- International Monetary Fund
- Published Date:
- March 2004
|African-multiple countries||General Data Dissemination System||$440,508||Regional long-term advisor, short-term experts, and regional seminar to assist participating countries in preparing GDDS metadata, posting metadata, and the implementation of plans for improving statistics as described in the GDDS metadata. Assistance will be provided to Angola, Cape Verde, Mozambique, and Sāo Tomé and Príncipe.|
|African-multiple countries||Real Sector Statistics||$70,854||Peripatetic expert to assist the Gambia, Ghana, and Sudan with improvement of national accounts and price statistics. The expert will assist with improvement of source statistics used to compile national accounts statistics, coverage and compilation methods for GDP, national consumer price indices, and provide training.|
|BEAC-Bank of Central African States||Regional AML/CFT||$237,800||Long-term advisor to support ongoing efforts of the Central African Economic and Monetary Union to strengthen the banking sector through the protection of market integrity by developing an efficient AML/CFT framework in the region.|
|COBAC-Central Africa Banking Commission||Banking Supervision||$237,800||Long-term advisor to work with COBAC to strengthen banking supervision in the region with focus on training of staff in the conduct of on-site inspections, improvement of coverage of off-site supervision, and adoption of required new regulations.|
|Congo, Dem. Rep. of||Central Bank Operations||$108,900||Long-term advisor to support the Central Bank of the Congo to strengthen its capacity to undertake its key functions, including monetary and foreign exchange policy and banking supervision and restructuring, as well as accounting and internal audit.|
|Congo, Dem. Rep. of||Customs Administration||$108,900||Extension of long-term advisor to assist with implementation of reforms to strengthen customs administration organization and procedures. The advisor will help the Customs Department strengthen its capacity to detect undervaluation and other trade-related fraud, simplify customs procedures to facilitate trade, develop trade and economic information, determine the feasibility of upgrading the customs IT system, and prepare and implement training plans.|
|Congo, Dem. Rep. of||Customs Administration||$217,800||Extension of long-term advisor to assist with implementation of reforms to strengthen customs administration and prepare for the introduction of tax policy reforms. The advisor will help the Customs Department implement the pilot customs office project, including changes in organization of offices, improvements in the clearance procedures, implementation of new control methods, and preparations for upgrade of the new customs IT system, and once the pilot office is operational, expand the reform to other customs regions.|
|Congo, Dem. Rep. of||Public Expenditure Management||$217,800||Extension of long-term advisor to assist with rebuilding basic treasury and budget execution functions including: simplification and rationalization of the expenditure chain, including full implementation of the commitment stage and reduction of redundant controls, improvement of the fiscal monitoring capacity, streamlining of bank accounts, and reorganizing the procedures for budget preparation.|
|Congo, Dem. Rep. of||Tax Administration||$108,900||Extension of long-term advisor to assist with the finalization of preparations for the large taxpayers unit (LTU), including implementation of the LTU organizational structure and procedures, self-assessment methods and new collection procedures, and comprehensive audit and collection enforcement programs, as well as design of IT support strategies and development of taxpayers information services.|
|Congo, Dem. Rep. of||Tax Administration||$36,300||Extension of long-term advisor to assist with the finalization of preparations for the establishment of a large taxpayers unit (LTU) and support the LTU’s initial operations by supporting the implementation of new collection procedures for large taxpayers, development of a large taxpayers information campaign, and design of an audit program.|
|Congo, Republic of||Multisector Statistics||$217,800||Extension of long-term advisor to assist concerned government agencies with improvement of institutional structure and capacity to compile balance of payments, national accounts and price, government finance, and monetary statistics; assist with finalization of the draft statistical law; and help establish systems for the regular and timely reporting of macroeconomic statistics to the IMF.|
|Eritrea||Banking Supervision||$217,800||Extension of long-term advisor to assist the Bank of Eritrea strengthen the legislative and regulatory framework to allow for more effective banking supervision, and to help the central bank implement a system of detailed on-site inspections for banks, including assisting with the first round of full on-site inspections.|
|Eritrea||Tax Administration||$141,708||Peripatetic expert to assist the Inland Revenue Department improve the effectiveness of the tax administration, particularly for large taxpayers, with focus on reviewing the operations of the Large Taxpayers Office (LTO), establishing key headquarters functions, and development and implementation of an audit strategy for the LTO.|
|Ghana||Budget and Treasury Management||$217,800||Extension of long-term advisor to assist the Ministry of Finance with introducing an improved system of cash planning and management; extending the pro-poor expenditure tracking system to all government expenditures; improving the timeliness, accuracy, and reliability of expenditure data and setting up a reporting system; and enhancing controls over payroll and expenditures.|
|Malawi||Expenditure Control and Management||$108,900||Extension of long-term advisor to assist the Ministry of Finance with strengthening fiscal reporting, budget preparation, budget execution and internal controls, the medium-term expenditure framework, and improving the institutional and legal framework for fiscal management.|
|Mauritius||Banking Supervision||$94,472||Peripatetic expert to assist the Bank of Mauritius in strengthening its banking supervision capacities, particularly with regard to the development of an implementation strategy for me new Banking Act; improving information exchanges between the central bank and the Financial Services Commission, and developing consistent procedures for the two organizations’ on-site and off-site supervision; and implementing recommendations of the recent FSAP report.|
|MEFMI- Macroeconomic and Financial Management Institute of Eastern and Southern Africa||Financial Programming and Policies||$93,750||Regional course held in Namibia on macroeconomic management and structural adjustment, focusing on financial programming, for participants from Angola, Botswana, Lesotho, Malawi, Namibia, Swaziland, Tanzania, Uganda, Zambia, and Zimbabwe.|
|Niger||Treasury Management||$108,900||Extension of long-term advisor to assist the Ministry of Finance with the ongoing treasury reforms, with particular focus on introduction of a new budget classification, implementation of a new chart of accounts, and strengthening the link between the budget and treasury departments.|
