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—RevisedGuidance Note”.
This report provides an update since the last report to the Executive Board from July 2012.
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.