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International Monetary Fund. External Relations Dept.

Every year, the IMF spends about $80 million on technical assistance (TA) activities, with close to 70 percent of this money directed to low-income countries. How effective has this investment been? The IMF’s Independent Evaluation Office (IEO) recently released its review of the IMF’s TA program, which is aimed at helping countries strengthen their policies. Marcelo Selowsky, Assistant Director of the IEO and head of the team that prepared the report, spoke with Christine Ebrahim-zadeh of the IMF Survey about the IEO’s findings and recommendations.

International Monetary Fund. Western Hemisphere Dept.

restructured the internal audit and risk management functions to align them with leading international practices. In accordance with the Safeguards Policy which requires regional central banks to be assessed every four years, the ECCB will be subject to an update assessment in 2020. Cartac: Capacity Building in the ECCU (As of November 30, 2019) Highlights of CARTAC’s technical assitance (TA) and training to the ECCU countries in the various core areas are provided below . 1. In the area of tax administration, VAT implementation in ECCU countries is largely

Mr. Ralph Chami, Elorm Darkey, and Mr. Oral Williams
We use a unique data set for 115 countries, from 2000–18, and 5-year non-overlapping averages to explore the impact of technical assitance on revenue mobilization. To the authors’ knowledge this is the first such effort to determine a direct relationship between technical assistance and the improvement in tax revenues. The paper finds that technical assistance significantly and positively increases tax revenues. Both income per capita and openness were found to positively improve the tax ratio in line with findings in the literature. Dynamic estimations also uncovered a long-run relationship among technical assistance, income per capita, openness, and tax revenues. This result further underscores that it takes time to build capacity and institutional resilience.
Mr. Ralph Chami, Elorm Darkey, and Oral H. Williams

We use a unique data set for 115 countries, from 2000–18, and 5-year non-overlapping averages to explore the impact of technical assitance on revenue mobilization. To the authors’ knowledge this is the first such effort to determine a direct relationship between technical assistance and the improvement in tax revenues. The paper finds that technical assistance significantly and positively increases tax revenues. Both income per capita and openness were found to positively improve the tax ratio in line with findings in the literature. Dynamic estimations also uncovered a long-run relationship among technical assistance, income per capita, openness, and tax revenues. This result further underscores that it takes time to build capacity and institutional resilience.

Ms. Ghada Fayad, Chengyu Huang, Yoko Shibuya, and Peng Zhao

Average Sentiments 15. Technical Assitance Effects on Average Sentiments TABLES 1. Example of Topic Assignment 2. Precision, Recall, and F-score for Topic Assignment 3. Precision, Recall and F-score for Sentiment Estimation 4. Regression Results for Country Characteristics 5. Regression Results for Sectoral Risks 6. Regression Results for Fiscal and Monetary Technical Assitance 7. Regression Results for Sectoral Crisis Risks APPENDICES I. Examples of Annotation II. BERT Model in Detail REFERENCES References

International Monetary Fund. Fiscal Affairs Dept.

Front Matter Page IMF Country Report No. 19/330 SLOVAK REPUBLIC TECHNICAL ASSITANCE REPORT—PUBLIC INVESTMENT MANAGEMENT ASSESSMENT October 2019 This Technical Assistance Paper on the Slovak Republic was prepared by a staff team of the International Monetary Fund. It is based on the information available at the time it was completed in February 2019. Copies of this report are available to the public from International Monetary Fund • Publication Services PO Box 92780 • Washington, D.C. 20090 Telephone: (202) 623–7430 • Fax: (202

International Monetary Fund. Western Hemisphere Dept.

Program under JMAP Provisional Timing of Missions Expected Approval/Delivery Date A. Investment Project Financing 1. Recife Municipal PforR 06/30/2017 2. Salvador PForR TBD B. Program for Results 1. Fortaleza Municipal IPF 02/15/2017 C. Advisory Services and Analytics Technical Assitance (TA) 1. Energy effic. recommendations for CESAN 08/22/16 2. Infrastructure Regulatory Frameworks 09/30/16 3. BR Online retail and urban logististics

International Monetary Fund

1995 Q1 Q2 Q3 Q4 Year Q1 Q2 Q3 Q4 Year Actual Committed 56.9 45.1 43.2 92.2 237.3 56.0 45.5 44.4 43.6 189.5 Grants in kind 47.5 35.6 22.1 83.7 189.0 49.8 38.3 29.7 28.9 146.6 Food 36.0 24.2 10.6 72.3 143.1 29.1 19.8 19.9 22.1 90.8 Others 11.5 11.5 11.5 11.5 45.9 20.7 18.5 9.8 6.8 55.8 Technical assitance 9.4 9.4 17.6 8.4 44.9 6.2 7

International Monetary Fund. Asia and Pacific Dept

.4 151.3 158.6 201.0 Technical Assitance ($ million) Total Approved 114.4 5.8 7.2 4.6 5.7 10.5 13.6 6.5 11.9 4.1 3.9 5.5 Gross Disbursement 75.0 2.0 4.6 4.6 6.8 14.0 8.8 6.8 5.4 3.9 5.3 7.3 Statistical Issues As of February 14, 2017 I. Assessment of Data Adequacy for Surveillance General: Economic and financial data are broadly adequate for surveillance, with scope for improvement especially in updating the base year of the national

Ms. Ghada Fayad, Chengyu Huang, Yoko Shibuya, and Peng Zhao
This paper applies state-of-the-art deep learning techniques to develop the first sentiment index measuring member countries’ reception of IMF policy advice at the time of Article IV Consultations. This paper finds that while authorities of member countries largely agree with Fund advice, there is variation across country size, external openness, policy sectors and their assessed riskiness, political systems, and commodity export intensity. The paper also looks at how sentiment changes during and after a financial arrangement or program with the Fund, as well as when a country receives IMF technical assistance. The results shed light on key aspects on Fund surveillance while redefining how the IMF can view its relevance, value added, and traction with its member countries.