Review Of 1997 Guidance Note On Governance A Proposed Framework For Enhanced Fund Engagement

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Review of 1997 Guidance Note on Governance - A Proposed Framework for Enhanced Fund Engagement

International Monetary Fund. Fiscal Affairs Dept.,International Monetary Fund. Legal Dept.,International Monetary Fund. Research Dept.,International Monetary Fund. Strategy, Policy, & Review Department
Review of 1997 Guidance Note on Governance A Proposed Framework for Enhanced Fund Engagement Book PDF

Author : International Monetary Fund. Fiscal Affairs Dept.,International Monetary Fund. Legal Dept.,International Monetary Fund. Research Dept.,International Monetary Fund. Strategy, Policy, & Review Department
Publisher : International Monetary Fund
Page : 62 pages
File Size : 50,9 Mb
Release : 2018-04-22
Category : Social Science
ISBN : 9781498308366

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Review of 1997 Guidance Note on Governance - A Proposed Framework for Enhanced Fund Engagement by International Monetary Fund. Fiscal Affairs Dept.,International Monetary Fund. Legal Dept.,International Monetary Fund. Research Dept.,International Monetary Fund. Strategy, Policy, & Review Department Pdf

This paper proposes the adoption of a framework that would supplement the 1997 Fund’s Guidance Note on the Role of the Fund in Governance Issues, adopted by the Executive Board (the “1997 Governance Policy”). While the 1997 Governance Policy remains an appropriate basis for the Fund’s work in this area, further guidance from the Executive Board is needed to ensure that the objectives of that policy are achieved. Experience over the past 20 years has underscored the critical impact that governance issues can have on the Fund’s work. In particular, there is evidence that corruption can have a pernicious effect on a country’s ability to achieve sustainable, inclusive economic growth. As requested by the Executive Board, the proposed Framework for Enhanced Engagement by the Fund (“Framework for Enhanced Fund Engagement”) is designed to promote more systematic, effective, and candid engagement with member countries regarding those governance vulnerabilities, including corruption, that are judged to be macroeconomically critical. Perhaps most importantly, the application of the Framework for Enhanced Fund Engagement to all members on a systematic basis will enhance evenhandedness. Finally, the Framework is designed to strengthen the global fight against corruption by promoting governmental measures that prevent private actors from offering bribes or providing services that enable the proceeds of corrupt acts to be concealed, particularly in the transnational context.

The Role of the Fund in Governance Issues - Review of the Guidance Note - Preliminary Considerations

International Monetary Fund. Strategy, Policy, & Review Department,International Monetary Fund. Legal Dept.
The Role of the Fund in Governance Issues Review of the Guidance Note Preliminary Considerations Book PDF

Author : International Monetary Fund. Strategy, Policy, & Review Department,International Monetary Fund. Legal Dept.
Publisher : International Monetary Fund
Page : 77 pages
File Size : 54,7 Mb
Release : 2017-02-08
Category : Social Science
ISBN : 9781498346528

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The Role of the Fund in Governance Issues - Review of the Guidance Note - Preliminary Considerations by International Monetary Fund. Strategy, Policy, & Review Department,International Monetary Fund. Legal Dept. Pdf

Following the request of the IMFC, this paper represents a first step in reassessing the Fund’s approach to tackling governance issues, the guidelines for which are contained in a 1997 Guidance Note. The paper examines the record of implementation of these guidelines in the period since the last such review was conducted in 2004, focusing on the handling of issues relating to corruption.

The Role of the Fund in Governance Issues - Review of the Guidance Note - Preliminary Considerations - Background Notes

International Monetary Fund. Strategy, Policy, & Review Department,International Monetary Fund. Legal Dept.
The Role of the Fund in Governance Issues Review of the Guidance Note Preliminary Considerations Background Notes Book PDF

Author : International Monetary Fund. Strategy, Policy, & Review Department,International Monetary Fund. Legal Dept.
Publisher : International Monetary Fund
Page : 112 pages
File Size : 55,6 Mb
Release : 2017-02-08
Category : Social Science
ISBN : 9781498346481

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The Role of the Fund in Governance Issues - Review of the Guidance Note - Preliminary Considerations - Background Notes by International Monetary Fund. Strategy, Policy, & Review Department,International Monetary Fund. Legal Dept. Pdf

The Background Notes in this Supplement provide essential context and analysis needed to understand the problem of governance and corruption, its impact on the economies of Fund members, and the history and nature of Fund engagement on these issues. They also seek to support the assessment of the Fund’s overall approach to promoting good governance and reducing corruption—including through the lenses of key stakeholders—with a view to identifying strength and closing any remaining gaps.