|Niger and WAEMU-West African Economic and Monetary Union||Tax Administration||$108,900||Extension of long-term advisor to support the implementation of effective and efficient tax administration procedures and methods in Niger, including supporting the full implementation of the new large taxpayer unit, audit and collection enforcement measures, development of headquarters organizational structure, design of the IT strategy for the tax departments, and preparation of a comprehensive staff training program. The advisor will also participate in Fund assistance to other WAEMU countries.|
|Niger and WAEMU-West African Economic and Monetary Union||Tax Administration||$108,900||Extension of long-term advisor to support the implementation of tax administration reforms in Niger, including the implementation of a full-fledged large taxpayers unit, preparation and implementation of new audit and collection enforcement measures, reforming headquarters’ organizational structure, developing an IT strategy, and staff training. The advisor will also participate in Fund assistance to other WAEMU countries.|
|Nigeria||Budget Management||$108,900||Long-term advisor to assist the Accountant General’s Office with improving expenditure reporting, automating the current accounting and reporting system, improving expenditure control, and strengthening the cash management system.|
|Rwanda||Banking Supervision||$217,800||Extension of long-term advisor to assist the Bank of Rwanda in further strengthening banking supervision, developing formal working tools, reinforcing prudential regulations, restructuring banks, and implementing systemic resolution measures, and to assist the Governor of the Bank of Rwanda in implementing a modern internal audit unit.|
|Rwanda||Foreign Exchange and Monetary Operations||$217,800||Extension of long-term advisor to assist the National Bank of Rwanda in improving the implementation of monetary and foreign exchange policy, and to consolidate progress made thus far through strengthening the operational capacity of its staff.|
|SADC-Southern African Development Community||Payment Systems||$237,800||Regional long-term advisor to assist participating SADC central banks in modernizing the large and small value payment systems, including introducing a real-time gross settlement system and ensuring that a supportive legal structure is in place.|
|The Gambia||Macroeconomic Policy and Management||$217,800||Extension of long-term advisor to assist the Department of State for Finance and Economic Affairs in strengthening its institutional structure for formulating and implementing macroeconomic policies, including developing consistent macroeconomic frameworks and strengthening macropolicy coordination among key government agencies.|
|The Gambia||Public Expenditure Management||$108,900||Long-term advisor to assist the authorities with strengthening budget execution and reporting, including introduction of a new budget classification, preparing financial instructions required by the new organic budget law, and improving budget coverage and transparency by eliminating or integrating into the budget below-the-line-accounts.|
|Uganda||Banking Supervision||$217,800||Extension of long-term advisor to assist the authorities in further strengthening banking supervision, introduce risk-based supervision, and reinforce prudential rules needed for a healthier banking system and enhanced financial intermediation.|
|WAEMU-West African Economic and Monetary Union||Government Finance Statistics||$144,900||Extension of the regional long-term advisor to assist WAEMU member countries with the implementation of their plans for improving government finance statistics as described in the GDDS metadata. The advisor will help create sustainable capacity to compile and disseminate governance finance data, government domestic and foreign debt, and debt service data, consistent with the guidance provided under the GDDS, and help update the GDDS metadata.|
|WAEMU-West African Economic and Monetary Union||Real Sector Statistics||$138,900||Extension of the regional long-term advisor to assist WAEMU member countries with the implementation of their plans for improving real-sector statistics as described in the GDDS metadata. The advisor will help create sustainable capacity to compile and disseminate real-sector statistics consistent with the guidance provided under the GDDS, and help update the GDDS metadata.|
|WAIFEM-West African Institute for Financial and Economic Management||Financial Programming Policies||$93,750||Regional course on macroeconomic policies and financial programming for participants from WAIFEM member countries (Nigeria, Ghana, The Gambia, Liberia, and Sierra Leone). The course is intended to enable participants to acquire a better understanding of macroeconomic relationships and the linkages with structural reform.|
|Afghanistan||Financial Legislation||$141,708||Short-term experts to assist Da Afghanistan Bank with drafting of adequate new financial sector legislation consisting of central banking, banking, capital markets and payments laws and regulations, and training of financial sector regulators.|
|Afghanistan||Multisector Statistics||$217,800||Long-term advisor to assist the authorities with the strengthening of economic and financial statistics, including strengthening the institutional and legal framework for the functioning of a viable statistical system, and improved production of national accounts, prices, balance of payments, fiscal, money and banking statistics, and development of source statistics.|
|Afghanistan and SAARC-South Asian Association for Regional Cooperation||National Accounts Statistics||$93,750||Regional seminar to provide national accounts compilers from Afghanistan and SAARC countries with a greater understanding of compilation techniques and an opportunity for them to share their views on data sources and compilation practices.|
|Asia and Pacific–multiple countries||Monetary Policy and Foreign Exchange Operations||$283,416||Series of short-term expert assignments to assist countries in the Asia and Pacific Region with small central banks in enhancing their monetary policy and exchange rate operations. Assistance will be provided to the Central Banks of Fiji, Samoa, Tonga, Solomon Islands, Mongolia, Maldives, Vanuatu, and Sri Lanka.|
|Asia and Pacific–multiple countries||Tax Legislation||$94,472||Short-term experts to assist participating countries with preparing legislative and regulatory changes for tax reform, including drafting implementing regulations, and drafting and/or refining tax codes. Assistance will be provided to Cambodia, Lao PDR, Palau, Philippines, Timor-Leste, Tonga, and Vietnam.|
|Bangladesh||Monetary Policy and Operations||$108,900||Long-term expert to assist the Bangladesh Bank in developing its capacity to implement monetary and exchange rate policy and in conducting monetary and foreign exchange operations in a floating exchange rate environment.|
|Cambodia||Central Bank Operations||$163,350||Long-term advisor to assist the National Bank of Cambodia on a broad range of policy issues, including implementation of a new chart of accounts for banks, strengthening banking supervision, upgrading the accounting system for the central bank, and improving communication with banks.|
|Cambodia||Multisector Statistics||$217,800||Extension of long-term advisor to assist the authorities in strengthening the capacity to produce statistics for economic policymaking. The advisor will provide advice on the development and improvement of statistical infrastructure and capacity, and assist with improving the availability, methodology, and quality of national accounts, price, foreign trade, balance of payments, government finance, and monetary and financial statistics.|
