Abstract
Longer-term program engagement (LTPE) occurs when a member has spent at least seven of the past 10 years under Fund-supported financial arrangements.2 In response to the Executive Board’s request for periodic updates on the incidence of LTPEs, this is the thirteenth such report and provides information through June 27, 2012.
1. Longer-term program engagement (LTPE) occurs when a member has spent at least seven of the past 10 years under Fund-supported financial arrangements.2 In response to the Executive Board’s request for periodic updates on the incidence of LTPEs, this is the thirteenth such report and provides information through June 27, 2012.3
2. An Ex Post Assessment (EPA) is required for members considered as having LTPE that wish to request successor arrangements, provided at least five years have passed since the last EPA for the member.4 As of June 27, 2012, the Executive Board had discussed EPAs for 53 members. Six more LTPE cases were assessed since the last update to the Executive Board (Burundi, Malawi, Nicaragua, Niger, São Tomé and Príncipe, and Republic of Serbia).
3. Fifteen members, all PRGT eligible (with Armenia and Georgia currently having both PRGT and GRA arrangements), met the LTPE definition as of June 27, 2012. Since the time of the last report, Burundi and Grenada were added to the list of countries with LTPE status. São Tomé and Príncipe and Zambia have ceased to meet the LTPE definition.
4. Should successor arrangements be requested, EPA updates for Armenia and Burkina Faso and an EPA report for Grenada would be required.
Ex Post Assessments Considered by the Executive Board and Member’s LTPE Status
(As of June 27, 2012)
Excluding the Policy Support Instrument. Arrangement and LTPE status at the time of the EPA.
And 6th Review under PRGF.
And ex post evaluation of exceptional access.
EPA Update.
An EPA report, rather than an EPA update, was required since during the period relevant for the update, a program has been interrupted for more than six months.
Ex Post Assessments Considered by the Executive Board and Member’s LTPE Status
(As of June 27, 2012)
| Country | Type of discussion | Date | LTPE | Fund Financial Arrangement 1/ |
|---|---|---|---|---|
| 2003 | ||||
| Mali | Article IV discussion | 15-Dec-03 | Yes | Yes |
| Mozambique | Article IV discussion | 10-Dec-03 | No | Yes |
| 2004 | ||||
| Armenia, Republic of | Article IV discussion | 1-Dec-04 | Yes | Yes |
| Benin | Article IV discussion | 6-Oct-04 | Yes | No |
| Bulgaria | Article IV discussion | 14-Jun-04 | No | No |
| Cambodia | Article IV discussion | 13-Sep-04 | No | No |
| Chad | Article IV discussion | 19-Mar-04 | No | No |
| Ethiopia | Article IV discussion 2/ | 13-Sep-04 | No | Yes |
| Georgia | Ex post assessment | 21-Jan-04 | Yes | Yes |
| Guinea | Ex post assessment | 27-Aug-04 | No | Yes |
| Guinea-Bissau | Article IV discussion | 19-Nov-04 | No | No |
| Honduras | Article IV discussion | 18-Feb-04 | No | No |
| Kazakhstan | Request for PRGF arrangement | No | No | |
| Kyrgyz Republic | Article IV discussion 2/ | 19-Nov-04 | Yes | Yes |
| Lesotho | 6th Review under PRGF arrangement | 10-Sep-04 | No | No |
| Macedonia, FYR | 2nd Review under SBA | 2-Aug-04 | No | Yes |
| Malawi | Article IV discussion | 29-Oct-04 | Yes | Yes |
| Moldova, Republic of | Article IV discussion | 26-Jan-04 | No | Yes |
