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Safeguards Assessments 2008 Update
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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—2009 Update by : International Monetary Fund. Finance Dept.
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).
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 - 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 Safeguards Assessments - 2011 Update by : International Monetary Fund. Finance Dept.
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.
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 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 - 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 Republic of Madagascar by : International Monetary Fund. African Dept.
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 2014-07-02 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper focuses on Madagascar’s Request for Disbursement Under the Rapid Credit Facility (RCF). The Malagasy authorities managed to avert a macroeconomic crisis during a difficult period of political transition and economic uncertainty since 2009. However, these disruptions have constrained growth and fiscal revenue, leading to a sharp compression of public investment and social outlays. The authorities are requesting a disbursement under the RCF. They also see the RCF as a stepping stone for a possible future arrangement addressing Madagascar’s medium-term challenges and as a positive signal to development partners. The IMF staff supports the authorities’ request for a disbursement under the RCF.
Book Synopsis Lebanon by : International Monetary Fund
Download or read book Lebanon written by International Monetary Fund and published by International Monetary Fund. This book was released on 2012-02-09 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lebanon is facing a difficult global, regional, and domestic environment simultaneously for the first time in more than a decade. Domestic policies should aim at instilling confidence and tackling key policy challenges, such as preserving macroeconomic stability and paving the way for a more resilient, dynamic, and inclusive economy. The Banque du Liban (BdL) relied on its large foreign reserves build-up during the upswing to intervene forcefully when the Lebanese pound came under pressure from deposit outflows and currency conversions in the wake of the government crisis.
Book Synopsis Georgia by : International Monetary Fund
Download or read book Georgia written by International Monetary Fund and published by International Monetary Fund. This book was released on 2009-08-24 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses key findings of the Third Review under the Stand-By Arrangement for Georgia. With monetary policy impaired by high dollarization, the authorities’ response to the downturn relies mostly on fiscal stimulus. The reduction of policy interest rates and ample liquidity injections have not led to a resumption of bank lending, owing to balance sheet weaknesses and higher credit risk. The authorities have thus decided to accommodate tax revenue losses in a higher deficit in 2009. The authorities have requested an augmentation of access and an extension of the arrangement through mid-2011.
Author :International Monetary Fund Publisher :International Monetary Fund ISBN 13 :1455206814 Total Pages :107 pages Book Rating :4.4/5 (552 download)
Book Synopsis Haiti by : International Monetary Fund
Download or read book Haiti written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-08-11 with total page 107 pages. Available in PDF, EPUB and Kindle. Book excerpt: The January 2010 earthquake represented a major setback for Haiti, after several years of improved economic performance. Executive Directors commended the authorities for quickly restoring basic government functions and maintaining sound policies during the crisis. Directors welcomed the National Action Plan for Recovery and Development and also the Partial Credit Guarantee scheme. They also stressed the need to strengthen revenue administration, monetary framework, and tax policy reforms. Directors agreed that Haiti met the eligibility and qualification criteria for debt stock relief under the Post-Catastrophe Debt Relief (PCDR) Trust Fund.
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 2010-10-20 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authorities view the program as providing a valuable anchor for their macroeconomic policies during a period of high economic and political uncertainty, and providing access to budget financing. The discussions for this review were delayed owing to lengthening data lags resulting from the attacks on the Ministry of Finance and the Central Bank of Iraq (CBI). With the projected increase in oil production and exports in the coming years, Iraq will be able to strengthen its fiscal and external positions and speed up the rebuilding of its institutions and infrastructure.
Book Synopsis Islamic Republic of Mauritania by : International Monetary Fund
Download or read book Islamic Republic of Mauritania written by International Monetary Fund and published by International Monetary Fund. This book was released on 2011-10-06 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this study, the ex post assessment (EPA) of longer program engagement with Mauritania is discussed. From this program, macroeconomic stability has been achieved. EPAs are intended to provide an opportunity to step back from continuing program relations to consider an analysis of the economic problems facing the country, review progress under IMF-supported programs, and draw forward-looking lessons for future IMF engagement. The newly designed poverty reduction strategy and ECF-supported program addresses the challenges identified by the EPA.
Book Synopsis United Republic of Tanzania by : International Monetary Fund. African Dept.
Download or read book United Republic of Tanzania written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2016-07-27 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2016 Article IV Consultation highlights that growth in Tanzania has remained strong and inflation moderate during the past two years. Real GDP grew by 7 percent in 2015, with activity particularly buoyant in the construction, communication, finance, and transportation sectors. Inflation remained in single digits throughout 2015, averaging 5.6 percent, despite the significant exchange rate depreciation in the first half of 2015. Inflation in April 2016 was 5.1 percent, close to the authorities’ target of 5 percent. The banking system appears sound overall, but there is wide variation within the system. The level of financial development has improved in recent years, though at a gradual pace.
Book Synopsis Malawi by : International Monetary Fund
Download or read book Malawi written by International Monetary Fund and published by International Monetary Fund. This book was released on 2009-01-21 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses a request from Malawi for a one-year exogenous shocks facility (ESF) arrangement to help it adjust to the large terms-of-trade shock it has suffered. Real GDP growth of Malawi has been high and is expected to remain solid. Inflation, though rising in recent months, is still moderate and is expected to ease over the medium term. The government’s near-term program aims to increase the import coverage of official gross reserves while preserving growth and food security. IMF staff supports the authorities’ request for a one-year high-access ESF arrangement.
Author :International Monetary Fund. Western Hemisphere Dept. Publisher :International Monetary Fund ISBN 13 :1513570927 Total Pages :129 pages Book Rating :4.5/5 (135 download)
Book Synopsis Costa Rica by : International Monetary Fund. Western Hemisphere Dept.
Download or read book Costa Rica written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2021-03-01 with total page 129 pages. Available in PDF, EPUB and Kindle. Book excerpt: Costa Rica has been hit hard by the COVID-19 pandemic, notwithstanding the authorities’ proactive policy response and the country’s well-established universal healthcare system. The socio-economic impact has been significant, exacerbating an already fragile outlook and pre-existing imbalances, with a significant toll on economic activity and unemployment—especially among women and the young. The shock has further weakened the country’s fiscal position, undermining the expected yields from the ambitious fiscal reform launched in late 2018, and generated a large financing gap. Financial support through the Fund’s Rapid Financing Instrument (RFI) in 2020 provided temporary relief to respond to the pandemic, including by catalyzing financial assistance from other official partners, but financing needs remain sizable over the medium term.
