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Report on Fiscal Safeguards Pilots
Author:
International Monetary Fund
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Series:
Policy Papers
Volume/Issue:
Volume 2013: Issue 027
Language:
English
Publication Date:
10 Apr 2013
DOI:
https://doi.org/10.5089/9781498341264.007
ISBN:
9781498341264
ISSN:
2663-3493
Pages:
12
Keywords:
PP; treasury; State treasury; funding; government; country; FAD PFM TA mission; audit institution; banking arrangement; PEFA assessment; fund staff; government bank accounts; TA engagement; Fiscal risks; Budget planning and preparation; Fiscal accounting and reporting; Auditing
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This paper reports on the results of a pilot exercise on fiscal safeguards conducted by the Fiscal Affairs Department (FAD) during FY2013. The exercise was launched following an independent review of the existing safeguards policy in 2010 in which many Directors encouraged staff to highlight fiscal safeguards risks in cases where a substantial portion of the resources provided by the Fund for balance of payments support is channeled to state treasuries for budget purposes. Pilot fiscal safeguards exercises were conducted for five countries: Antigua and Barbuda, Cyprus, Greece, Ireland, and Kyrgyz Republic.
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Cover Policy Papers
Policy Papers
ISSN:
2663-3493
Publisher:
International Monetary Fund