| Niger | Article IV discussion | 28-Jun-04 | Yes | Yes |
| Peru | Article IV discussion | 23-Feb-04 | No | No |
| Romania | Ex post assessment | 12-Apr-04 | No | Yes |
| Vietnam | Article IV discussion | 22-Nov-04 | No | No |
| Zambia | Ex post assessment | 7-Apr-04 | Yes | Yes |
| 2005 | ||||
| Albania | Article IV discussion | 28-Feb-05 | Yes | No |
| Azerbaijan | 5th Review under PRGF arrangement | 24-Jun-05 | No | No |
| Bolivia | Ex post assessment | 8-Apr-05 | No | No |
| Cameroon | Article IV discussion | 22-Apr-05 | Yes | No |
| Gambia, The | Article IV discussion | 18-Jul-05 | No | No |
| Jordan | Article IV discussion | 21-Nov-05 | No | No |
| Madagascar | Article IV discussion | 1-Jun-05 | Yes | No |
| Mongolia | Article IV discussion | 21-Sep-05 | No | Yes |
| Pakistan | Article IV discussion | 2-Nov-05 | No | Yes |
| Sierra Leone | 6th Review under PRGF arrangement | 1-Jun-05 | Yes | Yes |
| Uganda | 5th Review under PRGF arrangement | 8-Jul-05 | No | No |
| Ukraine | Article IV discussion | 9-Nov-05 | No | Yes |
| Uruguay | Ex post assessment | 18-Mar-05 | No | No |
| 2006 | ||||
| Argentina | Article IV discussion | 12-Jul-06 | No | No |
| Burkina Faso | 6th Review under PRGF arrangement | 28-Aug-06 | Yes | No |
| Guyana | Ex post assessment | 29-Sep-06 | No | No |
| Lao PDR | Article IV discussion | 8-Mar-06 | No | No |
| Rwanda | Ex post assessment | 25-Jan-06 | Yes | No |
| Senegal | Ex post assessment | 1-Mar-06 | No | Yes |
| Tajikistan, Republic of | 6th Review under PRGF arrangement | 6-Feb-06 | No | Yes |
| Tanzania | 5th Review under PRGF arrangement | 7-Apr-06 | Yes | Yes |
| Togo | Article IV discussion | 8-May-06 | No | Yes |
| 2007 | ||||
| Ghana | Ex post assessment | 18-May-07 | Yes | Yes |
| Nicaragua | Ex post assessment | 23-Feb-07 | Yes | Yes |
| 2008 | ||||
| Kenya | Article IV discussion | 10-Sep-08 | No | Yes |
| Turkey | Ex post assessment 3/ | 1-Aug-08 | No | No |
| 2010 | ||||
| Sierra Leone | Article IV discussion & 1st Review under ECF arrangement 4/ | 6-Dec-10 | Yes | Yes |
| 2011 | ||||
| Benin | 1st Review under ECF arrangement 4/ | 16-Feb-11 | Yes | Yes |
| Burundi | 6th Review under ECF arrangement | 13-Jul-11 | Yes | Yes |
| Gambia, The | 7th Review under ECF arrangement 4/ | 7-Jan-11 | Yes | Yes |
| Georgia | Article IV discussion 4/ | 23-Mar-11 | Yes | Yes |
| Kyrgyz Republic | Second ex post assessment 5/ | 23-May-11 | Yes | No |
| Mali | 6th Review under ECF arrangement 5/ | 13-Jun-11 | Yes | Yes |
| Mauritania, Islamic Republic of | 2nd Review under ECF arrangement | 22-Jun-11 | Yes | Yes |
| Niger | Article IV discussion 5/ | 2-Dec-11 | Yes | No |
| Serbia, Republic of | Ex post assessment 3/ | 13-Jul-11 | Yes | No |
| Zambia | 6th Review under ECF arrangement 4/ | 20-Jun-11 | Yes | Yes |
| 2012 | ||||
| Malawi | Second ex post assessment 5/ | 20-Jun-12 | Yes | Yes |
| Nicaragua | Article IV discussion 5/ | 27-Jun-12 | Yes | No |
| São Tomé and Príncipe | Ex post assessment | 20-Jun-12 | No | No |
Excluding the Policy Support Instrument. Arrangement and LTPE status at the time of the EPA.
And 6th Review under PRGF.
And ex post evaluation of exceptional access.
EPA Update.
An EPA report, rather than an EPA update, was required since during the period relevant for the update, a program has been interrupted for more than six months.
