Back Matter

Back Matter

Author(s):
International Monetary Fund
Published Date:
August 2007
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    Annex 1:
    JSA TECHNICAL ASSISTANCE PROJECTS APPROVED IN FY2007
    AFRICA REGION
    BeneficiarySubject AreaCommittedDescription
    Africa—multiple countriesTax Administration$260,400Extension of a long-term regional advisor to assist the ministers of finance and heads of tax departments in Cameroon and the Democratic Republic of the Congo with the implementation of their tax administration modernization action plans based on strategies recommended by the IMF. The advisor will also spend about a third of his time assisting other Francophone African countries with their tax administration reforms, beginning with Madagascar.
    Africa—multiple countriesTax and Customs Administration$200,200Short-term experts to assist four African countries (Malawi, Nigeria, Rwanda, and Zambia) that are dealing with similar revenue administration issues. Assistance will focus on (1) improving tax operations through strengthening self-assessment and risk management, (2) developing function-based tax and customs administration, and (3) introducing taxpayer segmentation to better take into account compliance risks and service needs of large, medium, and small taxpayers.
    Africa—multiple countriesPayment Systems$260,400Extension of long-term regional expert to assist the central banks in Angola, Botswana, Ghana, Malawi, Namibia, Sierra Leone, and Swaziland with the reform and modernization of their national payment and settlement systems.
    Africa—multiple countriesBalance of Payments$93,750Seminar on Balance of Payments, International Investment Position, and External Debt Statistics, for data compilers from the five Lusophone African countries (Angola, Cape Verde, Guinea Bissau, Mozambique, and Sāo Tomé and Príncipe) and also from Timor-Leste. The seminar, to be held in Lisbon, Portugal, will focus on compilation techniques consistent with the IMF’s Balance of Payments Manual, 5th Edition and External Debt Statistics: Guide for Compilers and Users.
    Africa—multiple countriesBanking Supervision$85,800Short-term experts to help COBAC (the regional banking commission for central Africa) strengthen its banking supervision capacity through staff training, particularly with regard to on-site supervision, preparation of procedures manuals, and development of a common methodology applicable to all six member countries of the Central African Economic and Monetary Community (CEMAC).
    Africa—multiple countriesReal Sector Statistics$280,400Extension of long-term resident advisor to continue helping the Democratic Republic of the Congo and the Republic of Congo strengthen their institutional structures and capacities to compile and disseminate economic and financial statistics, including participation in the General Data Dissemination System (GDDS). Assistance will focus on the improvement of national accounts and price statistics and strengthened coordination among data-producing agencies and data users.
    Africa—multiple countriesReal Sector Statistics$330,400Regional advisor based in Botswana to help statistical agencies in Botswana, Namibia, and Mauritius bring their real sector statistics up to a level that would enable them to subscribe to the IMF’s Special Data Dissemination Standard (SDDS) intended for member countries seeking access to international capital markets.
    Africa—multiple countriesFinancial Programming and Policies$93,750Regional Course on Financial Programming and Policies to be held in collaboration with the Banque des Etats de l’Afrique Centrale (BEAC) for officials from the six CEMAC member countries and other selected countries in the region, including Angola, Burundi, Comoros, the Democratic Republic of the Congo, Djibouti, Madagascar, and Rwanda. The course will cover macroeconomic accounts and forecasting techniques and macroeconomic structural issues.
    Africa—multiple countriesFinancial Programming and Policies$93,750Regional Course on Financial Programming and Policies for participants from the five member countries of the West African Institute for Financial and Economic Management. The course will focus on the analysis of macroeconomic developments and design of policies that promote macroeconomic stability and economic growth.
    Africa—multiple countriesFinancial Programming and Policies$93,750Regional Course on Macroeconomic Management Issues and Debt Policies for officials from the eight member countries of the West African Economic and Monetary Union (WAEMU), as well as Guinea and Mauritania. The course will focus on the links between macroeconomic and debt policies and introduce the IMF’s debt sustainability framework.
    Africa—multiple countriesMacroeconomic Management and Fiscal Policy$93,750Regional Course on Macroeconomic Management and Fiscal Policy Issues to be held in collaboration with the Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI) for participants from MEFMI member countries. The course will cover a broad range of fiscal policy issues and their implications for macroeconomic management.
    Africa—multiple countriesMacroeconomic Management and Financial Sector Issues$93,750Regional Course on Macroeconomic Management and Financial Sector Issues to be held at the Joint African Institute for officials from Francophone African countries. The course will cover topics of current interest such as stabilization and growth, inflation targeting, and other frameworks for monetary policy, financial sector reform strategies, and assessment of financial fragility.
    Africa—multiple countriesAnti–Money Laundering and Combating the Financing of Terrorism (AML/CFT)$30,000Regional AML/CFT workshop for evaluators from Francophone countries of the Inter-Governmental Action Group Against Money Laundering in West Africa. The workshop will provide training on the practical aspects of preparing a detailed assessment report using the common methodology for assessing compliance with the Financial Action Task Force (FATF) recommendations (FATF 40 Recommendations and FATF 9 Special Recommendations).
    Africa—multiple countriesAnti–Money Laundering and Combating the Financing of Terrorism (AML/CFT)$93,750Regional AML/CFT workshop for judges from the member countries of the “Association des Hautes Juridictions Francophones” in the Francophone countries in west and central Africa. The workshop will focus on the theoretical and practical aspects of the recommendations of the Financial Action Task Force (FATF 40 Recommendations and FATF 9 Special Recommendations) for an AML/ CFT framework and its implementation.
    BurundiPublic Financial Management$281,100Long-term advisor to help the Ministry of Finance strengthen budget management through (1) proper recording of payroll and Heavily Indebted Poor Countries expenditures, (2) improved accounting operations, (3) simplifying and rationalizing procedures, (4) issuance of budget and accounting manuals, and (5) re-establishing the treasury single account at the central bank.
    BurundiCentral Bank Operations$260,400Extension of long-term advisor to assist in modernizing the operations of the Central Bank of Burundi. Assistance during this phase will focus on liquidity management and monetary and foreign exchange operations.
    Central African RepublicPublic Financial Management$260,400Long-term advisor to help the Ministry of Finance consolidate its public financial management reform efforts, including re-establishing treasury authority over all government monies, completing rationalization of government bank accounts, improving cash planning, auditing, and strengthening the regulatory framework.
    Congo, Dem. Rep. ofPublic Financial Management$260,400Extension of long-term advisor to assist the budget and treasury departments with their ongoing reform program. The advisor will focus on integrating the budget classifications into the accounting classifications, reducing the gap between budgetary appropriations and actual expenditures, and timely reconciliation of accounts and reporting.