|Cambodia and STI–Singapore Regional Training Institute||Field Visit to ISA- Supported Projects||$15,000||Provide funding for the costs associated with a joint IMF/Japan field visit to Cambodia and the IMF-Singapore Regional Training Institute aimed at enhancing the knowledge of representatives of the Japanese authorities concerning the effectiveness of JSA-financed projects.|
|China||Balance of Payment Statistics,||$50,000||Seminar on balance of payments and international investment position statistics as part of the Joint China-IMF Training Program to cover the conceptual framework of the balance of payments and international investment position as presented in the fifth edition of the Balance of Payments Manual. The aim will be to familiarize participants with the methodology and procedures for the compilation of balance of payments and international investment position statistics and enhance participants’ knowledge of methods and procedures used in other countries.|
|China||Banking Supervision||$94,472||Peripatetic expert to assist the People’s Bank of China in accelerating the strengthening of banking supervision in China through identification of issues and challenges facing the regulatory and supervisory framework and review of existing laws, regulations, guidelines, and policies.|
|China||Banking Supervision||$70,000||Course on banking supervision as part of the Joint China–IMF Training Program to cover broad issues of bank soundness and the economy, interrelationships between supervisory actions and macroeconomic policies, management of risks in banking, core principles of effective supervision, and methodologies for bank supervision. Participants from the People’s Bank of China will be expected to gain a basic understanding of the various aspects of banking supervision.|
|China||Financial Programming Policies||$50,000||Course on financial programming and policies as part of the Joint China–IMF Training Program to provide participants with a better understanding of the techniques and the issues involved in formulating and implementing a financial program.|
|China||Financial Systems||$70,000||Workshop on assessing financial systems to provide an overview of the policy issues related to assessing financial system soundness, and the practical tools for conducting such assessments. Participants from the People’s Bank of China will be expected to gain a deepened and broadened understanding of the structural, institutional, and macroeconomic aspects of financial system stability.|
|China||Government Finance Statistics||$50,000||Seminar on government finance statistics as part of the Joint China–IMF Training Program to cover the conceptual and practical aspects of compiling government finance statistics. The methodology of the GFS Manual 2001 is expected to be used as a model in the design of the new chart of accounts and budget classification that is part of the budget and treasury reforms in the Ministry of Finance.|
|China||Monetary and Financial Statistics||$50,000||Course on monetary and financial statistics as part of the Joint China-IMF Training Program to focus on the methodology for collecting, compiling, and reporting the monetary data to be used in the macroeconomic analysis based on the Monetary and Financial Statistics Manual. The course is expected to familiarize participants with the recommended analytical framework of monetary and financial statistics, data reporting requirements, and the use of macroeconomic statistics in formulating and conducting economic policy.|
|Cook Islands||Financial Legislation||$70,854||Short-term expert to assist the authorities with a review of the banking, insurance, and offshore banking acts and preparation of amendments to bring them into conformity with internationally recognized standards.|
|Indonesia||Banking Supervision||$217,800||Extension of long-term advisor to assist the Bank of Indonesia to strengthen banking supervision, particularly with the implementation of risk-focused supervision and special surveillance issues. A key focus of the assignment will be to contribute to the development and implementation of consolidated supervision, enhanced data collection for supervisory purposes, and improved supervisory guidelines for internal control purposes.|
|Indonesia||Bankruptcy Law||$30,000||Training seminar for Commercial Court judges on the relationship between bankruptcy and arbitration and publication and dissemination of seminar proceedings.|
|Mongolia||Budget and Treasury Management||$217,800||Extension of long-term advisor to assist the Ministry of Finance in establishing a fully-functional treasury single account; expanding the capacity of the treasury system; reforming government banking, payment, and accounting arrangements; improving fiscal reporting; establishing efficient cash management and reducing payment arrears; and improving the legal and regulatory framework|
|Mongolia||Real Sector Statistics||$108,900||Extension of long-term advisor to assist the National Statistical Office with the strengthening of real sector statistics by, among other things, improving the methodology used for the compilation of economic accounts for agriculture, improving the coverage of the informal sector and small-scale activities, developing a coherent set of indicators/deflators for the compilation of GDP at constant prices, and developing procedures for reconciling the GDP estimates derived from the production and expenditure approaches.|
|Mongolia||Real Sector Statistics||$145,200||Extension of the long-term advisor to assist the National Statistical Office in improving national accounts estimates and price statistics; developing methodological recommendations for compilation of GDP by expenditure approach at constant prices; developing new and improving existing data sources for expenditure side estimates, including compilation of Gross Capital Formation; and improving international trade statistics.|
|Mongolia and Timor-Leste||Field Visit to ISA-Supported Projects||$15,000||Provide funding for the costs associated with a joint IMF/Japan field visit to Mongolia and Timor-Leste aimed at enhancing the knowledge of representatives of the Japanese authorities concerning the effectiveness of JSA-financed projects.|
|Nepal||Central Bank Operations||$165,326||Peripatetic expert to assist the Nepal Rastra Bank with its reorganization and developing its capacity to formulate and implement monetary and exchange rate policies and supervise financial market development.|
|Offshore Financial Centers in the Pacific Region||AML/CFT and Financial Supervision||$283,416||Short-term experts to help increase the capacity of participating jurisdictions to improve their financial supervision and protect their financial sector from money laundering practices and to combat the financing of terrorism.|
|Pacific island countries||Banking Regulation and Supervision||$70,000||Regional workshop on the regulation and supervision of bank and financial institutions to equip participants with practical knowledge on the various approaches and options for resolving common supervision issues prevalent in the region.|
|Pacific island countries||Creation of Legal and Institutional Framework to Combat Financial Sector Crime||$518,874||Short-term experts and a regional seminar to assist participating countries in establishing the legal and institutional framework necessary to ensure that money laundering, terrorism financing, and fraud do not compromise the integrity of their financial systems. Assistance includes assessments of existing legal and institutional frameworks, organization of a seminar on drafting AML/CFT legislation, preparation of draft legislation, and preparation of recommendations for the establishment of financial intelligence units.|
