Front Matter Page
Strengthening IMF-World Bank Collaboration on Country Programs and Conditionality—Progress Report
Prepared by PDR (IMF) and OPCS and PREM (World Bank)
In consultation with other Departments
Approved by James Adams (OPCS), Timothy Geithner (PDR), and Gobind Nankani (PREM)
August 19, 2002
Contents
I. Introduction
II. Key Elements of the Collaboration Process
A. Overview
B. Approach to Collaboration
C. Staff Guidelines
III. Assessment of Current Bank-Fund Staff Collaboration
A. Coherence of Policy Advice and Clarity of Roles
B. Coverage and Consistency of Conditionality
C. Factors Supporting or Impeding Effective Collaboration
D. Prospects for Improved Collaboration
IV. Communication of Staff Views to the Boards
V. Conclusions and Issues for Discussion
Box 1. Areas of Intensified Bank-Fund Collaboration
Figures
1. Shared Perspective on Country Reforms
2. Clarity of Roles and Responsibilities
3. Involvement in Other Institution’s Program Design and Conditionality
4. Perceptions about Program Supported by the Other Institution
5. Factors Contributing to or Impeding Effective Collaboration
Annex I. Operationalizing Bank-Fund Collaboration in Country Programs and Conditionality, Staff Guidance Note, April 2002
Annex II. Survey Questionnaire on Bank-Fund Collaboration
Acronyms
| AML |
Anti-Money Laundering |
| CAS |
Country Assistance Strategy |
| CFT |
Combating the Financing of Terrorism |
| DC |
Development Committee |
| FATF |
Financial Action Task Force |
| FSAP |
Financial Sector Assessment Program |
| HIPC |
Heavily Indebted Poor Countries |
| IMF |
International Monetary Fund |
| IMFC |
International Monetary and Financial Committee |
| JIC |
Joint Implementation Committee |
| JSA |
Joint Staff Assessment |
| OPCS |
Operational Policy and Country Services (World Bank) |
| PDR |
Policy Development and Review Department (IMF) |
| PREM |
Poverty Reduction and Economic Management (World Bank) |
| PRGF |
Poverty Reduction and Growth Facility |
| PRSP |
Poverty Reduction Strategy Paper |
| PRSC |
Poverty Reduction Support Credit |
| ROSC |
Report on the Observance of Standards and Codes |