    Congo, Dem. Rep. ofCentral Bank Operations$27,100Short-term expert to complete the assignment of the long-term advisor to the governor of the Central Bank of the Congo (BCC). The advisor, whose tenure was curtailed for personal reasons, was assisting with implementation of the action plan to strengthen BCC’s capacity in key central bank functions, and the coordination of all TA provided to BCC by various donors.
    Congo,Central Bank$ 143,000Extension of information technology expert
    Dem. Rep. ofOperationsto help the Central Bank of the Congo complete the computerization of its accounting and foreign exchange operations, and to conduct on-the-job training and seminars for staff of the Information Technology Directorate.
    East AFRITACPublic Financial$296,400Continued financing for a regional public
    Managementfinancial management (PFM) advisor based at the East Africa Regional Technical Assistance Center (East AFRITAC) to assist the six member countries with the following: developing improved/new budget laws and regulations and treasury manuals; strengthening implementation of program/performance budgeting and improved budget classifications; and improving budget execution and accounting systems, including expenditure control, cash management, and fiscal reporting.
    KenyaCustoms$171,600Peripatetic expert to help the Kenya revenue
    Administrationauthority strengthen customs administration by putting in place the proposed new function-based organization structure, streamlining operational processes, and developing and applying key customs administration performance indicators.
    LiberiaTax Administration$57,200Short-term expert to help the Ministry of Finance initiate consolidation of organizational units into a single, function-based tax administration, strengthen operations of the large taxpayer unit, and develop a tax administration reform and modernization plan.
    LiberiaTax and Customs Administration$171,600Peripatetic expert to provide continued assistance to the ministry of finance in implementing tax and customs reforms. Focus will be on (1) establishing a consolidated tax administration with a fully functioning large taxpayer unit and clearly defined medium and small taxpayer operations and (2) preparing a plan for the modernization of customs operations.
    LiberiaCentral Bank Operations$260,400Long-term resident expert to serve as the chief administrator at the Central Bank of Liberia to strengthen its governance and financial management and ensure that internal controls and audits are carried out in accordance with established principles.
    LiberiaBank Restructuring$114,000Peripatetic expert to help the Central Bank of Liberia build its capacity to carry out the rehabilitation and liquidation of insolvent and problem banks and resolve the problem of abandoned and non-operating banks.
    MadagascarPublic Financial Management$57,200Short-term expert to assist the Ministry of Finance with (1) establishing a system of commitment planning and management in key line ministries, (2) improving the system of cash planning and management, and (3) adopting measures to prevent arrears.
    MauritiusMonetary Policy and Financial Sector Strategy$130,200Long-term advisor for six months to assist the Bank of Mauritius with (1) implementation of its monetary framework and (2) preparation of a financial sector strategy paper.
    NigeriaPublic Expenditure Management$260,400Long-term advisor to help the Office of the Accountant General of the Federation complete the rollout of the computerized accounting transactions recording and reporting system to all federal line ministries, departments, and agencies and initiate its use in the collection and consolidation of financial data and the production of annual financial statements.
    RwandaMonetary Policy and$114,400Peripatetic expert to help the National Bank
    Foreign Exchangeof Rwanda (NBR) build the analytical
    Operationscapacity of the research department to support the NBR in carrying out its responsibilities for monetary and foreign exchange policy formulation and implementation.
    Sierra LeoneTax Administration$57,200Short-term expert to help the National Revenue Authority implement its modernization strategy, specifically with restructuring the domestic tax department along functional lines and strengthening the operations of the large taxpayer unit.
    UgandaTax Administration$85,800Extension of a short-term peripatetic expert to help the Uganda Revenue Authority strengthen its large taxpayer office, establish medium-size taxpayer offices, complete a draft tax procedure code, strengthen the system for service to small taxpayers, and implement an integrated tax administration information technology system.
    UgandaBanking Supervision$260,400Extension of long-term advisor to continue helping the Bank of Uganda strengthen the framework for risk-based supervision and build staff capacity for effectively supervising financial institutions. The advisor will, in particular, assist with strengthening the legal and regulatory framework for supervision, complete the updating of off-site surveillance manuals, complete the development of the consolidated supervisory framework, and carry out staff training in a broad range of central bank functions.
    WAEMU—WestPublic Financial$171,600Short-term experts to help the WAEMU
    African EconomicManagementCommission revise two of its five public
    and Monetaryfinancial management directives—namely,
    Unionthe Directive on Organic Budget Law and the Directive on Public Accounting Regulation—and to ensure consistency between the two directives.
    West AFRITACReal Sector Statistics$295,400Extension of long-term regional advisor based at West AFRITAC to help the 10 member states strengthen the capacity of their national statistical agencies to collect data and compile and disseminate national accounts and price index statistics consistent with internationally accepted methodologies and practices. The advisor will help participating countries implement plans for improving real sector statistics as described in their General Data Dissemination System metadata, and provide regular and timely reporting of these statistics to the IMF for operational use and inclusion in IMF statistical publications.
    ASIA AND PACIFIC REGION
    Asia and Pacific—multiple countriesMacroeconomic Management and Structural Adjustment$500,000Continued funding for the training of Asian participants at the Joint Vienna Institute. Most of these participants come from countries implementing economic programs to redress macroeconomic imbalances or carry out structural reforms aimed at improving macroeconomic management and promoting transformation to market economies.
    Asia and Pacific—multiple countriesMacroeconomic Analysis and Policy$260,400Continued funding for one of two JSA-financed long-term experts assigned to the IMF-Singapore Regional Training Institute to conduct courses and seminars in various aspects of macroeconomic management, statistical methodology, financial soundness and transparency, and other topics of current interest to member countries.
    Asia and Pacific—multiple countriesMacroeconomic Analysis and Policy$130,200Extension of the second JSA-financed long-term expert assigned to the IMF-Singapore Regional Training Institute to conduct courses and seminars in various aspects of macroeconomic management, statistical methodology, financial soundness and transparency, and other topics of current interest to member countries.
    Asia and Pacific—multiple countriesPublic Financial Management$85,800Regional short-term expert to (1) help Tonga and the Marshall Islands develop capacity for preparing revenue estimates through training Ministry of Finance staff and (2) help the Ministry of Finance in Kiribati assess its budget formulation capacity and prepare a plan to implement a multi-year budget framework.
    Asia and Pacific—multiple countriesTax Legislation$286,000Short-term experts to help selected countries in Asia and the Pacific improve tax legislation, including enactment of a revised income tax law in Bangladesh, improved legal framework for petroleum taxation in Cambodia, enactment of a new revenue administration law in Fiji, amendment of the income tax act in Kiribati, enactment of a value added tax (VAT) law in the Marshall Islands, adoption of implementing regulations and manuals for new tax laws in Mongolia, enactment of a revenue administration act in Papua New Guinea, enactment of VAT law and a revenue administration act in the Solomon Islands, and consolidation of tax legislation in Timor-Leste.
