Cover Policy Papers
Further Extension of Consultation Cycles Due To Covid-19 Pandemic, and Suspension of Framework To Address Excessive Delays in Article IV Consultations and Mandatory Financial Stability Assessments
Author:
International Monetary Fund. Monetary and Capital Markets Department
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International Monetary Fund. Legal Dept.
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International Monetary Fund. Strategy, Policy, &amp
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Review Department
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Series:
Policy Papers
Volume/Issue:
Volume 2020: Issue 035
Language:
English
Publication Date:
17 Jul 2020
DOI:
https://doi.org/10.5089/9781513550404.007
ISBN:
9781513550404
ISSN:
2663-3493
Pages:
7
Keywords:
PP; mandatory FSA; policy; consultation; fund staff; containment policy
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Notwithstanding the ongoing intensive policy dialogue with the membership during the COVID-19 pandemic, there is growing need for resuming Article IV consultations and mandatory Financial Stability Assessments (FSAs). However, the resumption of Article IV consultations over the coming months will need to be gradual, remain focused on the crisis and related challenges, and be undertaken flexibly. Staff recommends a further extension of consultation cycles to accommodate the gradual nature of the restart. Staff also recommends that the application of the framework to address excessive delays in the completion of Article IV consultations and mandatory FSAs be temporarily suspended.
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Cover Policy Papers
Policy Papers
ISSN:
2663-3493
Publisher:
International Monetary Fund
Volume 2020: Issue 035