2014 Handbook Of Imf Facilities For Low Income Countries

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2014 Handbook of IMF Facilities for Low-Income Countries

International Monetary Fund
2014 Handbook of IMF Facilities for Low Income Countries Book PDF

Author : International Monetary Fund
Publisher : INTERNATIONAL MONETARY FUND
Page : 175 pages
File Size : 44,8 Mb
Release : 2014-08-28
Category : Business & Economics
ISBN : 1498342809

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2014 Handbook of IMF Facilities for Low-Income Countries by International Monetary Fund Pdf

This Handbook, an updated version of a similarly titled document issued in May 2012 (IMF, 2012c), provides guidance to staff on the financial facilities for low-income countries (LICs) that became effective in January 2010 (ECF, SCF, and RCF), and the PSI, including modifications to the guidance resulting from the Review of Facilities for Low-Income Countries (IMF, 2012e and 2013d) and the Review of Eligibility to Use the Fund’s Facilities for Concessional Financing (IMF, 2013c). Designed as a comprehensive reference tool for program work on low-income countries, the Handbook also refers, in summary form, to a range of relevant policies that apply more generally to IMF members. As with all guidance notes, the relevant IMF Executive Board decisions, including the terms of the various LIC Trust Instruments that have been adopted by the Board, remain the sole legal authority on the matters covered in the Handbook.

Handbook of IMF Facilities for Low-Income Countries

International Monetary Fund
Handbook of IMF Facilities for Low Income Countries Book PDF

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 168 pages
File Size : 53,6 Mb
Release : 2012-03-21
Category : Business & Economics
ISBN : 9781498340755

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Handbook of IMF Facilities for Low-Income Countries by International Monetary Fund Pdf

The Fund’s concessional facilities are aimed at providing flexible and tailored support to low-income countries (LICs) in their efforts to achieve, maintain, or restore a stable and sustainable macroeconomic position consistent with strong and durable poverty reduction and growth.

2023 Handbook of IMF Facilities for Low-Income Countries

International Monetary Fund. Strategy, Policy, & Review Department
2023 Handbook of IMF Facilities for Low Income Countries Book PDF

Author : International Monetary Fund. Strategy, Policy, & Review Department
Publisher : International Monetary Fund
Page : 191 pages
File Size : 42,5 Mb
Release : 2023-04-21
Category : Business & Economics
ISBN : 9798400242427

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2023 Handbook of IMF Facilities for Low-Income Countries by International Monetary Fund. Strategy, Policy, & Review Department Pdf

This Handbook provides guidance to staff on the IMF’s concessional financial facilities and non-financial instruments for low-income countries (LICs), defined here as all countries eligible to obtain concessional financing from the Fund. It updates the previous version of the Handbook that was published in December 2017 (IMF, 2017e) by incorporating modifications resulting from the 2018–19 Review of Facilities for Low-Income Countries and Review of the Financing of the Fund’s Concessional Assistance and Debt Relief to Low-Income Member Countries (IMF, 2019a, b), approved by the Board in May 2019; the reforms introduced in 2021 on the basis of the Board paper Fund Concessional Financial Support for Low-Income Countries—Responding to the Pandemic (IMF, 2021a), approved in July 2021; and a number of other recent Board papers. Designed as a comprehensive reference tool for program work on LICs, the Handbook also refers, in summary form, to a range of relevant policies that apply more generally to IMF members. As with all guidance notes, the relevant IMF Executive Board decisions including the terms of the various LIC Trust Instruments that have been adopted by the Board, remain the primary legal authority on the matters covered in the Handbook.

2016 Handbook of IMF Facilities for Low-Income Countries

International Monetary Fund. Strategy, Policy, & Review Department
2016 Handbook of IMF Facilities for Low Income Countries Book PDF

Author : International Monetary Fund. Strategy, Policy, & Review Department
Publisher : INTERNATIONAL MONETARY FUND
Page : 189 pages
File Size : 50,7 Mb
Release : 2016-02-23
Category : Business & Economics
ISBN : 1498345913

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2016 Handbook of IMF Facilities for Low-Income Countries by International Monetary Fund. Strategy, Policy, & Review Department Pdf