    Asia and Pacific—multiple countriesFinancial Sector Supervision$118,400Regional expert to help the central banks of Indonesia, the Philippines, and Thailand (1) conduct an assessment of their capital markets supervision program and their progress in implementing Basel II and (2) plan for enhancing their capacity in both areas.
    Asia and Pacific—multiple countriesFinancial Sector Supervision$260,400As a follow-up to the above assistance, a long-term regional advisor based in Thailand will help central banks in the Asia and Pacific region (initially in Indonesia, the Philippines, and Thailand) strengthen their capacity in capital markets supervision, risk management, and risk modeling, in connection with Basel II implementation. Assistance will include classroom and on-the-job training and the development of new examination procedures and guidelines.
    Asia and Pacific—multiple countriesExternal Sector Statistics$93,750Seminar on international investment position and external debt statistics methodology for participants from some 12 countries in the Asia and Pacific Region to promote familiarity with the IMF’s manuals and guides—namely, the Balance of Payments Manual (5th Edition), International Investment Position: A Guide to Data Sources, and External Debt Statistics: Guide for Compilers and Users.
    Asia and Pacific—multiple countriesData Dissemination Standards$50,000Seminar to familiarize national statistical agency staff from about 15 countries in the Asia and Pacific region with recent developments in the IMF’s data dissemination initiatives with a view to promoting greater participation in the IMF’s GDDS (General Data Dissemination System) and subscription to the IMF’s SDDS (Special Data Dissemination Standard).
    Asia and Pacific—multiple countriesAnti–Money Laundering and Combating the Financing of Terrorism (AML/CFT)$93,750An AML/CFT Workshop to be held at the IMF-Singapore Regional Training Institute for participants from 12 countries in the Asia and Pacific region. The workshop will focus on the processes involved in the development of AML/CFT supervisory strategies and tools.
    Asia and Pacific—multiple countriesField Visit to JSA-Supported Projects$20,000Provide funding for the costs associated with a joint IMF-Japan field visit to Cambodia, the Philippines, and the IMF-Singapore Regional Training Institute aimed at enhancing the knowledge of the Japanese authorities concerning the effectiveness of JSA-financed projects.
    BangladeshCentral Bank Audit$114,400Peripatetic expert to continue helping the Bangladesh Bank strengthen its internal audit, including improving audit documentation and file management, strengthening the organizational structure of the internal audit department and oversight of the audit committee, and improving staff skills through classroom and on-the-job training.
    BhutanMonetary Policy and Operations$260,400Long-term resident advisor to help the Royal Monetary Authority strengthen the monetary policy framework and monetary operations with a focus on strengthening reserves management, introduction of market-based instruments in implementation of monetary policy, introduction of a liquidity management framework, and relaxation of restrictions on foreign currency exchange.
    BhutanMonetary Policy and Operations$85,800Short-term expert to work with the resident advisor in helping the Royal Monetary Authority implement a liquidity monitoring and forecasting framework, including identifying measures to develop interinstitutional borrowing arrangements.
    CambodiaPublic Financial Management$200,200Short-term experts to help the National Treasury (1) utilize the new chart of accounts in budget preparation and execution and (2) formulate a cash management and fiscal reporting strategy that includes rationalizing government bank accounts, improving cash planning, and preventing payment arrears.
    CambodiaCustoms Administration$143,000Two short-term experts to continue helping the Customs and Excise Department complete implementation of the customs administration reform and modernization plan, including preparing and issuing needed regulations, installing the ASYCUDA computerized customs clearance system, and introducing procedures and guidelines for the new automated operational environment. The experts will also assist with developing a strategy for future external support needed to sustain the current customs reform initiatives.
    CambodiaBanking Supervision$260,400Extension of long-term advisor to continue helping the National Bank of Cambodia strengthen its banking supervision capacity. This phase of the assistance will focus on enhancing off-site surveillance. The advisor will also assist with strengthening the regulatory framework and enforcement of prudential regulations.
    CambodiaCentral Bank Audit$114,400Short-term expert to help the National Bank of Cambodia (NBC) strengthen the capacity of its internal audit department by providing on-the-job training and assisting with audits of selected NBC departments and operational areas.
    CambodiaMultisector Statistics$265,400Extension of long-term advisor to continue helping the National Institute of Statistics, the Ministry of Economy and Finance, and the National Bank of Cambodia formulate and implement programs to strengthen their institutional structure and operational capacity to improve real sector and balance of payments statistics and, to a lesser extent, government finance and monetary statistics. The advisor will also assist with (1) improving coordination among data producing agencies and TA donors and (2) the annual revision of General Data Dissemination System (GDDS) metadata and implementation of GDDS action plans.
    ChinaTax Policy$28,600Short-term expert to conduct a workshop for senior officials of the State Administration for Taxation on various aspects of corporate and financial taxation, including the tax treatment of financial derivatives, cross-border investments, financial leases, mergers and acquisitions, and e-commerce.
    ChinaBalance of Payments Statistics$50,000Course on Balance of Payments Statistics under the Joint China-IMF Training Program in Dalian for officials from the State Administration for Foreign Exchange and other government agencies. The course will focus on the conceptual framework of balance of payments and investment position presented in the IMF’s Balance of Payments Manual, Fifth Edition (BPM5)and the methodologies and procedures for compiling these statistics.
    ChinaExternal Sector Statistics$50,000Seminar on Cross-Border Flows and Stocks under the Joint China-IMF Training Program in Dalian for officials from the State Administration for Foreign Exchange and other relevant government agencies and commissions, as well as various bank representatives. The topics to be covered include the framework for external sector statistics, capital account liberalization, cross-border flows and stock statistics for banks, direct investment flows and stock statistics, and utilization of international organizations’ data.
    ChinaMacroeconomic Management and Fiscal Issues$50,000Course on Macroeconomic Management and Fiscal Issues under the Joint China-IMF Training Program in Dalian for officials from selected government agencies. The course will examine key elements of fiscal policy and macroeconomic management, such as taxation, expenditure policies, fiscal management, public infrastructure and growth, and public enterprise reform and privatization. It will also address recent fiscal challenges, such as contingent liabilities, fiscal decentralization, and governance issues.
    ChinaMacroeconomic Management and Financial Sector Issues$50,000Course on Macroeconomic Management and Financial Sector Issues under the Joint China-IMF Training Program in Dalian for officials from the People’s Bank of China and other government agencies. The course will examine how financial sector issues affect macroeconomic management, with a special focus on such issues as exchange rate regimes, capital account liberalization, international capital flows, regulation of the financial system, and assessment of financial fragility.
