Safeguards Assessments - 2013 Update

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Publisher : International Monetary Fund
ISBN 13 : 1498341225
Total Pages : 15 pages
Book Rating : 4.4/5 (983 download)

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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

Safeguards Assessments - 2014 Update

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498342787
Total Pages : 16 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Safeguards Assessments - 2014 Update by : International Monetary Fund

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.

Safeguards Assessments Policy - External Expert Panel's Advisory Report

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498344178
Total Pages : 39 pages
Book Rating : 4.4/5 (983 download)

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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.

Safeguards Assessments - 2012 Update

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498339913
Total Pages : 16 pages
Book Rating : 4.4/5 (983 download)

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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.

Safeguards Assessments - Review of Experience

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498344186
Total Pages : 43 pages
Book Rating : 4.4/5 (983 download)

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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.

Safeguards Assessments - 2022 Review of Experience

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 45 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Safeguards Assessments - 2022 Review of Experience by : International Monetary Fund. Finance Dept.

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.

Malawi

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513593897
Total Pages : 63 pages
Book Rating : 4.5/5 (135 download)

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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 2015-12-18 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2015 Article IV Consultation highlights that bold economic reforms undertaken in mid-2012 in Malawi transformed the policy environment and greatly improved the outlook of the economy. Over 2012–14, real GDP growth and inflation averaged 4.3 percent and 24.5 percent, respectively. The economic outlook remains difficult reflecting the negative impact of weather-related shocks, the ongoing suspension of budget support, persistently high inflation and weaker global demand which could hurt Malawi’s exports. Real GDP growth is projected to fall by 2.7 percentage points to 3 percent in 2015.

Republic of Poland

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Publisher : International Monetary Fund
ISBN 13 : 1484344413
Total Pages : 44 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Republic of Poland by : International Monetary Fund. European Dept.

Download or read book Republic of Poland written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2014-01-13 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses Poland’s Review Under the Flexible Credit Line (FCL) Arrangement. Economic growth is expected to recover gradually on the back of improving domestic demand and higher growth in core euro countries. But the economy is still subject to substantial external risks as Poland is highly integrated with Europe through trade and financial channels, as well as with global financial markets. In IMF Staff’s view, Poland continues to meet the qualification criteria for access to FCL resources specified under the Board decision on FCL arrangements, and therefore IMF Staff recommends completion of the review under this FCL arrangement.

Georgia

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Publisher : International Monetary Fund
ISBN 13 : 1498306853
Total Pages : 94 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Georgia by : International Monetary Fund. Middle East and Central Asia Dept.

Download or read book Georgia written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2014-08-20 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: KEY ISSUES Context. Georgia’s previous Fund-supported program, which expired in April 2014, met most of its objectives, in particular by reducing Georgia’s external and fiscal imbalances. The program also helped preserve the central bank’s independence after the 2012–13 political transition and strengthened its inflation-targeting framework. However, over time it proved increasingly difficult to reconcile the program’s fiscal objectives with the new government’s policies of increasing social spending, especially after the economy slowed and revenues fell short in 2013. Also, despite the progress achieved under the program, macroeconomic challenges remain. The current account deficit and external debt are high, leaving the economy susceptible to shocks. Strong and inclusive growth is needed to reduce widespread poverty and high unemployment. More recently, the external outlook has worsened, opening up a balance of payments need in 2014. Program and its objectives. To address these challenges, the authorities request a new three-year SDR 100 million (67 percent of quota) Stand-by Arrangement to address an external financing need in 2014 related in part to the realignment of fiscal policies to more social spending. The program will facilitate Georgia’s external adjustment, reduce key macroeconomic vulnerabilities, rebuild policy buffers, and support growth. Program policies. In 2014, the program balances supporting domestic demand with the need to safeguard external stability. To reduce the output gap, fiscal policy provides a measured stimulus, while monetary policy remains accommodative. However, the authorities will tighten policies and allow the exchange rate to adjust if balance of payments pressures were to intensify. From 2015, the fiscal deficit will be reduced to keep public debt low and to create space for countercyclical policies. This consolidation will rely on raising revenue by broadening the tax base and containing current expenditure, while protecting pro-poor spending and public investment. Monetary policy will aim at price stability through improved inflation targeting. The program will seek to rebuild international reserves while encouraging greater exchange rate flexibility. Strengthening of the financial sector will continue, helped by the recommendations of the recent FSAP mission. The program also aims to contain risks from quasi-fiscal activities and support improvements in tax administration, and will complement the authorities’ reforms to strengthen the business environment, improve education and training, create jobs and reduce poverty and inequality.

Rwanda

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Publisher : International Monetary Fund
ISBN 13 : 1498370004
Total Pages : 103 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Rwanda by : International Monetary Fund. African Dept.

Download or read book Rwanda written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2014-12-12 with total page 103 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2014 Article IV Consultation and Second Review Under the Policy Support Instrument highlights that Rwanda’s economic performance since the turn of the century has been remarkable. Strong policies have played a key role in maintaining real GDP growth at 7.8 percent on average since 2000, with significant poverty reduction. The economy is recovering from the disruptions induced by aid suspension through mid-2013, with growth bouncing back in the first half of 2014 and inflation well contained. Growth in 2014 is expected to be about 6 percent, rising to the longer-term growth rate of 7.5 percent in the medium term.

