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International Monetary Fund. Asia and Pacific Dept

’s TA strategy is guided by the APD regional strategy and is planned within the results framework for current PFTAC funding cycle . 3 This strategy was discussed with the authorities in June 2011 . PFTAC TA aims to support the authorities sustain progress on fiscal consolidation and to improve the macroeconomic environment . PFTAC will continue to work closely with the broader development partner group to ensure coherence and will aim to support implementation of actions in the development partners’ budget support reform matrix. Inputs are expected in all sectors

International Monetary Fund. Asia and Pacific Dept

-15, the authorities compiled data with the support of Pacific Financial Technical Assistance Centre technical assistance (PFTAC TA). Most macroeconomic data remain unpublished even though they are provided to staff. Despite additional recruitment, the capacity of the National Bureau of Statistics (NBS) is limited, and Nauru has continued to rely on technical assistance and donor support in compiling data. National accounts : Annual GDP estimates have improved with the support of PFTAC TA during 2014–15 as part of the IMF membership preparation. The latest TA

International Monetary Fund. Asia and Pacific Dept

while the authorities work with partners to develop a joint policy matrix to underpin future budget support. Tuvalu became an IMF and World Bank member in 2009. PFTAC TA has been moderate and concentrated in the revenue and statistics sectors . Recent PFTAC TA has been focused on assisting the authorities achieve the gains planned from revenue reforms through on-the-job assistance in revenue administration following the completion of an ADB project that supported the PFTAC-designed reforms. There has also been significant assistance in developing national accounts

International Monetary Fund

other things, strengthening of public financial management in particular with regard to the management of natural resource revenues. Solomon Islands has been a moderate user of PFTAC TA . Despite the large international presence, mainly through RAMSI which caters for much of the technical assistance needs in the government, PFTAC has made specific technical contributions in particular with regard to the fiscal regime for natural resources. In the PFM area, PFTAC has also contributed to a World Bank-led PER and provided follow up support to a revision of accounting

International Monetary Fund. Asia and Pacific Dept

. PFTAC has supported FRCA in a comprehensive modernization process including the development of enhanced corporate planning, simplified income tax legislation and streamlined personal income taxation policies and procedures. There has also been significant progress made in the Statistics area with improved national accounts balance of payments and price statistics. In macroeconomics the focus has been on building modeling skills, including for potential natural resource revenues. PFTAC TA aims to sustain the authorities’ progress on fiscal consolidation and enhance

International Monetary Fund. Asia and Pacific Dept

accounts balance of payments and price statistics. In the PFM area, support has been focused on building internal audit and accounting capacity while in macroeconomics the focus has been on building modeling skills, including for potential natural resource revenues. PFTAC TA aims to sustain the authorities’ progress on fiscal consolidation and enhance the framework for macroeconomic policy making . In the fiscal area, revenue will continue to be the main focus as the authorities are keen to improve revenue performance. Strategy 2013-2015 PFTAC’s TA strategy is

International Monetary Fund

national income and balance of payments statistics were also developed. Strategy 2011-13 PFTAC’s TA strategy is guided by the APD regional strategy note and is planned within the results framework for current PFTAC (Phase IV) FY2011-16 funding cycle . 2 PFTAC TA aims to support the authorities sustain progress on fiscal consolidation and strengthen the financial sector. Priorities will be strengthening revenue administration and, in close coordination with AsDB, strengthening PFM. Continued strengthening of financial sector supervision will also be required. In

International Monetary Fund. Asia and Pacific Dept

international and fiscal reserves increased, on the back of increased logging and mining, but also due to better fiscal management and increased international assistance. The medium-term reform agenda under the Core Economic Working Group emphasizes, amongst other things, strengthening of public financial. Solomon Islands has been a moderate user of PFTAC TA . Despite the large international presence, mainly through RAMSI which caters for much of the technical assistance needs in the government, PFTAC has made specific technical contributions in particular with regard to

International Monetary Fund. Asia and Pacific Dept

has been in the revenue area where PFTAC has supported the design of revenue policy and administration reforms, including the drafting of legislation that awaits approval. There has also been input in PFM, most recently through support for a PEFA assessment, and financial sector supervision. Strategy 2012–14 PFTAC’s TA strategy is guided by the APD regional strategy note and is planned within the results framework for current PFTAC funding cycle . PFTAC TA aims to support the authorities continue to move towards long-term fiscal sustainability . Activities

International Monetary Fund. Asia and Pacific Dept

delivery is expected to increase around 40 percent in FY19 with 17 missions planned over 222 field days, again with a fiscal emphasis (8 PFM mission and 3 revenue), 3 macroeconomic programming missions and one each in real sector statistics, GFS, and financial sector supervision. PFTAC TA aims to support the authorities to sustain progress on fiscal consolidation and to improve the macroeconomic environment . PFTAC will continue to focus on building macroeconomic analysis capacity and delivering specific technical inputs. In the Public Financial Management area