    ChinaFinancial Programming and Policies$50,000Course on Financial Programming and Policies under the Joint China-IMF Training Program in Dalian for staff of the People’s Bank of China and other government agencies. The course will focus on the techniques of, and the issues involved in, formulating and implementing a financial program.
    ChinaFinancial Programming and Policies$70,000A second course on Financial Programming and Policies under the Joint China-IMF Training Program in Dalian for staff of the People’s Bank of China and other government agencies. The course will also focus on the techniques of, and the issues involved in, formulating and implementing a financial program.
    ChinaMonetary Policy$50,000Workshop on Monetary Policy to be held in Dalian for senior and mid-level officials from the People’s Bank of China and other government agencies to examine the key requirements for effective implementation of market-based monetary policy instruments.
    FijiMacroeconomic Management$57,200Short-term experts to help the Ministry of Finance prepare a report on a medium-term debt strategy and framework for Fiji that would examine, among other things, portfolio composition, use of financial instruments and markets, and the overall sustainability of public debt within the broad framework of the government’s fiscal policy. The experts will also conduct training on debt sustainability analysis.
    Lao P.D.R.Customs Administration$114,400Continued financing for a peripatetic expert to help the Ministry of Finance (MOF) finalize the legal framework needed to implement the new customs law, including the Prime Minister’s Implementing Decree and other regulations, and MOF instructions, guidelines, and manuals.
    MaldivesFinancial Sector Supervision$243,900Short-term experts to provide continued support for the Maldives Monetary Authority in developing its capacity for financial sector regulation and supervision consistent with international best practices. In this phase, emphasis will be on completion of prudential regulations, review of organizational structure of the financial supervision department, and staff training, particularly in off-site monitoring and on-site supervision.
    MongoliaCentral Bank Operations$200,200Short-term experts to help the Bank of Mongolia build its capacity in a broad range of central bank operations, including monetary policy and reserve management and banking supervision, as well as to strengthen its governance structure and internal control system.
    MongoliaReal Sector Statistics$114,400Peripatetic expert to help the National Statistical Office improve data collection systems and compilation procedures in the preparation of national accounts statistics in line with the recommendations of the United Nations System of National Accounts—1993.
    NepalTax and Customs Administration$143,000Short-term experts to assist the Inland Revenue and Customs Departments with (1) development and implementation of an action plan to improve control over large taxpayers, including an improved audit methodology, and (2) design and implementation of import and export risk management and revenue collection procedures to make best use of the upgraded ASYCUDA computerized system.
    NepalFinancial Sector Supervision$114,400Peripatetic expert to help the Nepal Rastra Bank improve its oversight of the financial sector through (1) conducting a self-assessment using the Basel Core Principles of Effective Banking Supervision and (2) identifying and implementing capacity-strengthening measures to address detected shortcomings.
    PalauMacroeconomic Analysis and Management$114,400Peripatetic expert to help the Bureau of Budget and Planning update financial procedures and build capacity for macrofiscal forecasting through preparation of manuals, development of a fiscal forecasting model, and staff training.
    Papua New GuineaBanking Supervision$114,400Short-term experts to help the Bank of Papua New Guinea strengthen its capacity for banking supervision through (1) delivery of training courses and on-the-job training in key supervisory areas and (2) updating supervisory procedures manuals.
    Papua New GuineaForeign Exchange Operations and Reserve Management$228,800Peripatetic short-term experts to help the Bank of Papua New Guinea (1) assess and strengthen its staff capacity for managing foreign exchange reserves and oversee the country’s exchange rate arrangements, and (2) upgrade financial management and reporting systems to be consistent with internationally accepted standards.
    PFTAC—Pacific Financial Technical Assistance CenterTax Policy and Tax and Customs Administration$296,400Extension of regional advisor based at the PFTAC in Fiji to continue assisting member countries in implementing their programs to modernize their tax policy framework and reform tax and customs administration, including, among other things, introduction and/or implementation of a value-added tax in Kiribati, the Solomon Islands, Tonga, and Tuvalu; introduction of a computerized customs information systems for Kiribati, the Marshall Islands, Niue, Palau, the Solomon Islands, Tonga, and Tuvalu; and redrafting of tax and customs laws in Fiji, Kiribati, Palau, the Solomon Islands, and Tuvalu.
    PFTACMultisector Statistics$305,400Extension of regional advisor in economic and financial statistics based at the PFTAC to continue helping member countries to strengthen their capacity to collect, compile, and disseminate a broad range of economic and financial statistics. Assistance, provided through advisory visits and training, will cover a broad range of issues, including management, infrastructure, and priority setting.
    PFTACReal Sector Statistics$143,000Regional expert to support the work of the PFTAC regional multisector statistics advisor in improving real sector statistics in the Pacific Island countries. In the first instance, the expert will assist in developing import price indices in Fiji, Samoa, the Solomon Islands, and Tonga, and carry out training in national accounts in Papua New Guinea.
    PFTACMonetary and Financial Statistics$143,000Regional expert to support the work of the PFTAC regional multisector statistics advisor in improving monetary and financial statistics in selected Pacific Island countries (Cook Islands, Fiji, Kiribati, the Marshall Islands, Palau, Samoa, and the Solomon Islands). Assistance will focus on the compilation of monthly monetary accounts in accordance with international standards for official use and publication and submission to the IMF.
    PhilippinesTax Administration$257,400Peripatetic expert to help the Bureau of Internal Revenue implement a comprehensive reform program agreed on by the government, the IMF, and the World Bank. Priority will be given to taxpayer registration and returns filing and assessments, audit, taxpayer services, and the establishment of a performance management system.
    PhilippinesBanking Supervision$249,000Extension of long-term resident advisor to continue helping the Philippines Central Bank (BSP) implement a new supervision and examination framework and carry out the newly approved reorganization of BSP’s supervision and examination department.
    PhilippinesBanking Supervision$260,400As a follow-up to the above assistance, extension of the long-term resident advisor to continue helping the Philippines Central Bank complete the reorganization of its supervision and examination department and implement a new risk-focused supervisory and consolidated examination framework.
    Solomon IslandsMonetary Policy and Operations$166,000Peripatetic expert to help the Central Bank of Solomon Islands (CBSI) implement policies to promote sound monetary and financial conditions and monitor financial sector developments. Assistance will focus on monetary prospects and policy alternatives, near-and medium-term actions and instruments, building monitoring capacity, and preparations for an organizational review of CBSI.
