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  • genre: journal x
  • issn: 2663-3493 x
Cover Policy Papers
Implementation Plan in Response to the Board-Endorsed Recommendations for the IEO Evaluation of IMF Forecasts - Process, Quality, and Country Perspective
International Monetary Fund
This paper sets out Management’s response to the Independent Evaluation Office’s (IEO) evaluation of IMF Forecasts: Process, Quality, and Country Perspectives. The implementation plan proposes specific actions to address the five recommendations that received broad support from the Executive Board, namely (i) maintaining the practice of commissioning external evaluations of IMF forecasts, (ii) enhancing the processes and incentives for learning from past forecast performance, (iii) extending guidance to desk economists on forecasting methodologies, (iv) publishing a description of the WEO forecasting process, and (iv) improving the public availability of data related to forecasts and outturns. Several of the proposed actions to address the Board-endorsed IEO recommendations have already been implemented following the Board discussion, while the implementation of some other actions is underway. This paper also explains how implementation will be monitored.
Keywords:
PP; country; desk economist; country desk; IEO evaluation
Cover Policy Papers
The Recent Financial Turmoil - Initial Assessment, Policy Lessons, and Implications for Fund Surveillance
International Monetary Fund
In response to the IMFC’s October 2007 communiqué, IMF staff has sought to assess the causes of the present turbulence and draw tentative lessons in order to inform its future bilateral and multilateral surveillance work. This effort has involved close collaboration with the Financial Stability Forum (FSF) and its working groups, as well as consultation with the private sector, national authorities, standard setters, and other bodies.
Keywords:
PP; liquidity framework; liquidity risk; liquidity support; structured product; consumer credit; market confidence; market participant; credit product pricing; Liquidity; Credit ratings; Basel II; Stress testing; Global
Cover Policy Papers
Adapting Precautionary Arrangements to Crisis Prevention
International Monetary Fund
NULL
Keywords:
PP; The Fund; balance of payments; Fund resource; Contingent Credit line; Fund arrangement; capital account crisis; crisis prevention; precautionary arrangement; capital account vulnerability; Capital account; Balance of payments need; Capital account crisis; Crisis prevention; Credit; Global
Cover Policy Papers
Uganda - Staff Assessment of Qualification for the Multilateral Debt Relief Initiative
International Monetary Fund
Uganda reached the completion point under the enhanced HIPC Initiative on May 1, 2000. Staff is of the view that all criteria are met, and recommends that the Board determine that Uganda qualifies for immediate debt relief under the MDRI.
Keywords:
PP; PAF expenditure; Uganda's Poverty Eradication Action Plan; HIPC assessment; HIPC assistance; poverty reduction policy; PRGF arrangement; Debt relief; Public and publicly-guaranteed external debt
Cover Policy Papers
2014 Triennial Surveillance Review - External Commentary - Communications
International Monetary Fund
NULL
Keywords:
PP; IMF analysis; IMF's recommendation; fund; Media organization; insider
Cover Policy Papers
Proposed Amendment on the Reform of the IMF Executive Board and Fourteenth General Review of Quotas - Status of Acceptances and Consents
International Monetary Fund
This status report reviews progress toward implementation of the 2010 Quota and Governance Reforms. It updates the status of consents to the proposed quota increases under the 14th General Review of Quotas and of acceptances of the Proposed Seventh Amendment on the Reform of the Executive Board (“Board Reform Amendment” or “Seventh Amendment”) as set out in the Board of Governors Resolution No. 66-2.
Keywords:
PP; quota increase; report reviews progress; governance reform; reform of the Executive Board; status; report review; status of consent; total of quota; status of acceptance; quota threshold; Communications in revenue administration; Africa
Cover Policy Papers
Revised Staff Statement on Principles Underlying the Guidelines on Conditionality and Operational Guidance Note on the 2002 Conditionality Guidelines
International Monetary Fund
Adoption of new guidelines for conditionality has been motivated by an increasing recognition of the importance of several interrelated principles for successful design and implementation of Fund-supported programs. Chief among these are national ownership of reform programs, parsimony in the application of program-related conditions, tailoring of programs to the member’s circumstances, effective coordination with other multilateral institutions, and clarity in the specification of conditions. The operational issues covered in the note are grouped into three areas: (i) the process of negotiation and program design; (ii) the design of conditionality; and (iii) the presentation of conditionality in Board papers for the use of Fund resources. In some cases, implementing the guidelines involves the development of new practices. In other cases, new practices had already been adopted in selected cases, which should become routine.
Keywords:
PP; fund; policy; financing; economic policy; fund policy
Cover Policy Papers
India - Assessment Letter for the World Bank
International Monetary Fund
NULL
Keywords:
PP; GDP; deficit; Sensex stock price index; Inflation; Global; Capital account; Asset prices
Cover Policy Papers
Executive Board Progress Report to the IMFC on the Reform of Fund Governance
International Monetary Fund
At its most recent meeting in April 2010, the IMFC pledged to complete the 14th General Review of Quotas before January 2011. This follows an earlier call by G-20 Leaders and the IMFC to bring forward the deadline for completing the 14th Review by two years as part of the multilateral response to the global financial crisis and the recognized need to enhance the Fund’s legitimacy and effectiveness.
Keywords:
PP; staff diversity; table; diversity
Cover Policy Papers
Borrowing Agreement with the Government of France
International Monetary Fund
In light of the multilateral effort to ensure the adequacy of the financial resources available to the International Monetary Fund , and with a view to supporting the Fund’s ability to provide timely and effective balance of payments assistance to its members, France agrees to lend to the Fund an SDR-denominated amount up to the equivalent of EUR 11.06 billion, on the terms and conditions set out in this report.
Keywords:
PP; fund; amount; agreement; indebtedness to France; fund's indebtedness; SDR-denominated amount; Currencies; Interest payments; Freely usable currencies