2024 Staff Guidance Note On The IMF’s Engagement With Small Developing States - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook 2024 Staff Guidance Note On The IMF’s Engagement With Small Developing States write by International Monetary Fund. Strategy, Policy, & Review Department. This book was released on 2024-07-25. 2024 Staff Guidance Note On The IMF’s Engagement With Small Developing States available in PDF, EPUB and Kindle. This guidance note provides operational guidance on the Fund’s engagement with small developing states (SDS). It highlights the unique economic characteristics and constraints facing SDS, notably in a more shock-prone world. Building on advice that applies to the full membership, the note explains how the characteristics of SDS shape Fund surveillance, financial support and program design, capacity development (CD), and collaboration with other institutions and donors. The note updates the previous version that was published in December 2017.
2017 Staff Guidance Note on the Fund's Engagement with Small Developing States
2017 Staff Guidance Note on the Fund's Engagement with Small Developing States - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook 2017 Staff Guidance Note on the Fund's Engagement with Small Developing States write by International Monetary Fund. African Dept.. This book was released on 2018-01-26. 2017 Staff Guidance Note on the Fund's Engagement with Small Developing States available in PDF, EPUB and Kindle. "This guidance note highlights the unique economic characteristics and constraints facing small developing states. It provides operational guidance on Fund engagement with such countries, including on how small state characteristics might shape Fund surveillance and financial support, program design, capacity building activities, and collaboration with other institutions and donors. The note updates the previous version that was published in May 2014. It incorporates modifications resulting from Board papers and related Executive Board discussions that have taken place since the March 2013 Board papers on small states, which provided the foundations of the original guidance note. Based on these inputs, five key thematic areas (G.R.O.W.TH.) have been identified as central to the policy dialogue: • Growth and job creation. With small states experiencing relatively weak growth since the 1990s, Fund staff working on small states should ensure an explicit focus on growth in both surveillance and program-related work. • Resilience to shocks. Small states experience higher macroeconomic volatility and more frequent natural disasters. Staff should be ready to advise on how to tailor macroeconomic policies to provide greater resilience to shocks and climate change. • Overall competitiveness. Options to improve relative prices may include exchange rate adjustment (where possible) or measures supportive of internal devaluation (if not), and efforts to improve the business climate, including through regional initiatives. • Workable fiscal and debt sustainability options. With many small states having very high debt burdens, reducing debt to manageable levels requires sustained fiscal consolidation with supporting policies and structural reforms. In cases where the amount of adjustment needed to restore debt sustainability is not feasible or adequate financing is not available, debt restructuring may be needed. • Thin financial sectors. Developing deeper and more competitive, yet sound, financial sectors contributes to macroeconomic stability and enhances the effectiveness of policy interventions while strengthening competitiveness by improving business access to financial services."
Operational Guidance Note On Program Design and Conditionality
Operational Guidance Note On Program Design and Conditionality - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Operational Guidance Note On Program Design and Conditionality write by International Monetary Fund. Strategy, Policy, & Review Department. This book was released on 2024-01-30. Operational Guidance Note On Program Design and Conditionality available in PDF, EPUB and Kindle. This note aims to provide guidance on the key principles and considerations underlying the design of Fund-supported programs. The note expands on the previous operational guidance notes on conditionality published over 2003-2014, incorporating lessons from the 2018-19 Review of Conditionality, and other recent key policy developments including the recommendation of the Management’s Implementation Plan in response to Independent Evaluation Office (IEO)’s report on growth and adjustment in IMF-supported programs. The note in particular highlights operational advice to (i) improve the realism of macroeconomic forecast in programs and fostering a more systematic analysis of contingency plans and risks; (ii) improve the focus, depth, implementation, and tailoring of structural conditions (SCs), with due consideration of growth effects; and (iii) help strengthen the ownership of country authorities. Designed as a comprehensive reference and primer on program design and conditionality in an accessible and transparent manner, the note refers in summary to a broad range of economic and policy considerations over the lifecycle of Fund-supported programs. As with all guidance notes, the relevant IMF Executive Board Decisions remain the primary legal authority on matters covered in this note.
Operational Guidance Note for IMF Engagement on Social Spending Issues
Operational Guidance Note for IMF Engagement on Social Spending Issues - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Operational Guidance Note for IMF Engagement on Social Spending Issues write by International Monetary Fund. Strategy, Policy, & Review Department. This book was released on 2024-04-30. Operational Guidance Note for IMF Engagement on Social Spending Issues available in PDF, EPUB and Kindle. This note provides general guidance on the operationalization of the strategy for IMF engagement on social spending. Social spending plays a critical role as a key lever for promoting inclusive growth, addressing inequality, protecting vulnerable groups during structural change and adjustment, smoothing consumption over the lifecycle, and stabilizing demand during economic shocks. Social spending policies have also been playing an important role in tackling the structural challenges associated with demographic shifts, gender inequality, technological advances, and climate change. This note builds on a series of notes on IMF engagement on specific social spending issues since the publication of the 2019 strategy paper and provides operational guidance on when and how to engage on social spending issues, in the context of surveillance, IMF-supported programs, and capacity development.
The IMF Strategy for Fragile and Conflict-Affected States
The IMF Strategy for Fragile and Conflict-Affected States - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The IMF Strategy for Fragile and Conflict-Affected States write by International Monetary Fund. This book was released on 2022-03-14. The IMF Strategy for Fragile and Conflict-Affected States available in PDF, EPUB and Kindle. This paper proposes a comprehensive Strategy to strengthen IMF support to FCS in accordance with the Fund’s mandate and comparative advantage. The Strategy is a response to the Board-endorsed recommendations of the 2018 Independent Evaluation Office (IEO) Report on The IMF and Fragile States. To achieve these goals, the Strategy will benefit from additional resources reflected in the FY23-25 Medium-Term Budget, as per the budget augmentation framework discussed by the Board in December 2021. The Strategy also provides measures to better support staff working on FCS. Given the inherent risks in FCS engagement, the Strategy will be phased in starting in FY22, with implementation gradually accelerating between FY23-FY25.
