Incidence of Longer-Term Program Engagement, 2003–12
Engagement (LTPE) Members1
|December 31, 2003||52||44||52||41||79|
|March 31, 2006||54||45||39||32||72|
|June 30, 2006||32||29||35||22||63|
|September 30, 2007||26||24||28||16||57|
|March 31, 2008||25||23||27||15||56|
|May 31, 2009||20||19||39||14||36|
|June 15, 2010||21||18||51||15||29|
|June 22, 2011||15||15||47||11||23|
|June 27, 20124||15||15||40||12||33|
In 2003, LTPE was defined as: (i) a country having spent 7 or more of the past 10 years in arrangements, including precautionary arrangements, financed through the GRA or a blend of GRA and concessional resources; or (ii) a country having had two or more multi-year arrangements supported by concessional resources. In May 2006, the Board approved two changes in the definition: (i) all IMF members are now considered as having LTPE if they have spent at least 7 out of the last 10 years under programs supported by IMF resources (whether concessional or nonconcessional); and (ii) time spent under precautionary arrangements that remain undrawn does not count toward LTPE. As a result, 22 countries were removed from the LTPE list at that time, including 17 PRGF-eligible multi-year borrowers and 5 non-PRGF-eligible countries with precautionary arrangements. As per the 2010 revised guidance on “Ex Post Assessments of Members with a Longer-Term Program Engagement,” the Policy Support Instrument also does not count towards LTPE (IMF, 2010a).
Some countries eligible for arrangements under the Poverty Reduction and Growth Fund/Trust (PRGF/T) may have drawn only on GRA resources. Some countries may have had blend arrangements (e.g., precautionary/nonprecautionary and/or PRGF/T-eligible/non-PRGF/T-eligible).
Not all countries classified as LTPE members as of a given date had current arrangements as of that date.
The 15 LTPE members as of June 2012 were Armenia, Benin, Burkina Faso, Burundi, The Gambia, Georgia, Grenada, Kyrgyz Republic, Malawi, Mali, Mauritania, Nicaragua, Niger, Rwanda, and Sierra Leone.