Republic of Armenia

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Publisher : International Monetary Fund
ISBN 13 : 1513541358
Total Pages : 102 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Republic of Armenia by : International Monetary Fund. Middle East and Central Asia Dept.

Download or read book Republic of Armenia written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2015-11-19 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses Armenia’s Second Review Under the Extended Arrangement and Request for Waivers of Nonobservance and Rephasing. Since late 2014, Armenia’s economic performance has been affected by significantly weaker external conditions, as the slowdown of the Russian economy, the weakening of the ruble, lower metals prices, and the strengthening of the dollar have led to pressures on external receipts, particularly remittances. Performance under the program has come under strain. Three performance criteria (PCs) were missed both at end-December 2014 and end-June 2015. The authorities are requesting waivers of nonobservance for the missed June and continuous PCs. The IMF staff supports completion of the review.

Republic of Moldova

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Publisher : International Monetary Fund
ISBN 13 : 1498303730
Total Pages : 76 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Republic of Moldova by : International Monetary Fund. European Dept.

Download or read book Republic of Moldova written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2014-07-08 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper focuses on Moldova’s 2014 Article IV Consultation and First Post-Program Monitoring Discussions. Moldova largely achieved the main objectives of the economic program supported by a combined Extended Credit Facility/Extended Fund Facility (ECF/EFF). The country’s economic performance was among the strongest in the region during 2010–2013. This was made possible by adequate macroeconomic stabilization measures and ambitious structural reforms implemented in the wake of the crisis under the IMF-supported program. The Moldovan economy recovered strongly from the drought-related contraction of 2012, but activity will significantly slow in 2014 owing to a moderation in agriculture production and related industries and weaker economic activity in main trading partners.

Kingdom of Lesotho

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Publisher : International Monetary Fund
ISBN 13 : 1475503237
Total Pages : 82 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Kingdom of Lesotho by : International Monetary Fund

Download or read book Kingdom of Lesotho written by International Monetary Fund and published by International Monetary Fund. This book was released on 2012-05-11 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: This staff report examines the Kingdom of Lesotho’s 2012 Article IV Consultation and second and third reviews under the three-year arrangement under the Extended Credit Facility. Real GDP growth for 2010/11 is estimated at 53⁄4 percent, and inflation rose gradually in 2011, driven by international commodity prices. Despite the sharp drop in Southern African Customs Union (SACU) revenues, fiscal performance in 2010/11 has been much better than programmed, reflecting higher domestic revenue collections and cuts in recurrent spending.

Republic of Armenia

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Publisher : International Monetary Fund
ISBN 13 : 1475504861
Total Pages : 65 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Republic of Armenia by : International Monetary Fund

Download or read book Republic of Armenia written by International Monetary Fund and published by International Monetary Fund. This book was released on 2012-06-26 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses findings of the Fourth Review of Armenia’s economic performance under a program supported by Extended Fund Facility and Extended Credit Facility Arrangements. Adherence to the policies agreed under the IMF-supported program has played an important role in helping Armenia restore solid growth. The 2011 fiscal deficit was well below program targets, reflecting restrained spending. The deficit is likely to be moderately higher in 2012, but still in line with the program, and with higher expected revenues allowing for increases in priority spending.

Sri Lanka

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Publisher : International Monetary Fund
ISBN 13 : 1484386558
Total Pages : 120 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Sri Lanka by : International Monetary Fund. Asia and Pacific Dept

Download or read book Sri Lanka written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2016-06-14 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses economic performance, outlook, and risks of Sri Lankan economy. Macroeconomic performance in 2015 reflected a mix between positive underlying growth momentum, the negative impact of unbalanced domestic policies, and an increasingly difficult external environment. The government fiscal deficit expanded to 6.9 percent of GDP in 2015. The overall balance of payments deteriorated significantly in 2015 despite an improvement in the terms of trade. Sri Lanka’s short-term outlook is challenging, but medium-term prospects are favorable if current macro-financial imbalances can be addressed. The key risks to the outlook stem from (1) government inaction on key policies and (2) a significant deterioration in the external environment.

Islamic Republic of Afghanistan

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513504312
Total Pages : 112 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Islamic Republic of Afghanistan by : International Monetary Fund. Middle East and Central Asia Dept.

Download or read book Islamic Republic of Afghanistan written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2015-12-02 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2015 Article IV Consultation highlights that Afghanistan remains a poor fragile state that is far from self-reliance. Significant fiscal and banking vulnerabilities emerged in 2014. Domestic revenue collection fell below its 2013 level because of lower growth, declining imports, and lower compliance, while operating expenditure increased. The treasury cash balance fell to dangerously low levels in the second half of 2014, and domestic payment arrears and unfunded allotments emerged. The future path of the economy is highly dependent on the authorities’ delivering on their economic reform commitments, continued donor support, and improvements in security.

Bosnia and Herzegovina

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1475511841
Total Pages : 107 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Bosnia and Herzegovina by : International Monetary Fund. European Dept.

Download or read book Bosnia and Herzegovina written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2012-10-05 with total page 107 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bosnia and Herzegovina’s (BiH) challenge is to cope with the adverse economic environment and prepare the ground for achieving sustainable export-led economic growth, raising living standards, and making progress toward EU accession. In addition to fiscal consolidation, this will require reforms to improve the composition of public expenditure and unlock the economy’s potential. Financial sector policies should aim at further enhancing the authorities’ crisis preparedness and contingency planning. These policies would also provide a solid basis for the stability of the currency board and enhanced national policy coordination.