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Establishment Of An Exogenous Shocks Facility Under The Poverty Reduction And Growth Facility Trust
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Author :International Monetary Fund. Policy Development and Review Dept. Publisher :International Monetary Fund ISBN 13 :1498330959 Total Pages :11 pages Book Rating :4.4/5 (983 download)
Book Synopsis Establishment of an Exogenous Shocks Facility Under the Poverty Reduction and Growth Facility Trust by : International Monetary Fund. Policy Development and Review Dept.
Download or read book Establishment of an Exogenous Shocks Facility Under the Poverty Reduction and Growth Facility Trust written by International Monetary Fund. Policy Development and Review Dept. and published by International Monetary Fund. This book was released on 2005-04-10 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt: At the recent Board discussion on strengthening the Fund's assistance to low-income countries dealing with sudden and exogenous shocks, most Directors supported the establishment of an Exogenous Shocks Facility within the Poverty Reduction and Growth Facility Trust. In an earlier discussion, Directors noted that exogenous shocks could have significant negative impacts on developing countries' growth, macroeconomic stability, debt sustainability, and poverty, and that low-income countries are particularly vulnerable to shocks due to lack of diversification, limited capacity to build up reserves, and prohibitively expensive or unavailable market insurance. The international community can supplement national efforts for reducing vulnerability to shocks. Recent research shows that foreign assistance can be unusually effective in the aftermath of a shock. Such assistance needs to be available quickly, and it needs to be associated with sound adjustment policies and measures to reduce vulnerability to future shocks.
Author :International Monetary Fund. Secretary's Department Publisher :International Monetary Fund ISBN 13 :1513568817 Total Pages :74 pages Book Rating :4.5/5 (135 download)
Book Synopsis International Monetary Fund Annual Report 2021 by : International Monetary Fund. Secretary's Department
Download or read book International Monetary Fund Annual Report 2021 written by International Monetary Fund. Secretary's Department and published by International Monetary Fund. This book was released on 2021-10-04 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: A recovery is underway, but the economic fallout from the global pandemic could be with us for years to come. With the crisis exacerbating prepandemic vulnerabilities, country prospects are diverging. Nearly half of emerging market and developing economies and some middle-income countries are now at risk of falling further behind, undoing much of the progress made toward achieving the UN Sustainable Development Goals.
Author :International Monetary Fund. Policy Development and Review Dept. Publisher :International Monetary Fund ISBN 13 :1498333001 Total Pages :16 pages Book Rating :4.4/5 (983 download)
Book Synopsis Guidance Note on the Exogenous Shocks Facility by : International Monetary Fund. Policy Development and Review Dept.
Download or read book Guidance Note on the Exogenous Shocks Facility written by International Monetary Fund. Policy Development and Review Dept. and published by International Monetary Fund. This book was released on 2006-01-27 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: The ESF, established within the Poverty Reduction and Growth Facility and Exogenous Shocks Facility (PRGF-ESF) Trust, complements existing Fund instruments for providing timely support, including financing at more appropriate terms, to low-income members that are facing sudden and exogenous shocks but do not have a PRGF arrangement in place. In particular, the ESF: (i) facilitates quick access to more concessional financing than the Fund’s Emergency Assistance and the Compensatory Financing Facility (CFF);1 (ii) helps members design and implement a policy framework adequate for adjustment to shocks while ensuring adequate safeguards for the use of the Trust resources; and (iii) plays a catalytic role for further and more concessional donor financing.
Author :International Monetary Fund Publisher :International Monetary Fund ISBN 13 :1513511726 Total Pages :122 pages Book Rating :4.5/5 (135 download)
Book Synopsis International Monetary Fund Annual Report 2019 Financial Statements by : International Monetary Fund
Download or read book International Monetary Fund Annual Report 2019 Financial Statements written by International Monetary Fund and published by International Monetary Fund. This book was released on 2019-10-04 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: The audited consolidated financial statements of the International Monetary Fund as of April 30, 2019 and 2018
Author :International Monetary Fund. Policy Development and Review Dept. Publisher :International Monetary Fund ISBN 13 :1498334369 Total Pages :18 pages Book Rating :4.4/5 (983 download)
Book Synopsis Proposed Reforms to the Exogenous Shocks Facility by : International Monetary Fund. Policy Development and Review Dept.
Download or read book Proposed Reforms to the Exogenous Shocks Facility written by International Monetary Fund. Policy Development and Review Dept. and published by International Monetary Fund. This book was released on 2008-07-25 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: The review of the ESF is being accelerated in light of experience and worsening global economic conditions, in particular the surge in food and fuel prices. Despite having become effective in 2006, the ESF has yet to be used. Recent discussions with creditors, donors, potential users, and outside observers have highlighted a number of ways to enhance its effectiveness.
Book Synopsis Multilateral Debt Relief Initiative and Exogenous Shocks Facility - Proposed Decisions by : International Monetary Fund. Finance Dept.