    Solomon IslandsMonetary Policy and Operations$171,600As a follow-up to the above assistance, peripatetic expert to provide continued support to the Central Bank of Solomon Islands (CBSI) in implementing policies that promote sound monetary and financial conditions and monitoring financial sector developments. Focus will continue on monetary prospects and policy alternatives, near- and medium-term actions and instruments, building monitoring capacity, and preparations for an organizational review of CBSI.
    Sri LankaFinancial Sector Supervision$200,200Short-term expert to continue helping the Insurance Board of Sri Lanka strengthen its capacity to regulate and supervise the insurance sector. Assistance will focus on the introduction of risk-based regulation and supervision of both insurance companies and insurance brokers.
    ThailandBanking Supervision$260,400Long-term resident advisor to help the Bank of Thailand strengthen its risk-focused consolidated supervision program. The advisor will, in particular, review the current program and design an enhancement plan, evaluate the structure of the examination division and recommend adjustments to ensure adequate support for the consolidated supervision of complex financial conglomerates, and conduct a mentoring program.
    Timor-LesteCentral Bank Operations$130,200Six-month extension of the long-term resident advisor to the general manager of the Banking and Payments Authority (BPA) to continue supporting BPA’s efforts to evolve into a central bank. In addition to building staff skills to perform central banking functions, the advisor will assist in developing BPA’s in-house capacity for policy design, developing a strategic institutional plan, and revising the Central Bank of Timor-Leste Law.
    VietnamTax Administration$114,400Peripatetic expert to assist the General Department of Taxation (GDT) with developing administration strategies for small, medium, and large taxpayers; restructuring GDT headquarters; and refining GDT’s performance measures.
    CENTRAL AND WESTERN EUROPE
    Bosnia and HerzegovinaReal Sector Statistics and Balance of Payments$270,400Extension of long-term advisor to continue helping the Bosnia and Herzegovina Agency for Statistics build its capacity for compiling reliable and timely real sector statistics. The advisor will also work with the Central Bank of Bosnia and Herzegovina on improving and expanding data for compilation of balance of payments.
    Central and Western Europe—multiple countriesMonetary Policy$267,000Extension of long-term regional advisor to help the National Bank of Serbia improve its monetary policy decision making through staff training in analysis and forecasting, upgrading research and documentation, and transitioning to a formal inflation targeting regime. The advisor will also make short trips to provide similar assistance to other countries in the region as needed and as time permits.
    Central and Western Europe—multiple countriesAnti–Money Laundering and Combating the Financing of Terrorism (AML/CFT)$93,750An AML/CFT workshop to be held at the Joint Vienna Institute for staff of Financial Intelligence Units in the Baltic countries, Bulgaria, Croatia, the Czech Republic, Moldova, Montenegro, Poland, Serbia, Slovenia, and Ukraine. The workshop will focus on the development and application of information technology systems for AML/ CFT purposes.
    KosovoCentral Bank Operations$260,400Continued financing for the position of managing director of the Banking and Payments Authority of Kosovo (BPK) to ensure continued development of a sound financial system in Kosovo, which would involve BPK maintaining adequate capitalization of financial institutions and carrying out strong enforcement actions, developing and implementing financial monitoring instruments, promoting domestic payment systems, and building local staff capacity to assume managerial positions in BPK.
    KosovoCentral Bank Operations$264,000As follow-up to the above-mentioned assistance, financing for the position of managing director of the Central Banking Authority of Kosovo (CBAK), formerly the Banking and Payments Authority of Kosovo, to continue capacity-strengthening of CBAK, particularly at the managerial level; modernization of payments systems; and improved financial reporting.
    Macedonia F.Y.R.Banking Supervision$260,400Extension of long-term advisor to help the National Bank of the Republic of Macedonia (NBRM) complete its move to risk-based supervision (RBS) through the implementation of its supervisory development plan to meet the preconditions for RBS, including (1) adoption of a comprehensive law on banks to establish their sound corporate governance and ensure that they have reliable internal risk-management systems, and control and audit processes; and (2) reorganizing NBRM banking supervision strategies and procedures in line with RBS.
    EASTERN EUROPE AND CENTRAL ASIA
    Eastern Europe and Central Asia—multiple countriesPublic Financial Management$306,400Long-term regional advisor based in Uzbekistan to assist with public financial management reform in selected countries in the region, including developing a unified chart of accounts in Armenia, transitioning to accrual accounting in Azerbaijan, and developing a comprehensive strategy for budget and treasury reform in Uzbekistan.
    Eastern Europe and Central Asia—multiple countriesTax Administration$149,000Peripatetic experts to help authorities in Armenia and Georgia implement tax administration reform, including (1) strengthening self-assessment and risk-based compliance, (2) moving to integrated and function-based tax operations, and (3) introducing taxpayer segmentation to better account for compliance risks and service needs of large, medium, and small taxpayers.
    Eastern Europe and Central Asia—multiple countriesMonetary and Financial Statistics$93,750Seminar for central bank officials responsible for compiling monetary and financial statistics in the Baltic countries, Russia, and other countries of the former Soviet Union. The seminar will cover both conceptual and practical aspects of compiling monetary and financial data consistent with the IMF’s Monetary and Financial Statistics Manual (MFSM 2000) and forthcoming Compilation Guide.
    Eastern Europe and Central Asia—multiple countriesBalance of Payments$93,750Seminar on the international transactions reporting system (ITRS) for officials from Azerbaijan, Georgia, Kazakhstan, the Kyrgyz Republic, Tajikistan, and Uzbekistan responsible for compiling balance of payments statistics, as well as staff of commercial banks in Azerbaijan that participate in the ITRS.
    Eastern Europe and Central Asia—multiple countriesExternal Sector Statistics$275,400Long-term advisor based in Azerbaijan to help the National Bank of Azerbaijan and the National Bank of Georgia, and other concerned agencies in these two countries, build their capacity for external sector data production, compilation, and dissemination.
    Eastern Europe and Central Asia—multiple countriesReal Sector Statistics$295,400Regional long-term advisor based in Uzbekistan to help statistical agencies in Tajikistan, Turkmenistan, and Uzbekistan improve their capacity to compile national accounts statistics, the consumer price index, and the producer price index.
    GeorgiaBanking Supervision$260,400Extension of long-term resident advisor to continue helping the National Bank of Georgia strengthen its banking supervision capacity. The advisor will, in particular, provide guidance and training in the areas of off-site supervision, licensing, remedial actions, and problem-bank resolution.
    GeorgiaPublic Financial Management$89,400Peripatetic expert to help the Ministry of Finance with implementation of the accounting reform strategy, introduction of a new budget economic classification system based on the IMF’s Government Finance Statistics Manual 2001, and further development of cash planning and management and commitment control instructions.
    UkraineMacroeconomic Management$282,400Extension of resident macrofiscal advisor to continue helping the Ministry of Finance strengthen its capacity for macrofiscal analysis, planning, and forecasting, including estimating macroeconomic consequences of proposed policy decisions or legislation. The advisor will also assist in the development of an organizational structure for the ministry’s new Macro-Forecasting Department that will best support its mandate.