Ex Post Assessments Considered by the Executive Board and Member’s LTPE Status
(As of June 27, 2012)
| Country | Type of discussion | Date | LTPE | Fund Financial Arrangement 1/ |
|---|---|---|---|---|
| 2003 | ||||
| Mali | Article IV discussion | 15-Dec-03 | Yes | Yes |
| Mozambique | Article IV discussion | 10-Dec-03 | No | Yes |
| 2004 | ||||
| Armenia, Republic of | Article IV discussion | 1-Dec-04 | Yes | Yes |
| Benin | Article IV discussion | 6-Oct-04 | Yes | No |
| Bulgaria | Article IV discussion | 14-Jun-04 | No | No |
| Cambodia | Article IV discussion | 13-Sep-04 | No | No |
| Chad | Article IV discussion | 19-Mar-04 | No | No |
| Ethiopia | Article IV discussion 2/ | 13-Sep-04 | No | Yes |
| Georgia | Ex post assessment | 21-Jan-04 | Yes | Yes |
| Guinea | Ex post assessment | 27-Aug-04 | No | Yes |
| Guinea-Bissau | Article IV discussion | 19-Nov-04 | No | No |
| Honduras | Article IV discussion | 18-Feb-04 | No | No |
| Kazakhstan | Request for PRGF arrangement | No | No | |
| Kyrgyz Republic | Article IV discussion 2/ | 19-Nov-04 | Yes | Yes |
| Lesotho | 6th Review under PRGF arrangement | 10-Sep-04 | No | No |
| Macedonia, FYR | 2nd Review under SBA | 2-Aug-04 | No | Yes |
| Malawi | Article IV discussion | 29-Oct-04 | Yes | Yes |
| Moldova, Republic of | Article IV discussion | 26-Jan-04 | No | Yes |
| Niger | Article IV discussion | 28-Jun-04 | Yes | Yes |
| Peru | Article IV discussion | 23-Feb-04 | No | No |
| Romania | Ex post assessment | 12-Apr-04 | No | Yes |
| Vietnam | Article IV discussion | 22-Nov-04 | No | No |
| Zambia | Ex post assessment | 7-Apr-04 | Yes | Yes |
| 2005 | ||||
| Albania | Article IV discussion | 28-Feb-05 | Yes | No |
| Azerbaijan | 5th Review under PRGF arrangement | 24-Jun-05 | No | No |
| Bolivia | Ex post assessment | 8-Apr-05 | No | No |
| Cameroon | Article IV discussion | 22-Apr-05 | Yes | No |
| Gambia, The | Article IV discussion | 18-Jul-05 | No | No |
| Jordan | Article IV discussion | 21-Nov-05 | No | No |
| Madagascar | Article IV discussion | 1-Jun-05 | Yes | No |
| Mongolia | Article IV discussion | 21-Sep-05 | No | Yes |
| Pakistan | Article IV discussion | 2-Nov-05 | No | Yes |
| Sierra Leone | 6th Review under PRGF arrangement | 1-Jun-05 | Yes | Yes |
| Uganda | 5th Review under PRGF arrangement | 8-Jul-05 | No | No |
| Ukraine | Article IV discussion | 9-Nov-05 | No | Yes |
| Uruguay | Ex post assessment | 18-Mar-05 | No | No |
| 2006 | ||||
| Argentina | Article IV discussion | 12-Jul-06 | No | No |
| Burkina Faso | 6th Review under PRGF arrangement | 28-Aug-06 | Yes | No |
| Guyana | Ex post assessment | 29-Sep-06 | No | No |
| Lao PDR | Article IV discussion | 8-Mar-06 | No | No |
| Rwanda | Ex post assessment | 25-Jan-06 | Yes | No |
| Senegal | Ex post assessment | 1-Mar-06 | No | Yes |
| Tajikistan, Republic of | 6th Review under PRGF arrangement | 6-Feb-06 | No | Yes |
| Tanzania | 5th Review under PRGF arrangement | 7-Apr-06 | Yes | Yes |
| Togo | Article IV discussion | 8-May-06 | No | Yes |
| 2007 | ||||
| Ghana | Ex post assessment | 18-May-07 | Yes | Yes |
| Nicaragua | Ex post assessment | 23-Feb-07 | Yes | Yes |
| 2008 | ||||
| Kenya | Article IV discussion | 10-Sep-08 | No | Yes |
| Turkey | Ex post assessment 3/ | 1-Aug-08 | No | No |
| 2010 | ||||
| Sierra Leone | Article IV discussion & 1st Review under ECF arrangement 4/ | 6-Dec-10 | Yes | Yes |
| 2011 | ||||
| Benin | 1st Review under ECF arrangement 4/ | 16-Feb-11 | Yes | Yes |
| Burundi | 6th Review under ECF arrangement | 13-Jul-11 | Yes | Yes |
| Gambia, The | 7th Review under ECF arrangement 4/ | 7-Jan-11 | Yes | Yes |
| Georgia | Article IV discussion 4/ | 23-Mar-11 | Yes | Yes |
| Kyrgyz Republic | Second ex post assessment 5/ | 23-May-11 | Yes | No |
| Mali | 6th Review under ECF arrangement 5/ | 13-Jun-11 | Yes | Yes |
| Mauritania, Islamic Republic of | 2nd Review under ECF arrangement | 22-Jun-11 | Yes | Yes |
| Niger | Article IV discussion 5/ | 2-Dec-11 | Yes | No |
| Serbia, Republic of | Ex post assessment 3/ | 13-Jul-11 | Yes | No |
| Zambia | 6th Review under ECF arrangement 4/ | 20-Jun-11 | Yes | Yes |
| 2012 | ||||
| Malawi | Second ex post assessment 5/ | 20-Jun-12 | Yes | Yes |
| Nicaragua | Article IV discussion 5/ | 27-Jun-12 | Yes | No |
| São Tomé and Príncipe | Ex post assessment | 20-Jun-12 | No | No |
Excluding the Policy Support Instrument. Arrangement and LTPE status at the time of the EPA.
