This Guidance note replaces the 2005 guidance note. It reflects revisions to the PPM policy that the Executive Board adopted as part of the reforms to the Fund’s GRA and LIC facilities in 2009.
There would be large overlap between Article IV issues and PPM discussions with the additional requirement for PPM discussions that there be an explicit focus on the relationship between a member’s medium-term prospects and its capacity to repay. Nevertheless, when a PPM discussion coincides with an Article IV consultation, it is important for the staff report to be clear on the dual purpose of the discussion, including through inclusion of “Post-Program Monitoring Discussion” in the title of the report.
When a PPM discussion coincides with an Article IV consultation, a single PIN would cover both discussions.