This Handbook provides guidance to staff on the financial and non-financial facilities for low-income countries (LICs), defined here as all countries eligible to obtain concessional financing from the Fund. It updates the previous version of the Handbook that was published in February 2015 (IMF, 2015) by incorporating modifications resulting from Board papers and related decisions since that time, including the reform of the Fund policy on Poverty Reduction Strategy in Fund engagement with low-income countries, Financing for Development—Enhancing the Financial Safety net for Developing Countries, Proposal for Catastrophe Containment and Relief Trust, the Review of Eligibility to Use the Fund’s Facilities for Concessional Financing, and the 14th General Review of Quotas.1 Designed as a comprehensive reference tool for program work on LICs, the Handbook also refers, in summary form, to a range of relevant policies that apply more generally to IMF members. As with all guidance notes, the relevant IMF Executive Board decisions, including the terms of the various LIC Trust Instruments that have been adopted by the Board, remain the sole legal authority on the matters covered in the Handbook.

Review of Facilities for Low-Income Countries

International Monetary Fund. Strategy, Policy, & Review Department,International Monetary Fund. Finance Dept.
Review of Facilities for Low Income Countries Book PDF

Author : International Monetary Fund. Strategy, Policy, & Review Department,International Monetary Fund. Finance Dept.
Publisher : International Monetary Fund
Page : 56 pages
File Size : 52,7 Mb
Release : 2012-07-26
Category : Business & Economics
ISBN : 9781498340120

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Review of Facilities for Low-Income Countries by International Monetary Fund. Strategy, Policy, & Review Department,International Monetary Fund. Finance Dept. Pdf

The 2009 reforms have broadly achieved their objective of closing gaps and creating a streamlined architecture of facilities that is better tailored to the diverse needs of LICs. Supported by the financing package to boost the PRGT’s lending capacity for 2009–14 and the accompanying doubling of access, the Fund was able to mount an effective response to LICs’ needs during the global financial crisis.

The Economic Impact of IMF-Supported Programs in Low-Income Countries

Yasemin Bal-Gunduz,Mr.Christian Ebeke,Ms.Burcu Hacibedel,Ms.Linda Kaltani,Ms.Vera V Kehayova,Mr.Chris Lane,Mr.Christian Mumssen,MissNkunde Mwase,Mr.Joseph Thornton
The Economic Impact of IMF Supported Programs in Low Income Countries Book PDF

Author : Yasemin Bal-Gunduz,Mr.Christian Ebeke,Ms.Burcu Hacibedel,Ms.Linda Kaltani,Ms.Vera V Kehayova,Mr.Chris Lane,Mr.Christian Mumssen,MissNkunde Mwase,Mr.Joseph Thornton
Publisher : International Monetary Fund
Page : 60 pages
File Size : 47,9 Mb
Release : 2013-10-04
Category : Business & Economics
ISBN : 9781484394717

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The Economic Impact of IMF-Supported Programs in Low-Income Countries by Yasemin Bal-Gunduz,Mr.Christian Ebeke,Ms.Burcu Hacibedel,Ms.Linda Kaltani,Ms.Vera V Kehayova,Mr.Chris Lane,Mr.Christian Mumssen,MissNkunde Mwase,Mr.Joseph Thornton Pdf

This paper aims to assess the economic impact of the IMF’s support through its facilities for low-income countries. It relies on two complementary econometric analyses: the first investigates the longer-term impact of IMF engagement—primarily through successive medium-term programs under the Extended Credit Facility and its predecessors (and more recently the Policy Support Instrument)—on economic growth and a range of other indicators and socioeconomic outcomes; the second focuses on the role of IMF shock-related financing—through augmentations of Extended Credit Facility arrangements and short-term and emergency financing instruments—on short-term macroeconomic performance.