|Pacific island countries||General Data Dissemination System||$401,166||Short-term experts and regional seminar to assist participating countries in preparing GDDS metadata, posting metadata, and the implementation of plans for improving statistics as described in the GDDS metadata. Assistance will be provided to a large number of Pacific island countries.|
|Palau||Banking and Financial Supervision||$94,472||Peripatetic expert to support the Financial Institutions Commission to establish and strengthen regulation and supervision of financial institutions in line with international standards, including assistance with the drafting of necessary regulations and reporting forms, conducting off-site and on-site monitoring, and providing on-the-job training. The expert will also assist in implementing anti-money laundering measures for financial institutions.|
|PFTAC-Pacific Financial Technical Assistance Center||Multisector Statistics||$252,800||Long-term regional advisor to advise and assist PFTAC member countries on a broad range of economic and financial statistics, through advisory visits, training courses and seminars.|
|PFTAC-Pacific Financial Technical Assistance Center||Tax and Customs Administration||$252,800||Extension of long-term regional advisor to advise and assist PFTAC member countries on a broad range of areas in tax and customs policy and administration, through advisory visits and training courses and seminars.|
|Philippines||Banking Supervision||$217,800||Long-term advisor to assist with the design and implementation of a comprehensive technical assistance program to enhance financial sector supervisory capacity of the central bank.|
|Samoa||Financial Legislation||$70,854||Short-term expert to assist the Central Bank of Samoa in revising the existing Financial Institutions Act and drafting of a new Insurance Act with the aim of bringing them into conformity with internationally recognized standards.|
|Sri Lanka||Central Bank and Financial Legislation||$118,090||Peripatetic expert to assist the Central Bank of Sri Lanka in revising the central bank and banking legislation in order to make it consistent with internationally recognized standards.|
|Sri Lanka||Monetary Operations||$141,708||Peripatetic expert to assist the Central Bank of Sri Lanka in improving the transparency and effectiveness of central bank open market operations, and to enhance the skills of the operators of the open market facility.|
|STI-Singapore Regional Training Institute||Macroeconomic Analysis and Policy||$217,800||Extension of long-term expert to provide training at STI-sponsored courses and seminars in various aspects of macroeconomic management, statistical methodology, financial sector issues, and other topical areas of current interest to member countries.|
|STI-Singapore Regional Training||Macroeconomic Analysis and Policy||$217,800||Extension of second long-term expert to provide training at STI-sponsored courses and seminars in various aspects of macroeconomic management, statistical methodology, financial sector issues, and other topical areas of current interest to member countries.|
|Thailand||Banking Supervision||$217,800||Extension of long-term advisor to assist the Bank of Thailand in strengthening its off-site banking supervision capability, including improving financial reports from the banking sector, new risk measures, training off-site examiners, developing an off-site supervisory program, and improving off-site linkages with the on-site examination process to foster a more cohesive supervisory framework.|
|Timor-Leste||Central Bank Operations Banking Supervision||$217,800||Extension of the Banking and Payments Authority’s Deputy General Manager for Supervision and the transformation of the previous support for the General Manager into support for the position of Special Advisor to the General Manager for Administration. The support focuses on further development of the supervisory function and strengthening and improving existing administrative routines in preparation for the establishment of a central bank. Half of the costs of these assignments are cost-shared by the UNTAET|
|Timor-Leste||Central Bank Payments and Accounting and Controls||$217,800||Extension of the Banking and Payments Authority’s Deputy General Manager for Payments and Chief Accountant responsible for developing the payment system and the accounting and controls system. Half of the costs of these assignments are cost-shared by the UNTAET.|
|Timor-Leste||Multisector Statistics||$217,800||Extension of long-term advisor to assist the authorities establish a working national statistical system. The advisor will, among other things, help facilitate activities carried out by different government agencies in the development of macroeconomic statistical systems and advise the authorities on the development and improvement of the institutional structure and operational capacity to compile national accounts, price, balance of payments, government finance, and monetary and financial statistics.|
|Tonga||Central Bank and Financial Legislation||$70,854||Short-term expert to assist the National Reserve Bank of Tonga in revising the central bank and financial institutions legislation of Tonga in order to bring it into conformity with internationally recognized standards.|
|Tonga||Central Bank Operations||$217,800||Extension of the long-term advisor to the National Reserve Bank to assist the Governor in the operation of the central bank and train Deputy Governors and other staff so that the central bank can function smoothly.|
|Vanuatu||Banking Supervision||$217,800||Extension of long-term advisor to assist in strengthening the operational capacity of the bank supervision department of the Reserve Bank of Vanuatu, including the supervision of offshore financial institutions and anti-money laundering measures.|
|Albania and Bosnia and Herzegovina||Monetary Policy Research||$237,800||Long-term advisor to assist the Bank of Albania and the Central Bank of Bosnia and Herzegovina in upgrading their research functions. In Albania the advisor will help further upgrade the Bank’s capability in monetary policy strategy and design. In Bosnia and Herzegovina the advisor will help upgrade the research department in terms of organizational framework, technology, skills, and databases.|
|Bosnia and Herzegovina||Multisector Statistics||$217,800||Extension of long-term advisor to assist the authorities in building adequate statistics for production and dissemination of country-wide national accounts, price, foreign trade, balance of payments, government finance, and monetary and financial statistics, and guide and assist with the successful implementation of the new state statistics law.|
|Bulgaria||Budget Management||$108,900||Extension of long-term advisor to assist the Ministry of Finance to sustain the treasury reforms and move toward a more results-oriented budget process. The main focus will be on budget preparation and program budgeting issues, including finalization of budget guidelines and procedures.|
|Kosovo||Accounting and Auditing||$ 108,900||Extension of long-term advisor to help strengthen auditing and accounting functions at the Banking and Payments Authority of Kosovo to ensure efficient and transparent financial operations.|