    IMF—MULTIPLE REGIONS
    IMF—multiple regionsMacroeconomic Management$359,000High-Level 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 six Asian (Cambodia, China, Lao P.D.R., Mongolia, Myanmar, and Vietnam) and six Commonwealth of Independent States countries (Azerbaijan, Kazakhstan, the Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan).
    IMF—multiple regionsMonetary and Financial Statistics$286,000Short-term experts to help five Francophone countries in the Middle East and North Africa region (Algeria, Djibouti, Mauritania, Morocco, and Tunisia) strengthen their capacity to collect, compile, and disseminate monetary and financial statistics in accordance with the IMF’s Monetary and Financial Statistics Manual (MFSM).
    IMF—multiple regionsAnti-Money Laundering and Combating the Financing of Terrorism (AML/CFT)$50,000AML/CFT workshop for criminal justice officials from selected countries in Europe and the Middle East to familiarize them with the financial aspects of investigating and prosecuting money laundering, terrorism financing, and anticorruption cases, as well as with methods of tracing and confiscating the proceeds of these crimes.
    IMF—multiple regionsJSA Annual Report$20,170Funding for the costs associated with preparation and publication of the English and Japanese versions of the JSA Annual Report and its posting on the IMF public website.
    MIDDLE EAST REGION
    Afghanistan, I.R. ofBalance of Payments$114,400Peripatetic expert to help the Central Bank of Afghanistan to (1) compile balance of payments statements for 2006–2007 and lay the groundwork for the 2007–2008 exercise and (2) improve its capacity for data collection and compilation to enable timely balance of payments statements.
    Afghanistan, I.R. ofReal Sector Statistics$143,000Peripatetic expert to help the Central Statistical Office develop and improve its institutional structure and operational capacity to compile national accounts statistics, the consumer price index, and merchandise trade statistics.
    AlgeriaBanking Supervision$260,400Extension of expert on a long-term basis to continuing helping the Bank of Algeria strengthen its supervisory capacity. Assistance in this phase will focus on operationalizing the accounting and prudential databases, training on credit institution risk management, and strengthening on-site inspection through training and enhancing logistical support.
    EgyptTax Administration$85,800Short-term expert to help the Ministry of Finance with the merger of the existing income tax and sales tax departments into a new Egyptian Tax Authority.
    EgyptMonetary Policy and Operations$257,400Short-term experts to help the Central Bank of Egypt take stock of its preparations to implement an inflation targeting framework, including needed institutional and legal changes and strengthened capacity for macroeconomic analysis, forecasting, and public communications.
    METAC—Middle East Technical Assistance CenterPublic Financial Management$296,400Regional advisor to help the nine METAC member countries develop their capacity to implement public financial management (PFM) reforms in the following areas: the legal framework for PFM, budget preparation and execution, treasury modernization, fiscal reporting, and macrofiscal management. The advisor will also assist in improving coordination among TA providers in this field.
    METACBanking Supervision$148,200Regional advisor to help the nine METAC member countries strengthen their banking regulatory and supervisory capacity. The advisor’s primary focus will be on commercial bank supervision and regulation, including licensing, on-site supervision and off-site monitoring, and establishing the regulatory framework for conducting such activities. The advisor will also assist in improving coordination among TA providers in this field.
    METACCentral Bank Accounting$148,200Regional advisor to help the nine METAC member countries strengthen their central bank accounting functions, including putting in place new policies and procedures and adopting appropriate international financial reporting standards. The advisor will also assist in enhancing coordination among TA providers in this field.
    MoroccoFinancial Sector Supervision$143,000Short-term experts to help the task force set up by the Moroccan central bank (Bank Al-Maghreb) to advise the banking sector and other credit institutions on the international accounting standards/international financial reporting standards (IAS/IFRS) and ensure their compliance with these standards.
    Syrian Arab RepublicCentral Bank Accounting$130,200Six-month extension of advisor to help the Central Bank of Syria (1) complete restructuring of its accounting department, (2) prepare tender documents for the acquisition of software for the integration of treasury and accounting systems, and (3) improve systems to meet international financial reporting standards.
    West Bank and GazaCentral Bank Operations$343,200Peripatetic experts to help the Palestine Monetary Authority strengthen its capacity to carry out central banking functions and prepare for its transformation into a full-fledged central bank.
    WESTERN HEMISPHERE REGION
    ParaguayCustoms Administration$85,800Short-term expert to help the National Customs Directorate implement the government’s customs reform action plan, particularly with regard to strengthening management and training, streamlining control and duty assessments, automating facilities, implementing an anti-smuggling plan, and developing the next stage of needed reforms.
    ParaguayCustoms Administration$114,400Continued support for the National Customs Directorate to maintain customs reform momentum through further periodic visits by the short-term expert who, in addition to providing the technical assistance described above, will also assist with coordinating donor assistance and strengthening the directorate’s change management structure.
    Trinidad and TobagoFinancial Sector Supervision$260,400Extension of long-term advisor to help the Central Bank of Trinidad and Tobago strengthen its capacity for financial supervision. The advisor will assist with, and provide training on, consolidated supervision and cross-border risk assessment, including upgrading the reporting framework.
    Western Hemisphere—multiple countriesTax Administration$303,300Long-term regional advisor to assist selected member countries of the Caribbean Technical Assistance Center with implementation of their newly introduced value-added tax, particularly with compliance, enforcement, and auditing. The advisor will be based in one of the beneficiary countries, which include Antigua and Barbuda, Belize, Dominica, Grenada, Guyana, and St. Vincent and the Grenadines.
    Western Hemisphere—multiple countriesFinancial Programming and Policies$50,000Course on Financial Programming and Policies for officials from member countries of the Central American Monetary Council (CAMC). The course will cover the different accounts used in macroeconomic analysis, the evaluation of macroeconomic performance, and the preparation of economic forecasts.
    Western Hemisphere—multiple countriesMonetary and Financial Statistics$30,000Seminar for chief economists of central banks in the Central American region (members of monetary policy committee of the Central American Monetary Council) on the harmonization of monetary and financial statistics in the region in accordance with the standards and methodology of the IMF’s Monetary and Financial Statistics Manual.
    Western Hemisphere—multiple countriesAnti–Money Laundering and Combating the Financing of Terrorism (AML/CFT)$30,000Regional AML/CFT workshop for criminal justice officials from Costa Rica, Colombia, Nicaragua, and Panama. Training will focus on the financial aspects of investigating and prosecuting money laundering, terrorism financing and anticorruption cases, as well as methods of tracing and confiscating the proceeds of these crimes.
    Annex 2:

    JSA JOINT JAPAN-IMF FIELD VISITS

    Purpose

    The purpose of these visits is to provide the Japanese authorities with a firsthand view of how JSA funding is being used in the field. These visits are designed to assess (1) how the authorities value the work of funded experts, (2) whether the authorities are making effective use of the assistance, and (3) whether the technical assistance (TA) 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.

    Format

    The joint mission usually includes two Japanese officials (a representative of the Ministry of Finance and a representative of the Japanese Executive Director’s Office) and an IMF staff member.

    Countries and projects are selected for review by the Japanese authorities based on a number of considerations to reflect different levels of economic development and structural reform and variation between regions and subject areas.

    Once mission members receive briefing notes or are briefed at IMF headquarters, they visit recipient countries where TA is provided and, when 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 him- or 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. Meetings are typically held with other concerned donors to seek their views.

    Findings

    To date, 13 missions have been carried out (covering 21 countries, two regional training institutes, the Pacific Financial Technical Assistance Center, and the East Africa Regional 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 its financing of the JSA, for the IMF’s TA program. A list of all field visits and a summary report of the three field visits that took place in FY2007 are provided below. Reports on earlier field visits can be found in previous JSA Annual Reports.

    Joint Field Visits in FY1996–FY2007 1

    • 1. Fiji (Pacific Financial Technical Assistance Center) and Western Samoa, March 1996

    • 2. Kazakhstan and the Kyrgyz Republic, June 1996

    • 3. Zambia and Zimbabwe, December 1996

    • 4. The Russian Federation, July 1997

    • 5. Bulgaria and Lithuania, June 1998

    • 6. Indonesia, IMF-Singapore Regional 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

    • 11. Indonesia and Fiji, December 2003

    • 12. Botswana and the East Africa Regional Technical Assistance Center, December 2005

    • 13. Cambodia, the IMF-Singapore Regional Training Institute, and the Philippines, March 2007

    Joint Field Visits in FY2007

    During FY2007, three projects were selected by the Japanese government to be visited: a tax administration strengthening project in the Philippines, support for macroeconomic training at the IMF-Singapore Regional Training Institute, and a project to assist with statistics reform in Cambodia. In all three cases, the joint mission found that the JSA-financed assistance had made satisfactory progress and notable achievements, was well coordinated with assistance provided by other bilateral and international donors, and was greatly appreciated by the authorities concerned. In Cambodia and the Philippines, the authorities requested continued JSA support to consolidate the capacity-building gains that had been achieved. In all three visits, the Japanese representatives encouraged the use, where feasible, of Japanese experts.

    Philippines, March 4–6, 2007

    The JSA has since 1993 financed 19 TA projects in the Philippines totaling some $2.6 million. These have been mostly directed to the Central Bank of the Philippines (BSP) and to a lesser extent to the Bureau of Customs (BOC) and the Bureau of Internal Revenue (BIR). At the BSP, assistance has covered a broad range of central banking functions, including (1) strengthening banking legislation to make it consistent with internationally recognized standards; (2) strengthening banking supervision through implementation of risk-focused examination and a consolidated supervision framework, and the establishment of specialist examiner career streams; (3) strengthening financial sector supervision, including enhancing procedures for market-risk examination, designing supervisory programs for complex groups, and enhanced examination procedures for assessing compliance with AML/CFT requirements; (4) improving external sector and balance of payments statistics; and (5) modernizing information technology. At the BOC, assistance has been focused on improving procedures for clearance and valuation of imports, including implementation of the ASYCUDA computerized system for customs procedures. At the BIR, assistance was provided in the mid-1990s for strengthening the large-taxpayer unit and monitoring compliance and strengthening tax legislation.

    The government’s current fiscal goal of achieving a balanced budget by 2010 is highly dependent on increased tax revenues, which is in turn contingent on having an effective tax regime and administration. To achieve this, it was recognized that the serious and long-standing organizational and systemic deficiencies in BIR—including in such basic operations as taxpayer registration, returns filing, assessment, and taxpayer audit—need to be urgently addressed and rectified. In early 2006, the IMF, together with the World Bank, assisted the government in putting together a tax administration reform strategy with a total of 26 components, each to be implemented by its own BIR task force. In addition to the IMF and the World Bank, three bilateral donors (Australia, Sweden, and the United States) are also providing assistance to implement various components of the reform plan. The IMF, with JSA financing, has since June 2006 provided a peripatetic advisor to help the BIR reform management unit oversee and push forward implementation of the reform.

    The joint review mission met with the commissioner for internal revenue, other senior officials, the JSA-financed advisor, and representatives of the above-mentioned bilateral donors, and were briefed on the reform program’s implementation. Despite noting the satisfactory progress being made, the review mission raised concerns about the local capacity to absorb the TA being provided, the need to avoid overlapping and duplication among the various forms of donor assistance, and the inadequate staff resources to implement all 26 program components. The authorities assured the mission that measures were being taken to address all these concerns, including strategic allocation of resources, monthly BIR-donor meetings at the operational level, and personnel action to resolve staffing deficits by the end of 2007. The authorities expressed appreciation for the valuable contributions of the JSA-financed advisor and their hope that this assistance would continue for the duration of the reform program.

    The IMF-Singapore Regional Training Institute, March 7–8, 2007

    The IMF-Singapore Regional Training Institute (STI), established in Singapore in May 1998 as a joint venture of the IMF and Singapore, provides training on macroeconomic and financial management, and related legal and statistical issues, to government officials from countries in the Asia and Pacific region to enhance the economic and policy-making capacities of these countries. 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 anti–money laundering and combating the financing of terrorism, capital account convertibility, consolidated supervision of banks, crisis prevention in emerging markets, financial markets and new financial instruments, financial soundness indicators, inflation targeting, and tax incentives.

    From its establishment in 1998 through 2006, STI has trained more than 5,500 officials. Participants are drawn mainly from central banks, ministries of finance, and national statistical agencies. Since its first year, when STI offered 15 courses to about 450 participants from 28 countries, its course offerings have expanded considerably. For 2007, 25 training events for over 800 officials from 41 countries are planned. Japan’s support for STI has been mainly through the JSA, which, to date, has provided some $3.4 million in financing for experts and participant costs. The JSA currently finances the two senior macroeconomists/instructors on the STI staff.

    In April 2006, a meeting of training directors from central banks and finance ministries in the Asia and Pacific region was held to review STI’s activities and discuss training needs and strategies. The meeting confirmed the findings of an independent evaluation carried out in early 2006 that STI’s curriculum and training are highly regarded by participants and their sponsoring agencies and continue to be relevant to their needs, and that there is expected to be a growing demand for both basic courses and specialized training.

    The main concerns of the Japanese members of the joint review team—that course participants remain in their official positions long enough to fully utilize their newly acquired skills and that training keep up with new developments and policy issues—were raised with the STI director and the two JSA-financed economists. It was confirmed that these issues were fully taken into account and addressed by (1) the careful vetting and selection of participants to ensure that the sponsoring government agencies would benefit from the training provided and (2) the structuring of courses into basic components and components tailored to address more complex questions and new issues.

    Cambodia, March 9, 2007

    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 Customs and Excise Department in strengthening customs administration;at the Ministries of Justice and Commerce in the preparation of bankruptcy law; and at the Ministry of Planning (MOP) and the National Statistics Institute (NIS) in national accounts, price, and government finance statistics. To date, almost $6.4 million in JSA financing has been provided for IMF TA in Cambodia, which has contributed significantly to the overall IMF TA for that country.