IMF-Supported Programs in Low Income Countries

Mr.Christian Mumssen,Yasemin Bal-Gunduz,Mr.Christian Ebeke,Ms.Linda Kaltani
IMF Supported Programs in Low Income Countries Book PDF

Author : Mr.Christian Mumssen,Yasemin Bal-Gunduz,Mr.Christian Ebeke,Ms.Linda Kaltani
Publisher : International Monetary Fund
Page : 64 pages
File Size : 52,6 Mb
Release : 2013-12-31
Category : Business & Economics
ISBN : 9781484356203

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IMF-Supported Programs in Low Income Countries by Mr.Christian Mumssen,Yasemin Bal-Gunduz,Mr.Christian Ebeke,Ms.Linda Kaltani Pdf

This paper studies the short and longer-term impact of IMF engagement in Low-Income Countries (LICs) over nearly three decades. In contrast to earlier studies, we focus on a sample composed exclusively of LICs and disentangle the different effects of IMF longer-term engagement and short-term financing using a propensity score matching approach to control for selection bias. Our results indicate that longer-term IMF support (at least five years of program engagement per decade) helped LICs sustain economic growth and boost resilience by building fiscal buffers. Interestingly, the size of IMF financing has no significant impact on economic growth, possibly pointing to the prominent role of IMF policy advice and institutional capacity building in the context of longer-term engagement. We also present evidence that the short-term IMF engagement through augmentations of existing programs or short-term and emergency facilities is positively associated with a wide range of macroeconomic outcomes. Notably, the IMF financial support has the greatest impact on short-term growth when LICs are faced with substantial macroeconomic imbalances or exogenous shocks.

2017 Handbook of IMF Facilities for Low-Income Countries

International Monetary Fund. Strategy, Policy, & Review Department,International Monetary Fund. Legal Dept.
2017 Handbook of IMF Facilities for Low Income Countries Book PDF

Author : International Monetary Fund. Strategy, Policy, & Review Department,International Monetary Fund. Legal Dept.
Publisher : International Monetary Fund
Page : 190 pages
File Size : 48,6 Mb
Release : 2017-01-12
Category : Business & Economics
ISBN : 9781498346238

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2017 Handbook of IMF Facilities for Low-Income Countries by International Monetary Fund. Strategy, Policy, & Review Department,International Monetary Fund. Legal Dept. Pdf

This Handbook provides guidance to staff on the financial facilities and non-financial instruments for low-income countries (LICs), defined here as all countries eligible to obtain concessional financing from the Fund. It updates the previous version of the Handbook that was published in February 2016 (IMF, 2016d) by incorporating modifications resulting from Board papers and related decisions since that time, including Financing for Development—Enhancing the Financial Safety Net for Developing Countries—Further Considerations (IMF, 2016c), Review of Poverty Reduction and Growth Trust – Review of Interest Rate Structure (IMF, 2016b), Eligibility to Use the Fund’s Facilities for Concessional Financing (IMF, 2017a), Large Natural Disasters—Enhancing the Financial Safety Net for Developing Countries (IMF, 2017b) and Adequacy of the Global Financial Safety Net – Proposal for a New Policy Coordination Instrument (IMF, 2017c). Designed as a comprehensive reference tool for program work on LICs, the Handbook also refers, in summary form, to a range of relevant policies that apply more generally to IMF members. As with all guidance notes, the relevant IMF Executive Board decisions, including the terms of the various LIC Trust Instruments that have been adopted by the Board, remain the sole legal authority on the matters covered in the Handbook

International Monetary Fund Handbook

Parmeshwar Ramlogan,Bernhard Fritz-Krockow
International Monetary Fund Handbook Book PDF

Author : Parmeshwar Ramlogan,Bernhard Fritz-Krockow
Publisher : International Monetary Fund
Page : 116 pages
File Size : 54,9 Mb
Release : 2007
Category : Business & Economics
ISBN : 9781451932157

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International Monetary Fund Handbook by Parmeshwar Ramlogan,Bernhard Fritz-Krockow Pdf

This paper describes the functions, policies, and operations of the IMF. The IMF is an independent international organization, and is a cooperative of 185 member countries, whose objective is to promote world economic stability and growth. The member countries are the shareholders of the cooperative, providing the capital of the IMF through quota subscriptions. In return, the IMF provides its members with macroeconomic policy advice, financing in times of balance-of-payments need, and technical assistance and training to improve national economic management.