Download or read book Multilateral Debt Relief Initiative and Exogenous Shocks Facility - Proposed Decisions written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2005-11-16 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper puts forward a package of proposed decisions to implement the Multilateral Debt Relief Initiative (“MDRI”) and establish the Exogenous Shocks Facility within the PRGF Trust; it also provides a Commentary on key aspects of the decisions. The proposed decisions generally reflect the overall structure and modalities that have been identified by the staff and endorsed by Executive Directors in the several meetings held to date concerning the G-8 debt relief proposal/MDRI and ESF.
Book Synopsis Shock Waves by : Stephane Hallegatte
Download or read book Shock Waves written by Stephane Hallegatte and published by World Bank Publications. This book was released on 2015-11-23 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ending poverty and stabilizing climate change will be two unprecedented global achievements and two major steps toward sustainable development. But the two objectives cannot be considered in isolation: they need to be jointly tackled through an integrated strategy. This report brings together those two objectives and explores how they can more easily be achieved if considered together. It examines the potential impact of climate change and climate policies on poverty reduction. It also provides guidance on how to create a “win-win†? situation so that climate change policies contribute to poverty reduction and poverty-reduction policies contribute to climate change mitigation and resilience building. The key finding of the report is that climate change represents a significant obstacle to the sustained eradication of poverty, but future impacts on poverty are determined by policy choices: rapid, inclusive, and climate-informed development can prevent most short-term impacts whereas immediate pro-poor, emissions-reduction policies can drastically limit long-term ones.
Book Synopsis Challenges in Correspondent Banking in the Small States of the Pacific by : Jihad Alwazir
Download or read book Challenges in Correspondent Banking in the Small States of the Pacific written by Jihad Alwazir and published by International Monetary Fund. This book was released on 2017-04-07 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: Access to financial services in the small states of the Pacific is being eroded. Weaknesses in Anti-Money Laundering and Combating the Financing of Terrorism compliance in the context of high levels of remittances are contributing to banks’ decisions to withdraw corresponding banking relationships and close bank accounts of money transfer operators. In this paper, we gather evidence on these developments in the small states of the Pacific, discuss the main drivers, and the potentially negative impact on the financial sector and macroeconomy. We then identify the collective efforts needed to address the consequences of withdrawal of corresponding banking relationships and outline policy measures to help the affected countries mitigate the impact.
Author :International Monetary Fund Publisher :International Monetary Fund ISBN 13 :1616352434 Total Pages :1017 pages Book Rating :4.6/5 (163 download)
Book Synopsis Selected Decisions and Selected Documents of the International Monetary Fund by : International Monetary Fund
Download or read book Selected Decisions and Selected Documents of the International Monetary Fund written by International Monetary Fund and published by International Monetary Fund. This book was released on 2011-04-27 with total page 1017 pages. Available in PDF, EPUB and Kindle. Book excerpt: Selected Decisions and Selected Documents of the International Monetary Fund includes decisions, interpretations, and resolutions of the Executive Board and Board of Governors of the IMF, as well as selected documents to which frequent reference is made in the current activities of the Fund. In addition, it includes certain documents pertaining to the relations between the Fund and other international organizations.
Book Synopsis Islamic Finance and Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) by : Mr.Nadim Kyriakos-Saad
Download or read book Islamic Finance and Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) written by Mr.Nadim Kyriakos-Saad and published by International Monetary Fund. This book was released on 2016-02-29 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: The money laundering (ML) and terrorist financing (TF) risks associated with conventional finance are generally well identified and understood by the relevant national authorities. There is, however, no common understanding of ML/TF risks associated with Islamic finance. Some are likely to be the same as in conventional finance, but there may also be different risks. This is notably due to: (i) the complexity of some Islamic finance products; and (ii) the nature of the relationship between the institutions and their clients. The limited capacity and experience in the supervision of Islamic finance, especially in jurisdictions that face higher ML/TF risk factors represents an additional vulnerability. The Financial Action Task Force (FATF) standards are implemented without any form of tailoring to the specificities of Islamic finance. The FATF, the Islamic finance standard-setters, and the national regulators should seek a greater understanding of the specific ML/TF risks that may arise in Islamic finance and develop an appropriate response.
Book Synopsis International Development Law by : Rumu Sarkar
Download or read book International Development Law written by Rumu Sarkar and published by Oxford University Press. This book was released on 2009-10-22 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt: International Development Law: Rule of Law, Human Rights, and Global Finance provides a tightly interwoven, well-organized, multi-disciplinary approach to the complex legal issues underlying sustainable international development. Professor Sarkar provides an overarching view of the legal principles that constitute international development law in an easily understandable way. This book gives the reader new insights on the origins of global poverty, identifies legal impediments to long-term, sustainable economic growth, and provides a better understanding of the challenges faced by the international community in resolving global poverty issues.