|Kosovo||Banking and Payment Systems||$217,800||Extension of the Managing Director of the Banking and Payments Authority of Kosovo to ensure the successful restoration and transformation of the banking and payments system in Kosovo.|
|Slovak Republic||Banking Supervision||$217,800||Extension of long-term advisor to provide overall guidance for the strengthening of the supervisory capacity in the National Bank of the Slovak Republic, including assistance in the development and implementation of a strategic plan for banking supervision and provision of training of bank supervisory staff on issues defined in the strategic plan.|
|Slovenia||Public Expenditure Management||$54,450||Short-term expert to support the Ministry of Finance in further reforming government budgeting, transforming the payments office to implement the task of recording and reporting of government revenues and expenditures, improving government cash management, and providing training at the Regional Training Center in the Ministry of Finance.|
|Slovenia||Public Expenditure Management||$70,854||Peripatetic expert to assist the Center of Excellence in Finance, established by the Ministry of Finance in Slovenia, with the design of a regional training program, identification of expert teachers, delivery of training, and coordination activities with donors and participating countries.|
|Armenia||Public Expenditure Management||$108,900||Long-term advisor to assist the authorities with furthering the public expenditure management reforms, including preparation and implementation of a pilot project on reforming the accounting system, improvements in financial planning and cash management, assessment of the commitment control system, and monitoring the development of the recently introduced internal audit in line ministries.|
|Armenia||Treasury Management||$108,900||Extension of long-term advisor to assist with the completion of the treasury management reforms, focusing on implementation of new procedures for controlling expenditure commitments and arrears, improving fiscal reporting, and finalizing the modernization of the treasury information system.|
|Azerbaijan and Moldova||National Accounts Statistics||$188,944||Peripatetic expert to assist the Azerbaijani and Moldovan authorities in improving annual and quarterly national accounts statistics. Assistance will include assessments of the required improvements, developing work programs to meet the needs, and providing assistance to implement the programs, including through training.|
|European II-multiple countries||Monetary and Financial Statistics||$93,750||Regional seminar to provide participants from the Baltics, Russia, and other countries from the former Soviet Union with an enhanced knowledge of monetary statistics methodology, compilation techniques, and dissemination standards, and thus allow them to contribute to the improvements of monetary analysis in their respective countries.|
|European II-multipie countries||Workshop on Direct Tax Issues in CIS Countries||$60,000||Regional workshop to exchange experiences with changes in the rates and structure of the direct taxes and their effect on tax compliance and tax administration. Half of the cost of the workshop is cost-shared by the Government of Italy.|
|Kyrgyz Republic||Banking Supervision and Reform||$217,800||Extension of long-term advisor to assist the National Bank of the Kyrgyz Republic with enhancement of the legal and regulatory infrastructure, strengthening of the bank supervision capability, and the implementation of further structural reform measures.|
|Russia||Banking Supervision||$217,800||Extension of long-term advisor to provide technical and policy advice to the Banking Regulation and Supervision Department and management of the Central Bank of the Russian Federation, including on the completion of an effective system for off-site analysis, the development of an early warning system, and the coordination of banking sector technical assistance from other multilateral and bilateral donors.|
|Russia||Budget and Treasury Management||$217,800||Extension of long-term advisor to assist the Russian Federation Treasury with further improvements in the budget structure and budget process and to support the development of a complete program classification for government expenditures, and with treasury reform, including the finalization of a new chart of accounts and the introduction of a centralized treasury single account system.|
|Russia and other transition countries in the region||Budget and Treasury Management||$217,800||Extension of the long-term advisor to assist the Russian Federation Treasury with finalizing the development of a unified chart of accounts and accounting instructions, and development of an IT strategy for the ongoing modernization program. The advisor will also provide assistance in treasury modernization projects in other transition economies in the region.|
|Uzbekistan||Budget and Treasury Management||$108,900||Long-term advisor to assist the Ministry of Finance in developing and implementing a comprehensive strategy for budget and treasury reforms. Assistance will include development of a new budget classification, a new uniform chart of accounts and public sector accounting standards, a new policy covering extra-budgetary operations, the conceptual design of an information management system, and the establishment of an internal audit function.|
|IMF–multiple regions||High-Level Seminar on Macroeconomic Management-Tokyo||$500,000||Seminar on “Macroeconomic Management and the Japanese Experience in Economic Development” organized jointly with the Japan Center for International Finance for high-level officials from CIS and Asian countries.|
|IMF-multiple regions||Joint Vienna Institute-Macroeconomic Management and Structural Adjustment||$500,000||Provide continued funding for the activities of the IMF at the Joint Vienna Institute.|
|IMF-multiple regions||ISA Annual Report||$ 17,000||Provide funding for the costs associated with translation and printing of the English and Japanese versions of the JSA Annual Report.|
|IMF-multiple regions||Monetary and Financial Statistics||$93,750||Regional seminar for Lusophone African countries and Brazil to familiarize participants with the methodology and procedures for the compilation of monetary statistics based on the Monetary and Financial Statistics Manual and to improve participants’ knowledge of linkages among major macroeconomic statistical systems and of the use of statistics in financial programming, economic analysis, and monetary policy.|
|IMF-multiple regions||Producer Price Statistics||$93,750||Regional seminar focusing on practical, conceptual, and theoretical issues contained in the new Producer Price Index Manual. The seminar will provide PPI compilers from 15 countries, representing all IMF regions, with a greater understanding of PPI concepts and compilation techniques, and an opportunity for them to share their views on the new standards and compilation practices.|
|IMF-multiple regions||Tax Legislation||$118,090||Short-term experts to prepare Issues Briefs on topics relevant to the design of tax laws and tax regulations as well as legal aspects of tax administration. The Issues Briefs will be made available to tax officials from around the world.|
|Afghanistan and Islamic Republic of Iran||Macroeconomic Management and Policies||$93,750||Course for officials from Afghanistan and Iran aiming at broadening their understanding of the issues involved in macroeconomic management and policies. The course covers the four main macroeconomic sectors, covering the accounts, analysis, and policies in each of the sectors as well as interrelations between the sectors.|