The Economic Impact of IMF-Supported Programs in Low-Income Countries

Yasemin Bal-Gunduz,Christian Ebeke,Burcu Hacibedel,Linda Kaltani,Vera Kehayova,Chris Lane,Christian Mumssen,Nkunde Mwase,Joseph Thornton
The Economic Impact of IMF Supported Programs in Low Income Countries Book PDF

Author : Yasemin Bal-Gunduz,Christian Ebeke,Burcu Hacibedel,Linda Kaltani,Vera Kehayova,Chris Lane,Christian Mumssen,Nkunde Mwase,Joseph Thornton
Publisher : Unknown
Page : 0 pages
File Size : 53,7 Mb
Release : 2013
Category : Business & Economics
ISBN : 1484386515

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The Economic Impact of IMF-Supported Programs in Low-Income Countries by Yasemin Bal-Gunduz,Christian Ebeke,Burcu Hacibedel,Linda Kaltani,Vera Kehayova,Chris Lane,Christian Mumssen,Nkunde Mwase,Joseph Thornton Pdf

This paper aims to assess the economic impact of the IMF’s support through its facilities for low-income countries. It relies on two complementary econometric analyses: the first investigates the longer-term impact of IMF engagement—primarily through successive medium-term programs under the Extended Credit Facility and its predecessors (and more recently the Policy Support Instrument)—on economic growth and a range of other indicators and socioeconomic outcomes; the second focuses on the role of IMF shock-related financing—through augmentations of Extended Credit Facility arrangements and short-term and emergency financing instruments—on short-term macroeconomic performance.

Government Finance Statistics Manual

Sage De Clerck,Tobias Wickens
Government Finance Statistics Manual Book PDF

Author : Sage De Clerck,Tobias Wickens
Publisher : International Monetary Fund
Page : 470 pages
File Size : 51,5 Mb
Release : 2015-03-10
Category : Business & Economics
ISBN : 9781498379212

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Government Finance Statistics Manual by Sage De Clerck,Tobias Wickens Pdf

The Government Finance Statistics Manual 2014 (GFSM 2014)—describes a specialized macroeconomic statistical framework––the government finance statistics (GFS) framework––designed to support fiscal analysis. The manual provides the economic and statistical reporting principles to be used in compiling the statistics; describes guidelines for presenting fiscal statistics within an analytic framework that includes appropriate balancing items; and is harmonized with other macroeconomic statistical guidelines.

Do IMF-Supported Programs Catalyze Donor Assistance to Low-Income Countries?

Yasemin Bal-Gunduz,Masyita Crystallin
Do IMF Supported Programs Catalyze Donor Assistance to Low Income Countries Book PDF

Author : Yasemin Bal-Gunduz,Masyita Crystallin
Publisher : International Monetary Fund
Page : 33 pages
File Size : 51,5 Mb
Release : 2014-11-12
Category : Business & Economics
ISBN : 9781498381635

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Do IMF-Supported Programs Catalyze Donor Assistance to Low-Income Countries? by Yasemin Bal-Gunduz,Masyita Crystallin Pdf

This study explores whether IMF-supported programs in low-income countries (LICs) catalyze Official Development Assistance (ODA). Based on a comprehensive set of ODA measures and using Propensity Score Matching approach to address selection bias, we show that programs addressing policy or exogenous shocks have a significant catalytic impact on both the size and the modality of ODA. Moreover, the impact is greatest when LICs are faced with substantial macroeconomic imbalances or large shocks. Nevertheless, when countries attracting similar donor assistance before shocks are matched results for bilateral ODA turn insignificant, suggesting that the catalytic impact is attributed primarily to multilateral ODA.

The Economic Impact of IMF-Supported Programs in Low-Income Countries

Yasemin Bal-Gunduz,Mr. Christian Ebeke,Ms. Burcu Hacibedel,Ms. Linda Kaltani,Ms. Vera V Kehayova,Mr. Chris Lane,Mr. Christian Mumssen,Nkunde Mwase,Mr. Joseph Thornton
The Economic Impact of IMF Supported Programs in Low Income Countries Book PDF

Author : Yasemin Bal-Gunduz,Mr. Christian Ebeke,Ms. Burcu Hacibedel,Ms. Linda Kaltani,Ms. Vera V Kehayova,Mr. Chris Lane,Mr. Christian Mumssen,Nkunde Mwase,Mr. Joseph Thornton
Publisher : INTERNATIONAL MONETARY FUND
Page : 60 pages
File Size : 51,8 Mb
Release : 2013-10-04
Category : Business & Economics
ISBN : 1475559038