And 6th Review under PRGF.
And ex post evaluation of exceptional access.
EPA Update.
An EPA report, rather than an EPA update, was required since during the period relevant for the update, a program has been interrupted for more than six months.
Members with Longer-Term Program Engagement
(As of June 27, 2012)
Members that have had at least seven years of non-precautionary Fund financial arrangements in the last ten years.
Excluding the Policy Support Instrument (PSI).
The member currently has both PRGT and GRA arrangements.
The member currently has a PSI.
Members with Longer-Term Program Engagement
(As of June 27, 2012)
| PRGT-eligible Members 1/ | Non-PRGT-eligible Members 1/ | ||
|---|---|---|---|
| Current Arrangement 2/ | No Current Arrangement | Current Arrangement | No Current Arrangement |
| Armenia, Republic of 3/ | Rwanda 4/ | - | |
| Benin | |||
| Burkina Faso | |||
| Burundi | |||
| Kyrgyz Republic | |||
| Gambia, The | |||
| Georgia 3/ | |||
| Grenada | |||
| Malawi | |||
| Mali | |||
| Mauritania, Islamic Republic of | |||
| Nicaragua | |||
| Niger | |||
| Sierra Leone | |||
Members that have had at least seven years of non-precautionary Fund financial arrangements in the last ten years.
Excluding the Policy Support Instrument (PSI).
The member currently has both PRGT and GRA arrangements.
The member currently has a PSI.
Members with Longer-Term Program Engagement
(As of June 27, 2012)
| PRGT-eligible Members 1/ | Non-PRGT-eligible Members 1/ | ||
|---|---|---|---|
| Current Arrangement 2/ | No Current Arrangement | Current Arrangement | No Current Arrangement |
| Armenia, Republic of 3/ | Rwanda 4/ | - | |
| Benin | |||
| Burkina Faso | |||
| Burundi | |||
| Kyrgyz Republic | |||
| Gambia, The | |||
| Georgia 3/ | |||
| Grenada | |||
| Malawi | |||
| Mali | |||
| Mauritania, Islamic Republic of | |||
| Nicaragua | |||
| Niger | |||
| Sierra Leone | |||
Members that have had at least seven years of non-precautionary Fund financial arrangements in the last ten years.
Excluding the Policy Support Instrument (PSI).
The member currently has both PRGT and GRA arrangements.
The member currently has a PSI.
Prepared by Ferhan Salman, Katsiaryna Svirydzenka, and Trung Thanh Bui.
Fund financial arrangements that qualify for the definition of LTPE are those drawing on upper credit tranche GRA or PRGF-ESF/PRGT resources, or any blend of the two. An outright purchase under the ESF, RAC, RCF, ENDA/EPCA, or RFI does not count towards LTPE. Further, time spent under the Policy Support Instrument (PSI), the precautionary use of the Flexible Credit Line (FCL), Precautionary and Liquidity Line (PLL), or the GRA or PRGT resources that remain undrawn throughout the arrangement does not count toward LTPE. For a complete definition of LTPE, see “Public Information Notice of Ex Post Assessments and Issues Related to the Policy on Longer-Term Program Engagement,” (PIN/06/96, 08/10/06); report entitled “Review of Ex Post Assessments and Issues Relating to the Policy on Longer-Term Engagement“; and “Ex Post Assessment of Members with Longer-Term Program Engagement—Revised Guidance Note“.
This report provides an update since the last report to the Executive Board from June 2011.
The Executive Board approved, on August 28, 2009, modifications to the procedures for EPAs in light of the Board discussion of Omnibus Paper on Easing Work Pressures. The changed procedures are discussed in detail in the Revised Guidance Note for Ex Post Assessment of Members with Longer-Term Program Engagement.