|Morocco||Banking Supervision||$217,800||Long-term advisor to assist the Bank Al-Maghrib improve the effectiveness of banking supervision in order to improve compliance with Basel Core Principles. Focus will be on increasing reliability of the off-site inspections, increasing—through training—the number of on-site examiners, improving the regulatory framework, and increasing the credibility of the banking supervision capacity.|
|Sudan||Banking Supervision||$217,800||Long-term advisor to assist the Bank of Sudan with modernization of banking supervision with focus on the development of documents for on-site inspection, data collection and analysis for off-site supervision, training, and internal control.|
|Syrian Arab Republic||Banking Supervision||$217,800||Long-term advisor to assist with the implementation of the newly established regulations and strengthening the supervision function of the Central Bank of Syria by training of supervisory staff, development of appropriate set of regulations and accounting framework, and implementing on-site and off-site supervision.|
|Bolivia||Customs Administration||$54,450||Extension of long-term advisor to assist the National Customs Service with customs administration reform with focus on the phasing out of pre-shipment inspection and the completion of the handover of IT support to customs staff.|
|Dominican Republic||Balance of Payment Statistics||$141,708||Peripatetic expert to assist the Central Bank of the Dominican Republic strengthen balance of payments statistics with focus on development of annual international investment position data in accordance with the fifth edition of the Balance of Payments Manual, and follow-up on the recommendations of the 2002 multisector statistics mission on balance of payments statistics.|
|ECCB–Eastern Caribbean Central Bank||Monetary and Financial Statistics||$93,750||Regional seminar for ECCB member countries to help familiarize participants with the methodology and procedures for the compilation of monetary statistics based on the Monetary and Financial Statistics Manual and to improve participants’ knowledge of linkages among major macroeconomic statistical systems and of the use of statistics in financial programming, economic analysis, and monetary policy.|
|Paraguay||Monetary Policy and Banking Supervision||$217,800||Long-term advisor to assist the Central Bank of Paraguay with strengthening key central bank and financial sector supervision activities and provide general policy advice on matters of macroeconomic and monetary and exchange rate policies.|
|Western Hemisphere-multiple countries||Special Data Dissemination Standard||$70,000||Regional outreach seminar for participants from potential subscribers in the region with the aim to familiarize participants with detailed requirements of the SDDS, develop a readiness check list for each participating country, seek participants’ commitment to work toward subscription, and agree with participants on a strategy to bring each country into subscription.|
The purpose of these visits is to provide the Japanese authorities with a firsthand view as to how JSA funding is being used in the field. These visits are designed to assess: (1) how the authorities value the work of experts funded; (2) whether the authorities are making effective use of the assistance; and (3) whether the technical assistance is making a contribution to the reform process. Discussions also sometimes touch on more generic TA policy and operational issues such as (1) the relative effectiveness of long-term and short-term expert assignments; (2) identification of TA needs; (3) integration of TA into IMF-supported programs; and (4) the role of resident representatives and TA experts in coordinating assistance from other donors.
The joint mission usually comprises two Japanese officials (a representative of the Ministry of Finance, and a representative of the Japanese Executive Directors’ Office) and an IMF staff member.
Countries and projects selected for review are based on a number of considerations to be illustrative of different levels of economic development and structural reform and variation between regions and subject areas.
Following receipt of briefing notes and/or briefing of mission members at IMF headquarters, the mission members visit recipient countries where TA is provided and, where possible, meet separately with the senior representatives of the host institution (usually the Minister of Finance, Governor of the Central Bank, or Chairman of the Central Statistical Organization), the immediate counterparts to the expert (usually department heads), and the expert himself/herself. In the case of seminars or training courses, meetings are also held with participants in the respective sessions or courses as well as with officials in charge of human resources development at the relevant training institutions.
To date, 10 visits have been carried out (covering 17 countries, two regional training institutes, and the Pacific Financial Technical Assistance Center) since this practice was introduced in FY1996. The field visits have found that JSA funding is well administered and effectively used. In all the visits, the authorities were well aware and fully recognized the importance of, and expressed their appreciation for, Japan’s financial support to the IMF’s TA program. The positive firsthand view gained by the Japanese authorities has contributed to the continued strong support by Japan, through their contributions to the JSA, for the IMF’s TA program. A list of all field visits carried out and the summaries of the reports of the two field visits that took place in FY2003 are provided below.
Joint Field Visits FY1996-FY2003
1. Fiji and Western Samoa (Pacific Financial Technical Assistance Center - PFTAC), March 1996
2. Kazakhstan and the Kyrgyz Republic, June 1996
3. Zambia and Zimbabwe, December 1996
4. Russian Federation, July 1997
5. Bulgaria and Lithuania, June 1998
6. Indonesia, Singapore Training Institute, and Thailand, June/July 1999
7. Belarus and Slovenia, June 2000
8. Azerbaijan and the Joint Vienna Institute, June 2001
9. Cambodia and the IMF-Singapore Regional Training Institute, June 2002
10. Mongolia and Timor-Leste, September 2002
Joint Field Visits in FY2003
Cambodia and IMF-Singapore Regional Training Institute, June 2002
In Cambodia, the JSA has since 1994 supported TA activities at the National Bank of Cambodia (NBC) in banking supervision, restructuring of the banking system, balance of payments and monetary statistics, operations in foreign exchange and international reserves management, as well as information and computerization systems; at the Ministry of Economy and Finance (MEF) in fiscal policy and macrofiscal management; at the Department of Customs and Excise in strengthening customs administration; at the Ministries of Justice and Commerce in the preparation of insolvency law; and at the Ministry of Planning (MOP) and National Statistics Institute (NIS) in national accounts, price, and government finance statistics. To date, over $2 million of JSA financing has been provided for IMF TA in Cambodia, which has contributed significantly to the overall IMF TA for that country, which, since FY2000, has been among the top 10 recipients of IMF TA. At present, the JSA is financing two IMF resident advisors—a Central Bank Advisor with the NBC, and a Multisector Statistics Advisor based at the NIS and MOP, but also working with MEF and NBC.