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The Economic Impact of IMF-Supported Programs in Low-Income Countries by Yasemin Bal-Gunduz,Mr. Christian Ebeke,Ms. Burcu Hacibedel,Ms. Linda Kaltani,Ms. Vera V Kehayova,Mr. Chris Lane,Mr. Christian Mumssen,Nkunde Mwase,Mr. Joseph Thornton Pdf

This paper aims to assess the economic impact of the IMF’s support through its facilities for low-income countries. It relies on two complementary econometric analyses: the first investigates the longer-term impact of IMF engagement—primarily through successive medium-term programs under the Extended Credit Facility and its predecessors (and more recently the Policy Support Instrument)—on economic growth and a range of other indicators and socioeconomic outcomes; the second focuses on the role of IMF shock-related financing—through augmentations of Extended Credit Facility arrangements and short-term and emergency financing instruments—on short-term macroeconomic performance.

Peace Maintenance in Africa

Giovanni Cellamare,Ivan Ingravallo
Peace Maintenance in Africa Book PDF

Author : Giovanni Cellamare,Ivan Ingravallo
Publisher : Springer
Page : 190 pages
File Size : 42,8 Mb
Release : 2018-01-25
Category : Law
ISBN : 9783319722931

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Peace Maintenance in Africa by Giovanni Cellamare,Ivan Ingravallo Pdf

This book discusses the many legal aspects arising in relation to the maintenance of peace in Africa. Over the past twenty years, the majority of peace operations have been deployed on this continent, most of them established by the UN Security Council, sometimes in cooperation with the African Union and other African regional organizations, with contributions from the European Union and NATO. In some cases, the African Union has invoked its ‘primary responsibility for promoting peace, security and stability in Africa’, thus questioning the legal partnership between UN and regional organizations provided for in Chapter VIII of the UN Charter. The peace operations deployed in Africa have sometimes received a very robust mandate, which also includes the use of force and the protection of civilians’ human rights. The implementation of this broad mandate, which goes well beyond the traditional ‘peacekeeping approach’, requires considerable human and economic resources. Moreover, it raises several issues of concern with regard to the impact on the economic and political systems of the states in which the operations are deployed and, more generally, on the exercise of sovereignty over their territorial communities by these states. Offering an update for lawyers in practice and in academia interested in the field of international law, the book also contributes to the theoretical studies concerning the activities of international organizations, focusing on one of the most challenging issues to emerge in recent times.

Social Safeguards and Program Design in PRGT and PSI-Supported Programs

International Monetary Fund. Strategy, Policy, & Review Department,International Monetary Fund. Fiscal Affairs Dept.
Social Safeguards and Program Design in PRGT and PSI Supported Programs Book PDF

Author : International Monetary Fund. Strategy, Policy, & Review Department,International Monetary Fund. Fiscal Affairs Dept.
Publisher : International Monetary Fund
Page : 58 pages
File Size : 41,5 Mb
Release : 2017-06-06
Category : Business & Economics
ISBN : 9781498346757

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Social Safeguards and Program Design in PRGT and PSI-Supported Programs by International Monetary Fund. Strategy, Policy, & Review Department,International Monetary Fund. Fiscal Affairs Dept. Pdf

The Fund provides considerable support to low-income countries (LICs). This includes concessional financing from the Poverty Reduction and Growth Trust (PRGT), which currently carries an interest rate of zero percent. Since 2010, over half of Fund-supported arrangements have involved a PRGT facility. Support for poverty reduction is a core objective of arrangements supported by these facilities. This paper examines how PRGT-supported programs safeguard spending on poor and vulnerable groups within the broader framework of promoting inclusive growth. In some cases, national poverty reduction programs seek to shift expenditures toward social programs in the context of generally higher spending supported by domestic revenue mobilization, grants, or debt financing. In other cases, the goal is to safeguard poor and vulnerable groups from fiscal adjustment and reform measures that could adversely affect them by adopting countervailing policy measures to strengthen social safety nets. In discussing social safeguards, this paper focuses on how and if these objectives are reflected satisfactorily in the design of PRGT and PSI-supported programs. The effectiveness of social spending in improving social outcomes, including by durably reducing poverty, is beyond the scope of the paper.