    During FY2007, the JSA financed (1) a long-term central bank advisor at the NBC to assist in strengthening banking supervision, (2) a long-term multisector statistics advisor at the NIS to help the concerned agencies (NIS, MOP, MEF, and NBC) implement the government’s statistics reform program, and (3) short-term experts at the National Treasury to assist with utilization of the new chart of accounts, at the Customs and Excise Department to complete installation of the ASYCUDA computerized customs clearance system, and at the NBC to strengthen internal audit.

    The joint mission, which confined its review to JSA’s assistance to the statistics reform program, met with senior officials of the concerned agencies, including the senior minister for economy and finance, the governor of the national bank, the senior minister for planning, and the NIS director general. The authorities expressed great satisfaction with, and appreciation for, the work of the JSA-financed statistics advisor, particularly for his assistance with the enactment of the new statistics laws and sub-decrees; efforts to improve interagency coordination; improvements in balance of payments, consumer price index, and national accounts statistics; as well as improvement in the collection of customs data.

    The joint mission noted the significant progress made under the statistics reform program and particularly welcomed (1) the concrete steps taken by the authorities to institutionalize capacity-building measures that would eventually enable the government to continue implementing the reform without external support, and (2) the provision of adequate staff needed to carry out reform activities, which was made possible by government salary supplements for civil servants working on key economic reforms. However, it was also noted that as the government moved into key implementation phases of statistics reform, continued donor assistance would still be needed.

    Because of scheduling difficulties, joint field visits were not carried out in FY2005.

    Annex 3:
    ADMINISTERED ACCOUNTS—JAPAN FINANCIAL STATEMENT FY2007
    Framework Administered
    Account for Technical
    AdministratedAssistance Activities—
    Account forSubaccount for
    Selected FundJapan Advanced
    Activities—JapanScholarship Program
    2007200620072006
    (Thousands of U.S. dollars)
    Balance Sheet as of April 30, 2007 and 2006
    Assets
    Cash and cash equivalents22,63824,2661,2451,570
    Total assets22,63824,2661,2451,570
    Resources
    Total resources22,63824,2661,2451,570
    Income Statements and Changes in Resources
    for the Years Ended April 30, 2007 and 2006
    Balance, beginning of the year24,26621,6911,5701,395
    Income earned on investments9966246144
    Contributions received19,31322,1331,4821,557
    Payments to and on behalf of beneficiaries(21,937)(20,182)1,868(1,426)
    Net changes in resources(1,628)2,575(325)175
    Balance, end of the year22,63824,2661,2451,570
    Note: The IMF arranges for an annual audit of the JSA to be undertaken by its external auditors, in connection with their annual audit of the IMF’s own accounts, and for a separate certificate of completion to be provided to the Japanese authorities.

    Other bilateral donors include Australia, Austria, Brazil, Canada, China, Denmark, Finland, France, Germany, India, Ireland, Italy, Korea, Luxembourg, the Netherlands, New Zealand, Norway, Portugal, Russia, Singapore, Spain, Sweden, Switzerland, the United Kingdom, and the United States. Multilateral donors include the African Development Bank, the Arab Monetary Fund, the Asian Development Bank, the Caribbean Development Bank, the European Commission, the European Investment Bank, the Inter-American Development Bank, the Islamic Development Bank, the United Nations, the United Nations Development Programme, 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.

    The reference to fiscal year (FY) in this report is to the IMF’s fiscal year, which runs from May 1 through April 30. This report thus covers the period May 1, 2006–April 30, 2007. Reports on FY2000–FY2006 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

    In this report, “person years” refers to the time spent by IMF staff and experts on TA activities. As of FY2006, all TA-related work—including administrative support that hitherto had not been included, particularly in the IMF Institute and the special services and support departments—is reflected in the total IMF TA delivery figure.

    Formerly the Monetary and Financial Systems Department (MFD) until its merger with the International Capital Markets Department (ICM) in August 2006.

    The IMF currently cosponsors seven regional training institutes/programs with other donors and host governments: the Joint Vienna Institute in Austria; the IMFSingapore Regional Training Institute in Singapore; the IMF-Arab Monetary Fund Regional Training Program in Abu Dhabi, United Arab Emirates; the Joint Africa Institute, in Tunis, Tunisia; the Joint China-IMF Training Program in Dalian, China; the Joint Regional Training Center for Latin America in Brasilia, Brazil; and the Joint India-IMF Training Program in Pune, India.

    The six IMF regional technical assistance centers comprise three Africa Regional Technical Assistance Centers (Central AFRITAC, based in Libreville, Gabon; East AFRITAC, based in Dar es Salaam, Tanzania; and West AFRITAC, based in Bamako, Mali); the Caribbean Regional Technical Assistance Center (CARTAC), based in Bridgetown, Barbados; the Middle East Technical Assistance Center (METAC), based in Beirut, Lebanon; and the Pacific Financial Technical Assistance Center (PFTAC), based in Suva, Fiji.

    The IMF arranges for an annual audit of the JSA to be undertaken by its external auditors in connection with the annual audit of the IMF’s own accounts, and for a separate certificate of completion to be provided to the Japanese authorities. See Annex 3 for the audited financial statements of the JSA and the Japan Advanced Scholarship Program for FY2007.

    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 TA project is normally 6 to 12 months.

    These figures reflect the priority given to the countries of these regions under JSA financing guidelines, which for FY2007 set a target of 60 percent of allocations for countries in these regions combined.

    Multiregional projects are those with beneficiaries from more than one region. Annex 1 includes descriptions of such projects.

    In FY2003, as part of a larger effort to strengthen monitoring and evaluation of IMF technical assistance, a formal multiyear program of TA evaluations was introduced with three to four evaluations to be undertaken annually covering a mix of topics. Evaluations completed in FY2006 under this program covered TA to strengthen the commercial court and implement the bankruptcy law in Indonesia, and financial sector TA to Bosnia and Herzegovina, the Democratic Republic of the Congo, Kosovo, and Sierra Leone. Evaluations under way in FY2007 cover experience with implementation of the “upstream approach” for delivery of TA in revenue administration, and TA for tax policy in countries undergoing trade and tariff reform.

    The scholarship program targets candidates from Cambodia, China, Indonesia, Kazakhstan, the Kyrgyz Republic, Lao P.D.R., Mongolia, Myanmar, the Philippines, Tajikistan, Thailand, Turkmenistan, Uzbekistan, and Vietnam, as well as 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, an academic year refers to the period October 1–September 30. Thus, academic year 2006 refers to the period October 1,2006–September 30, 2007.

    Graduate Institute for Policy Studies, 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 2004 refers to the period August 1, 2004–July 31, 2005.

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