In the view of the authorities, the Central Bank Advisor has made important contributions in the process of bank restructuring; building the NBC’s capacity to implement effective on- and off-site bank supervision through on-the-job training and workshops; reform of bank accounting practices and associated reporting; and the ongoing review of prudential regulations and the development of a payment law and amendments to existing banking law to close loopholes. Similarly, the authorities expressed appreciation for the Multisector Statistics Advisor’s assistance with: providing inputs to the draft Statistics Law; formulating strategic plans for the development and improvement of national accounts, price, and government finance statistics; advising on the organizational aspects and interagency coordination and resources required to produce statistics; and with providing on-the-job training for NIS staff.
At the end of their visit, the review mission concluded that the activities and areas of work being financed were central to fiscal and economic reform undertaken by the government; the experts financed were highly experienced and dedicated professionals and capable of working with very senior officials on policy matters as well as with working level officials on day-to-day tasks; and the IMF’s TA was highly valued and appreciated by recipient authorities.
The IMF-Singapore Regional Training Institute (STI) was established in Singapore in May 1998 as a joint venture of the IMF and Singapore. The objectives of the STI are to (1) train officials from the Asia and Pacific region in the design and implementation of macroeconomic policies; (2) provide training in the core areas of the IMF’s expertise that is attuned to regional needs; and (3) strengthen the economic training capacity of the region. The training program consists of core courses on macroeconomic analysis and policy, and specialized courses on fiscal and monetary economics, national accounts, and money and banking statistics. Seminars and workshops focus on topical issues such as capital account convertibility, issues of transition economies, monetary operations, central banking accounting, financial markets and new financial instruments, problem banks, inflation targeting, and tax incentives.
Since its establishment in 1998 through 2002, STI has conducted 97 courses, seminars, and workshops (including national courses/seminars held in a participating Asia and Pacific countries) and trained over 2,300 participants from 41 countries. Participants are mainly drawn from ministries of finance, central banks, and bank supervisory agencies. Starting with eight training sessions in 1998, STI now provides over 20 training sessions annually. Japan’s support for the STI has been mainly through the JSA, which, to date, has provided some $1.4 million of financing for experts and participant costs. The JSA currently finances the two senior economists/instructors on the STI staff.
The Director and the experts believed that STI’s program has contributed to building a cohort of officials in the region with a good understanding of macroeconomics and related topics. While there were no formal assessments of trainees at the conclusion of courses, the performance of trainees could be gauged from required individual classroom participation and presentations. As for assessments by trainees and authorities of the training experience, the mission was provided with a summary of the assessments provided by the trainees who had attended the past eight courses. This summary indicated a high level of appreciation for the content of the courses, and for the instructors and presentation methods, and a high level of overall satisfaction with the training provided. While no formal feedback has been requested from authorities, the Director’s consultations with selected authorities (some five undertaken annually) indicated a high appreciation for STI that is evidenced by the continuing and growing demand for STI training.
Mongolia and Timor-Leste, September 2002
In Mongolia, the JSA has since 1994 funded 27 TA activities totaling approximately $3 million covering banking and payments system reform, tax administration, macroeconomic statistics, and tax legislation. About two-thirds of IMF TA in Mongolia is financed by the JSA. At present, the JSA is financing the assignment of two IMF resident advisors—a budget and treasury advisor and a macroeconomic statistics advisor. The former has been instrumental in assisting the Ministry of Economy and Finance strengthen revenue collection and establish a single treasury account (TSA). The latter has been working with the National Statistical Office on strengthening the national accounts and the consumer price index.
The authorities spoke highly of both advisors, whose contribution they viewed as important to the country’s reform program. Reining in multiple government accounts and providing better national accounts were instrumental in carrying out reform efforts under Mongolia’s PRGF program. The Minister of Finance and senior officials at the Central Bank appreciated the technical competence of the IMF’s resident advisors, and were fully receptive to their recommendations, which have been, by and large, implemented—albeit in the case of the TSA, after some initial delays. Both advisors confirmed that their recommendations were heeded, and that the authorities were committed to carrying out the reforms.
In Timor-Leste, TA provided by the IMF since the establishment of the UNTAET (United Nations Transitory Authority in East Timor) in 2001 has been largely a post-conflict-type assistance involving the fielding of resident advisors to establish and temporarily run essential offices and institutions, such as the Central Payments Office, the Central Fiscal Authority, the Revenue Service, and the Central Statistical Office. Since 2001, the IMF’s technical assistance in Timor-Leste, provided under JSA financing, has involved some 12 TA activities amounting to some $2 million, representing about one-fourth of IMF TA in Timor-Leste.
The review mission met with senior government officials, donor representatives, and four of the six JSA-funded advisors (the other two were out of town) in the Central Payments Office (CPO) and the Ministry of Economy and Finance (MEF). At the CPO, it was noted that these advisors had been instrumental in creating the office. While they initially managed the office with the help of several expatriates, they have since recruited local staff and have been training them in all aspects of central banking, while preparing for the transformation of the office into a proper central bank in the near future and for the consolidation of the payments system. Similarly at the MEF, it was noted that the IMF’s fiscal TA had made possible the establishment of a Central Fiscal Authority. The various resident experts have, in addition to building local staff capacity, developed an organic budget law and annual appropriation laws; introduced several tax laws; organized budget preparation and execution; computerized treasury operations; mainstreamed customs operations into the budget; and enhanced cooperation between the Payments Office and the Fiscal Authority.
