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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.

Policy Coordination Instrument-Operational Guidance Note

2021
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Release : 2021
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Book Synopsis Policy Coordination Instrument-Operational Guidance Note by : International Monetary Fund Strategy, Policy, and Review Department

Download or read book Policy Coordination Instrument-Operational Guidance Note written by International Monetary Fund Strategy, Policy, and Review Department. This book was released on 2021. Available in PDF, EPUB and Kindle. Book excerpt: This note provides general guidance on the use of the Policy Coordination Instrument (PCI), a non-financing instrument designed for countries that are seeking to unlock financing from multiple sources 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 early experiences helped establish and refine best practices, which are reflected in the operational guidance note. The note covers operational issues in a broad range of areas such as purpose, objectives, and eligibility, modalities, applicability of UFR-related and other relevant policies, design of a PCI-supported program, conditionality framework, review cycle, and a comparison with other instruments. The note is an aid to the implementation of the policy and its underlying principles. If there is any instance in which a provision of the guidance note or its implementation conflicts with Board policy, Board policy prevails.

Staff Guidance Note on Macroprudential Policy

2014-06-11 Business & Economics
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Release : 2014-06-11
Genre : Business & Economics
Kind : eBook
Book Rating : 620/5 ( reviews)

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Book Synopsis Staff Guidance Note on Macroprudential Policy by : International Monetary Fund

Download or read book Staff Guidance Note on Macroprudential Policy written by International Monetary Fund. This book was released on 2014-06-11. Available in PDF, EPUB and Kindle. Book excerpt: This note provides guidance to facilitate the staff’s advice on macroprudential policy in Fund surveillance. It elaborates on the principles set out in the “Key Aspects of Macroprudential Policy,” taking into account the work of international standard setters as well as the evolving country experience with macroprudential policy. The main note is accompanied by supplements offering Detailed Guidance on Instruments and Considerations for Low Income Countries

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.

Staff-Monitored Programs—Updated Operational Guidance Note

2022-10-21 Business & Economics
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Release : 2022-10-21
Genre : Business & Economics
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Book Synopsis Staff-Monitored Programs—Updated Operational Guidance Note by : International Monetary Fund. Strategy, Policy, & Review Department

Download or read book Staff-Monitored Programs—Updated Operational Guidance Note written by International Monetary Fund. Strategy, Policy, & Review Department. This book was released on 2022-10-21. Available in PDF, EPUB and Kindle. Book excerpt: The note updates and replaces the prior guidance on SMPs, provided in 2003, incorporating changes to the Fund’s lending strategy, and clarifies some operational issues to better guide staff on the use and design of SMPs, while safeguarding even-handed application. Noteworthy changes include clarity on the role of SMPs, specifying the start and end dates of SMPs, clarifying the expected length of SMPs and track record periods, and extensions of SMPs. While many policies are clarified, the principle of flexibility is maintained.

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