Operational Guidance Note On Program Design And Conditionality PDF Download
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| Author | : International Monetary Fund. Strategy, Policy, & Review Department |
| Publisher | : International Monetary Fund |
| Total Pages | : 179 |
| Release | : 2024-01-30 |
| Genre | : Business & Economics |
| ISBN | : |
Download Operational Guidance Note On Program Design and Conditionality Book 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.
| Author | : International Monetary Fund. Strategy, Policy, & Review Department |
| Publisher | : International Monetary Fund |
| Total Pages | : 39 |
| Release | : 2024-04-25 |
| Genre | : Business & Economics |
| ISBN | : |
Download Policy Coordination Instrument — Updated Operational Guidance Note Book in PDF, ePub and Kindle
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.
| Author | : International Monetary Fund |
| Publisher | : International Monetary Fund |
| Total Pages | : 11 |
| Release | : 2010-01-25 |
| Genre | : Business & Economics |
| ISBN | : 1498337961 |
Download Operational Guidance Note on Conditionality—December 2009 Revisions Book in PDF, ePub and Kindle
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.
| Author | : International Monetary Fund |
| Publisher | : International Monetary Fund |
| Total Pages | : 20 |
| Release | : 2014-07-23 |
| Genre | : Business & Economics |
| ISBN | : 1498343112 |
Download Revised Operational Guidance to IMF Staff on the 2002 Conditionality Guidelines Book in PDF, ePub and Kindle
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| Author | : International Monetary Fund. Strategy, Policy, & Review Department |
| Publisher | : International Monetary Fund |
| Total Pages | : 52 |
| Release | : 2024-04-30 |
| Genre | : Business & Economics |
| ISBN | : |
Download Operational Guidance Note for IMF Engagement on Social Spending Issues Book 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.
| Author | : International Monetary Fund |
| Publisher | : International Monetary Fund |
| Total Pages | : 8 |
| Release | : 2011-01-21 |
| Genre | : Business & Economics |
| ISBN | : 149833945X |
Download 2011 Review of Conditionality and the Design of Fund-Supported Programs - Concept Note Book in PDF, ePub and Kindle
The Fund regularly assesses conditionality in IMF-supported programs, with the next formal review planned for 2011. This paper summarizes previous assessments of conditionality, outlines staff’s proposed approach to the forthcoming review, and seeks Directors’ early views on the approach.
| Author | : International Monetary Fund. Strategy, Policy, & Review Department |
| Publisher | : International Monetary Fund |
| Total Pages | : 172 |
| Release | : 2019-05-20 |
| Genre | : Business & Economics |
| ISBN | : 1498315712 |
Download 2018 Review of Program Design and Conditionality Book in PDF, ePub and Kindle
The 2018 Review of Program Design and Conditionality is the first comprehensive stocktaking of Fund lending operations since the global financial crisis. The review assesses program performance between September 2011 and end-2017. Programs during this period were defined by the protracted structural challenges faced by members and hampered by the persistently weak global environment.
| Author | : |
| Publisher | : |
| Total Pages | : 10 |
| Release | : 2008 |
| Genre | : Conditionality (International relations) |
| ISBN | : |
Download Operational Guidance to IMF Staff Condiitionality Guidelines Book in PDF, ePub and Kindle
"This note elaborates on the operational implications of the key principles that should guide the Fund in designing and setting conditionality and the 2002 conditionality guidelines. It is not intended as a comprehensive stand-alone guidance note, but rather as an aid to the implementation of the new guidelines. The operational issues covered are grouped into three areas: (i) the process of negotiation and program design; (ii) the design of conditionality; and (iii) the presentation of conditionality in Board papers for the use of Fund resources. The 2008 revisions arise from the Board-endorsed recommendations of the IEO evaluation of structural conditionality; the Board's preferred way forward is to strengthen efforts to achieve parsimony by emphasizing"--IMF information page summary.
| Author | : International Monetary Fund. Strategy, Policy, & Review Department |
| Publisher | : International Monetary Fund |
| Total Pages | : 68 |
| Release | : 2024-07-25 |
| Genre | : |
| ISBN | : |
Download 2024 Staff Guidance Note On The IMF’s Engagement With Small Developing States Book 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.
| Author | : International Monetary Fund. Strategy, Policy, & Review Department |
| Publisher | : International Monetary Fund |
| Total Pages | : 23 |
| Release | : 2022-10-21 |
| Genre | : Business & Economics |
| ISBN | : |
Download Staff-Monitored Programs—Updated Operational Guidance Note Book in PDF, ePub and Kindle
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.