The authorities and donor representatives commended the contribution of the IMF’s advisors to the mergence of critically needed financial institutions. The advisors indicated that their efforts were well received by all parties concerned, in the local and donor communities, and that they were confident that when the UN winds down its large TA operations, the Central Bank and the Ministry of Finance will have gained sufficient local expertise to carry on with their tasks.
Following the introduction of a formal process of evaluation of JSA-funded technical assistance projects by the beneficiaries, evaluation questionnaires have been returned by beneficiary authorities for a total of 84 projects. This represents a response rate of 72 percent, which is considered relatively good. Because questionnaires in a number of cases are sent to more than one agency or country, reflecting the institutional realities of the individual projects, more than one questionnaire per project is sometimes received. To date, the number of received questionnaires total 100.
Overall, the responses show that the authorities are highly satisfied with JSA-funded technical assistance. As shown in tab (on next page), answers indicate that the beneficiary authorities are satisfied with the terms of reference for the expert. Although 92 percent of respondents expressed that the terms of reference reflected their needs, 18 percent indicated that they were not or only partially consulted on the terms of reference prior to arrival of the expert. Beneficiaries were also satisfied with the identification of the expert used under the project. Almost all respondents (91 percent) viewed the qualifications and experience of the expert as appropriate. Cooperation between the expert and counterparts was also considered good by 88 percent of respondents. The responses were slightly lower (81 percent) regarding the usefulness of the expert’s advice in terms of the reform efforts. On a question regarding skills transfer, 74 percent of respondents indicated that the expert paid sufficient attention to training and capacity building, leaving 21 percent who indicated that skills transfer was only partially sufficient and another 4 percent who felt it had been inadequate. Respondents were satisfied (81 percent) with the ongoing supervision by IMF headquarters. Not surprisingly, given the tasks at hand in most countries and the complex realities of reforming economic and financial management practices and building institutional and human capacities, 20 percent of respondents felt that there were relevant issues or tasks that were not addressed by the expert. Overall, 60 percent of respondents indicated that they were highly satisfied with the overall progress made during the project and another 38 percent were satisfied. Only one respondent was unsatisfied with progress.
|1. Did the terms of reference for the expert reflect your needs?||92||6||1||1|
|2. Were you consulted regarding the expert’s terms of reference before his/her arrival?||81||9||9||1|
|3. Were the expert’s qualifications and experience, in your view, appropriate?||91||8||0||1|
|4. Did the expert cooperate well with his counterparts?||88||12||0||0|
|5. Was the expert’s advice useful in supporting reform?||81||19||0||0|
|6. Did the expert pay sufficient attention to training and capacity building?||74||21||4||1|
|7. Were all relevant issues or tasks addressed by the expert?||80||20|
|8. To your knowledge was the expert adequately supervised by Fund headquarters?||81||12||1||6|
|9. How would you rate the overall progress of this assignment?||60||38||1||1|
|Administered Account for Selected Fund Activities - Japan||Framework Administered Account for Technical Assistance Activities - Subaccount for Japan Advanced Scholarship Program|
|Balance Sheet as at April 30, 2003 and 2002|
|(In thousands of U.S. dollars)|
|Cash and cash equivalents||25,031||20,459||1,844||1,924|
|Income Statements and Changes in Resources for the Years Ended April 30,2003 and 2002|
|(In thousands of U.S. dollars)|
|Balance, beginning of the year||20,459||14,580||1,924||1,834|
|Income earned on Investments||227||298||21||41|
|Payments to and on behalf of beneficiaries||(21,163)||(19,384)||(1,622)||(1,428)|
|Net changes in resources||4,572||5,879||(80)||90|
|Balance, end of the year||25,031||20,459||1,844||1,924|
Other bilateral donors include Australia, Canada, China, Denmark, France, Germany, Ireland, Italy, Luxembourg, The Netherlands, New Zealand, Norway, Portugal, Russia, Sweden, Switzerland, the United Kingdom, and the United States; multilateral donors include the Asian Development Bank, the Caribbean Development Bank, the European Commission, the Inter-American Development Bank, the United Nations, the United Nations Development Program, and the World Bank.
In this report, unless a distinction is made, use of the term “JSA” (Japan Administered Account for Selected Fund Activities) is meant to include the “JAA” (Japan Administered Technical Assistance Account), which was its predecessor administered account.
The reference to fiscal year (FY) in this report is to the IMF’s fiscal year, which runs from May 1 through April 30. Reports on FY2000–2002 can be found on the IMF’s website, http://www.imf.org/JSA.
For additional information on the IMF’s activities visit http://www.imf.org
The reference to person years in this report is to the time spent by IMF staff and experts on technical assistance activities.
The JSA Annual Report for FY2002 includes descriptions of such activities.
Because of the time required for the contracting and fielding of experts and payment of invoices, there is a time lag between commitments and disbursements. The duration of a JSA-funded technical assistance project is normally 6-12 months.
Multiregional projects are those with beneficiaries from more than one region. Annex 1 includes a description of such projects.
The scholarship program targets candidates from the following countries: Cambodia, China, Indonesia, Kazakhstan, Kyrgyzstan, Lao PDR, Mongolia, Myanmar, the Philippines, Tajikistan, Thailand, Turkmenistan, Uzbekistan, Vietnam, and the Pacific Island countries. Nationals of other countries in the region are also considered on a case-by-case basis.
Under the Japan-IMF Scholarship Program for Asia, academic year refers to the period September 1-August 31. Thus, academic year 2002 refers to the period September 1, 2002-August 31, 2003.
Graduate Institute for Policy Studies (GRIPS), Hitotsubashi University, International University of Japan, and Yokohama National University.
Under the Japan-IMF Advanced Scholarship Program, academic year refers to the period August 1-July 31. Thus, academic year 2002 refers to the period August 1, 2002-July 31,2003.