Author :International Monetary Fund. Strategy, Policy, & Review Department Publisher :International Monetary Fund ISBN 13 :1498334156 Total Pages :29 pages Book Rating :4.4/5 (983 download)
Book Synopsis Update on the Financing of the IMF's Concessional Assistance and Debt Relief to Low-Income Member Countries by : International Monetary Fund. Strategy, Policy, & Review Department
Download or read book Update on the Financing of the IMF's Concessional Assistance and Debt Relief to Low-Income Member Countries written by International Monetary Fund. Strategy, Policy, & Review Department and published by International Monetary Fund. This book was released on 2008-09-16 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides a semi-annual review of the status of financing for Poverty Reduction and Growth Facility-Exogenous Shocks Facility (PRGF-ESF) lending, subsidization of emergency assistance to PRGF-eligible countries, and Heavily Indebted Poor Countries (HIPC) and Multilateral Debt Relief Initiative (MDRI) debt relief. The last review was completed by the IMF Executive Board on April 21, 2008.
Book Synopsis IMF Financial Operations 2015 by : International Monetary Fund. Finance Dept.
Download or read book IMF Financial Operations 2015 written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2015-10-05 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt: IMF Financial Operations 2015 provides a broad introduction to how the IMF fulfills its mission through its financial activities. It covers the financial structure and operations of the IMF and also provides background detail of the financial statements for the IMF's activities during the most recent financial year. This publication (currently in its second edition) updates a previous report entitled Financial Organization and Operations of the IMF, first published in 1986 and last issued in 2001 (the sixth edition). That 2001 report reflected the seismic shifts in the global economy and in the IMF's structure and operations that occurred after the fall of the Soviet Union and the various currency and financial crises of the 1990s. This revised and updated report covers more recent developments, including measures taken in response to the global financial crisis of 2007–09 and the institutional reforms aimed at ensuring that the IMF's governance structure evolves in line with developments in the global economy, measures to enhance the financial safety net for developing economies, as well as reforms to the IMF's income model.
Book Synopsis 2024 Update of Resource Adequacy of the Poverty Reduction and Growth Trust and the Debt Relief Trusts by : International Monetary Fund. Finance Dept.
Download or read book 2024 Update of Resource Adequacy of the Poverty Reduction and Growth Trust and the Debt Relief Trusts written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2024-04-25 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides an update of the adequacy of the resources of the Fund’s Poverty Reduction and Growth Trust (PRGT) and the debt relief trusts. Demand for PRGT loans continued to exceed earlier projections. Total PRGT credit outstanding reached SDR 18.3 billion at end-2023, or three times the pre-pandemic average. PRGT fundraising targets under the 2021 two-stage funding strategy to support LICs during the pandemic and beyond were met. Work is underway to implement the pledges. Ensuring PRGT long-term sustainability is a priority, and balancing a level of PRGT lending that meets the demand from eligible countries while ensuring the long-term sustainability of the Trust will be taken up in the ongoing PRGT Review. The Catastrophe Containment and Relief Trust (CCRT) remains severely underfunded, after providing debt relief to the IMF’s poorest and most vulnerable members during 2020–22. The Heavily Indebted Poor Countries (HIPC) initiative is nearly complete. Somalia reached its Completion Point under the HIPC Initiative in December 2023, while Sudan’s prospects for reaching its HIPC Completion Point remain uncertain owing to domestic developments.
Book Synopsis Selected Decisions and Selected Documents of the International Monetary Fund, 42nd Issue by : International Monetary Fund. Legal Dept.
Download or read book Selected Decisions and Selected Documents of the International Monetary Fund, 42nd Issue written by International Monetary Fund. Legal Dept. and published by International Monetary Fund. This book was released on 2022-08-10 with total page 962 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume documents decisions, interpretations, and resolutions of the Executive Board and Board of Governors of the International Monetary Fund, as well as documents relating to the United Nations and other international organizations.
Book Synopsis IMF Financial Operations 2018 by : International Monetary Fund. Finance Dept.
Download or read book IMF Financial Operations 2018 written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2018-04-18 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: IMF Financial Operations 2018 provides a broad introduction to how the IMF fulfills its mission through its financial activities. It covers the financial structure and operations of the IMF and provides background detail on the financial statements. It reviews the IMF's three main activities: lending, surveillance, and technical assistance.
Book Synopsis IMF Financial Operations 2014 by : International Monetary Fund. Finance Dept.
Download or read book IMF Financial Operations 2014 written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2014-10-07 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: IMF Financial Operations 2014 provides a broad introduction to how the IMF fulfills its mission through its financial activities. It covers the financial structure and operations of the IMF and also provides background detail of the financial statements for the IMF’s activities during the most recent financial year. This publication updates a previous report entitled Financial Organization and Operations of the IMF, first published in 1986 and last issued in 2001 (the sixth edition). That 2001 report reflected the seismic shifts in the global economy and in the IMF’s structure and operations that occurred after the fall of the Soviet Union and the various currency and financial crises of the 1990s. This revised and updated report covers more recent developments, including measures taken in response to the global financial crisis of 2007-09 and the institutional reforms aimed at ensuring that the IMF’s governance structure evolves in line with developments in the global economy, as well as reforms to the IMF’s income model.
