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Operational Guidance Note On Program Design and Conditionality

2024-01-30 Business & Economics
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Release : 2024-01-30
Genre : Business & Economics
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Book Synopsis Operational Guidance Note On Program Design and Conditionality by : International Monetary Fund. Strategy, Policy, & Review Department

Download or read book Operational Guidance Note On Program Design and Conditionality written by International Monetary Fund. Strategy, Policy, & Review Department. This book was released on 2024-01-30. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Policy Coordination Instrument — Updated Operational Guidance Note

2024-04-25 Business & Economics
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Release : 2024-04-25
Genre : Business & Economics
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Book Synopsis Policy Coordination Instrument — Updated Operational Guidance Note by : International Monetary Fund. Strategy, Policy, & Review Department

Download or read book Policy Coordination Instrument — Updated Operational Guidance Note written by International Monetary Fund. Strategy, Policy, & Review Department. This book was released on 2024-04-25. Available in PDF, EPUB and Kindle. Book excerpt: This note provides updated general guidance on the use of the Policy Coordination Instrument (PCI). The PCI is a non-financing instrument designed for countries that, at the time of the PCI request, are seeking to unlock financing from sources other than the Fund and/or to demonstrate a commitment to a reform agenda. Since its establishment in 2017 as part of the Fund’s work on the Global Financial Safety Net, the PCI has been used by several members. These experiences helped establish and refine best practices, which are reflected in this updated operational guidance note together with changes to the PCI policy approved by the Executive Board on October 4, 2023. The note covers operational issues in a broad range of areas such as purpose, objectives, eligibility, modalities, applicability of UFR-related and other relevant policies, design of a PCI-supported program, conditionality framework, review schedule , and a comparison with other lending instruments. The note is an aid to the implementation of the PCI policy and its underlying principles. If there is any instance in which a provision of the guidance note or its implementation conflicts with the policy approved by the Board, the PCI policy shall prevail.

Operational Guidance Note on Conditionality—December 2009 Revisions

2010-01-25 Business & Economics
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Release : 2010-01-25
Genre : Business & Economics
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Book Rating : 961/5 ( reviews)

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Book Synopsis Operational Guidance Note on Conditionality—December 2009 Revisions by : International Monetary Fund

Download or read book Operational Guidance Note on Conditionality—December 2009 Revisions written by International Monetary Fund. This book was released on 2010-01-25. Available in PDF, EPUB and Kindle. Book excerpt: The 2000-02 comprehensive review of the Fund’s conditionality culminated in the adoption of a set of conditionality guidelines by the Executive Board on September 25, 2002. The 2002 Conditionality Guidelines (the “guidelines”) replace the 1979 Conditionality Guidelines and the Interim Guidance Note on Streamlining Structural Conditionality of September 18, 2000. A review of experience with the guidelines, looking at how they have been implemented and at their impact, is conducted periodically; summary statistics on conditionality have been prepared annually since 2008.

Revised Operational Guidance to IMF Staff on the 2002 Conditionality Guidelines

2014-07-23 Business & Economics
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Release : 2014-07-23
Genre : Business & Economics
Kind : eBook
Book Rating : 112/5 ( reviews)

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Book Synopsis Revised Operational Guidance to IMF Staff on the 2002 Conditionality Guidelines by : International Monetary Fund

Download or read book Revised Operational Guidance to IMF Staff on the 2002 Conditionality Guidelines written by International Monetary Fund. This book was released on 2014-07-23. Available in PDF, EPUB and Kindle. Book excerpt: NULL

Operational Guidance Note for IMF Engagement on Social Spending Issues

2024-04-30 Business & Economics
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Release : 2024-04-30
Genre : Business & Economics
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Book Synopsis Operational Guidance Note for IMF Engagement on Social Spending Issues by : International Monetary Fund. Strategy, Policy, & Review Department

Download or read book Operational Guidance Note for IMF Engagement on Social Spending Issues written by International Monetary Fund. Strategy, Policy, & Review Department. This book was released on 2024-04-30. Available in PDF, EPUB and Kindle. Book excerpt: 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.

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