : International Monetary Fund
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.
Book Synopsis Liberia by : International Monetary Fund
Download or read book Liberia written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-07-08 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: Political pressure for faster delivery of tangible economic results has mounted against a backdrop of slower-than-expected economic growth, job losses in some sectors, and delays in infrastructure provision. Macroeconomic performance weakened in 2009 owing to the global recession, but tentative signs of a turnaround have emerged. Banking sector capitalization improved, though profitability remains low. FY2010 budget execution is broadly on track despite resource shortfalls. Medium-term prospects are favorable based on foreign investment commitments and continued donor support for rebuilding infrastructure and institutions.
Book Synopsis Malawi by : International Monetary Fund. African Dept.
Download or read book Malawi written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2018-11-30 with total page 123 pages. Available in PDF, EPUB and Kindle. Book excerpt: Malawi’s economic growth remains moderate, reflecting a weak agricultural harvest and continued electricity shortages. Fiscal deficits continue to be financed domestically, as donor funding remains constrained by governance concerns since the 2013 cashgate scandal, resulting in an increasing public debt burden. Presidential elections are scheduled for mid-2019. Program performance. Most quantitative performance criteria (QPC) were met at end-June 2018, with significant overperformance on international reserves and the reduction in Reserve Bank of Malawi (RBM) holdings of government securities. The QPC on the primary fiscal balance was missed by 0.9 percent of GDP due to expenditure overruns. The continuous QPC on new non-concessional external debt was missed due to a technical oversight in the Technical Memorandum of Understanding. Based on corrective measures, the authorities request waivers of non-observance. Two structural benchmarks were observed and most of the rest have been completed with delay.
Book Synopsis Iraq by : International Monetary Fund
Download or read book Iraq written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-03-16 with total page 91 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2009 Article IV Consultation highlights that Iraq’s longer-term economic outlook is strong as oil prices and production are projected to increase markedly in the coming years. However, based on conservative oil price assumptions, the external current account and the overall balance of payments are expected to remain in deficit in 2010 and 2011. Similarly, Iraq’s fiscal position is projected to record significant, albeit declining deficits in both years, before returning to a surplus position in 2012.
Book Synopsis Mali by : International Monetary Fund
Download or read book Mali written by International Monetary Fund and published by International Monetary Fund. This book was released on 2006-08-18 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mali’s economy is showing renewed momentum resulting from a strong 2005–06 cereal harvest and strengthening terms of trade. The fiscal program remained well on track through end-2005. Discussion of the macroeconomic outlook focused on production-side growth prospects, such as rising international gold prices that would boost tax revenues and accelerate the mining sector’s exploration and production capacity. Plans to strengthen the management of both tax exemptions and reimbursements will address tax administration weaknesses. In the banking sector, nonperforming loans rose from 20 percent to 28 percent of total loans.
Book Synopsis Republic of Mozambique by : International Monetary Fund
Download or read book Republic of Mozambique written by International Monetary Fund and published by International Monetary Fund. This book was released on 2008-01-14 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: The strong macroeconomic performance and the implementation of prudent fiscal and monetary policies and a flexible exchange rate regime have helped Mozambique to perform well under the Policy Support Instrument (PSI). Executive Directors advised to maintain macroeconomic stability and accelerate structural reforms to sustain rapid growth. Directors stressed the need for fiscal transparency and adopting regulations to the Mining and Petroleum Fiscal Regime laws. Directors appreciated the principles of the Extractive Industries Transparency Initiative, welcomed its monetary policy stance, and encouraged authorities to embark on revenue efforts to achieve the MDGs.
Author :International Monetary Fund. Middle East and Central Asia Dept. Publisher :International Monetary Fund ISBN 13 :1475570937 Total Pages :70 pages Book Rating :4.4/5 (755 download)
Book Synopsis Lebanon by : International Monetary Fund. Middle East and Central Asia Dept.
Download or read book Lebanon written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2017-01-25 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2016 Article IV Consultation highlights that Lebanon’s economic growth remains subdued. Following a sharp drop in 2011, growth edged upward briefly to 2–3 percent, but has now slowed again. The IMF staff estimates that GDP increased by 1 percent in 2015, and a similar growth rate in 2016 is projected. Lebanon’s traditional growth drivers—tourism, real estate, and construction—have received a significant blow and a strong rebound is unlikely based on current trends. In the absence of a turnaround in confidence, or a resolution of the Syrian conflict, growth is unlikely to return to potential (4 percent) soon.
