Books and Analytical Papers > High-Level Summary Technical Assistance Reports

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David S Bailey
In 2022, Serbia introduced a new budget system law with fiscal rules based on general government, as defined in the international statistical standards. The Serbian Ministry of Finance is committed to upgrading their fiscal reporting so as to report against these fiscal rules by 2025. Against this background, the International Monetary Fund’s Statistics Department has provided technical assistance during 2022 and 2023 to assist the MOF to extend and improve their monthly government finance statistics, in accordance with the Government Finance Statistics Manual 2014, to cover all materially significant general government units.
Nino Tchelishvili, Amra Srdanovic, and Sean R O'Grady
Public financial management reforms in the Government of South Sudan are proceeding within a challenging environment as the post-civil war recovery remains fragile. As a result, the Ministry of Finance and Planning faces significant challenges in preparing realistic budgets and enforcing disciplined budget execution. To strengthen budget execution, the key areas requiring reform include strengthening processes for the management of expenditure and controlling commitments; improving fiscal reporting to ensure it is timely, accurate, and comprehensive; and improved cash management, particularly through implementing a Treasury Single Account. The Government has requested the assistance of a Fiscal Affairs Department Resident Public Financial Management Advisor who has been appointed and will support several reforms to budget execution, cash management, and fiscal reporting.
Alexander D Klemm, Miguel Pecho, Sandro de Vargas Serpa, and David Wentworth
A capacity development mission of the Fiscal Affairs Department (FAD) of the IMF visited Luanda, during the period November 6-17, 2023, to provide advice on tax policy and administration reforms to modernize and improve the income tax system. The mission recommended moving from a highly fragmented toward a more unified approach to taxation of income, with all labor income aggregated over the year and taxed under a common progressive tax schedule. The mission pointed to opportunities for improving income taxes compliance approaches, including through the development of capacities to manage tax incentives and international tax risks.
Werner Schule and Barrett W Owen
The Finance Division (FD) of the MoF has sought Macroeconomic Framework Technical Assistance from ICD and SARTTAC to support them in improving their Medium-term Macroeconomic Framework. A scoping mission was held in Dhaka in January 2023 to diagnose the FD’s current forecasting and policy analysis systems and to agree on a multi-year action plan. The project action plan is centered around the customization of the Macroframework Foundations Tool (MFT), which will support the FD in overcoming significant limitations in their current approach. This note summarizes the main findings and action plan agreed on for the project.
Nick Carroll, Carolina Bloch, Eduardo González-Pier, and Stefan Kiss
This report reviews Jordan’s public health expenditure and develops options to enhance spending efficiency that support the government’s health and fiscal consolidation efforts. The particular focus of the mission was to provide support on: (1) overall health spending analysis, (2) support country efforts to develop and implement an affordable path to expand health coverage, (3) identify areas where the Ministry of Finance can build capacity and support reform efforts.
Joshua Aslett, Frank Van Driessche, Mr. Robert Kokoli, John Middleton, and Mohammad Al-Said
This summary provides an overview of guidance provided to Lebanon’s Ministry of Finance, its VAT and Revenue Directorates, and the Lebanese Customs Administration. Building on prior IMF advice, it conveys an urgent need for intervention to address loss of staff and a risk of failure with key IT operations in the respective agencies. Separately, the accompanying technical assistance report provides confirmation of broader reform and capacity development priorities for the next 36 months.
Mr. Fazeer Sheik Rahim, Sylke von Thadden-Kostopoulos, and Clemens Mungenast
Mauritania is working to improve its public investment management framework to boost the efficiency of public investment and to make it more adaptable to climate change. support future economic growth and improvements in wellbeing. This assessment applies the IMF Climate Public Investment Management Assessment (CPIMA) framework and updates an earlier Public Investment Management Assessment (PIMA) undertaken in 2020. It finds that there have been improvements in Mauritania’s public investment management institutions since 2020, while room remains for further improvement. Like most other countries, Mauritania is at an early stage of incorporating climate aspects into public investment management. Nevertheless, some good progress has been made, notably on the planning side. This assessment provides a progressive timetable for reforms, based on international good practice, striking a balance between the stated objectives of the authorities and the existing capacities within the public administration.
Arturo Navarro, Ms. Katja Funke, Ms. Marina Marinkov, Murray Petrie, and Mr. Eivind Tandberg
Moldova has committed to an ambitious climate change mitigation and adaption agenda, which is underpinned by significant public investments, particularly in the energy sector which accounts for more than 2/3 of the country’s GHGs. The country is in the process of updating its public investment management framework, offering a window to enhance climate sensitivity of the framework, and of adopting regulation to align to EU standards. The Climate Module of the Public Investment Management Assessment (C-PIMA) proposes reforms across multiple areas, underscoring as priority areas project appraisal and selection and budgeting and portfolio management.
Arif Ismail, Mr. Elad Meshulam, Sally Toms, and Hervé Tourpe
An IMF mission visited Peru in June 2023. This mission was the third engagement with the Central Bank of Peru (BCRP) aimed at enhancing staff capacity for engaging directly with key stakeholders on strategic and policy matters regarding Central Bank Digital Currency (CBDC). Building from ongoing virtual support, the mission initially assisted the BCRP to deliver a CBDC white paper, and a survey to gauge the reactions to a proposed CBDC. Also, the mission delivered an operating manual for guidance when considering innovation challenges as potential modalities for CBDC concept development. Off the back of the publication of the white paper, and on request of the BCRP, a physical mission worked with the BCRP to host an inaugural industry-wide stakeholder engagement on CBDC between June 19 and June 23, 2023. This strategic engagement marked a significant milestone for the BCRP, facilitating a candid assessment of stakeholder support for CBDC. Nine recommendations along three strategic themes surfaced from the robust and dynamic interactions.
Petr Jakubik
The technical assistance aimed to enhance the financial stability report (FSR) of the Central Bank of Suriname. The mission concluded that the preparation of detailed FSR production plan and communication strategy are critical and could facilitate improvements, promote the report, and bring some synergies between different teams involved. The report should reflect on all important elements of financial stability assessment and needs to be streamlined to follow the central story with the key messages. The quality of the report could be further improved by advancements in the employed analytical toolkit and utilization of all available data sources.