Law Reforms around the World

Asif H Qureshi
Law Reforms around the World Book PDF

Author : Asif H Qureshi
Publisher : Taylor & Francis
Page : 365 pages
File Size : 49,7 Mb
Release : 2023-12-01
Category : Law
ISBN : 9781003813453

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Law Reforms around the World by Asif H Qureshi Pdf

Encapsulating Law Reform requires the creation of a discreet space occupied with normative self-generation, self-correction, and self-adaptation in the very anatomy of law and the architecture of legal systems. This ‘living dynamic trait’ should be a hallmark of the genetic material in the modern-day institution of law. This edited volume sheds light on Law Reform in its domestic, comparative, regional, and international settings. It examines the process of Law Reform and explains the need for a constant appraisal to keep its wheels optimally operational. The book takes a holistic approach to understanding Law Reform and calls for such an approach in the very process of Law Reform. It begins by looking at Law Reform processes from a theoretical perspective. Thereafter, it sheds light on domestic Law Reform processes in civil and common law legal systems. This is followed by a focus on Law Reform at the international level with a critical appraisal of the International Law Commission (ILC), drawing on its performance in international economic and environmental law. Included in this consideration is also the role played in Law Reform by the IMF, World Trade Organization/World Intellectual Property Organization, Multilateral Development Banks, and the African Union Commission on International Law. This volume should appeal to students, serious scholars, policy makers, judges, and the community of national and international lawyers interested in bringing effective reform in the national and international arenas.

Operational Guidance Note On Program Design and Conditionality

International Monetary Fund. Strategy, Policy, & Review Department
Operational Guidance Note On Program Design and Conditionality Book PDF

Author : International Monetary Fund. Strategy, Policy, & Review Department
Publisher : International Monetary Fund
Page : 179 pages
File Size : 48,7 Mb
Release : 2024-01-30
Category : Business & Economics
ISBN : 9798400264849

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Operational Guidance Note On Program Design and Conditionality by International Monetary Fund. Strategy, Policy, & Review Department Pdf

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.

Sudan

International Monetary Fund. Middle East and Central Asia Dept.
Sudan Book PDF

Author : International Monetary Fund. Middle East and Central Asia Dept.
Publisher : International Monetary Fund
Page : 41 pages
File Size : 42,6 Mb
Release : 2020-03-10
Category : Business & Economics
ISBN : 9781513536743

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Sudan by International Monetary Fund. Middle East and Central Asia Dept. Pdf

This Selected Issues paper on Sudan provides a first stock-taking of the scale, main transmission channels and potential costs of poor governance and corruption in Sudan and offers preliminary recommendations. A large body of literature and country analyses confirm that weak governance and corruption undermine economic growth, amplify income inequality and erode public trust in the institutions. According to international agencies and existing literature, Sudan has scored very poorly on compliance with rule of law best practices in the past. Effective implementation of preventive measures is important; particularly in relation to politically exposed persons. Transparency on beneficial ownership of legal persons and arrangements to prevent their misuse for laundering the proceeds of corruption are necessary. Transparency, accountability, and comprehensive communication should be the backbone of governance and anti-corruption reforms in each sector. Rationalizing tax exemptions and phasing out tax holidays would strengthen governance while boosting fiscal revenues.

Guidance Note for the Use of Third-Party Indicators in Fund Reports

International Monetary Fund. Strategy, Policy, & Review Department,International Monetary Fund. Statistics Dept.
Guidance Note for the Use of Third Party Indicators in Fund Reports Book PDF

Author : International Monetary Fund. Strategy, Policy, & Review Department,International Monetary Fund. Statistics Dept.
Publisher : International Monetary Fund
Page : 33 pages
File Size : 53,6 Mb
Release : 2018-09-13
Category : Social Science
ISBN : 9781498309790

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Guidance Note for the Use of Third-Party Indicators in Fund Reports by International Monetary Fund. Strategy, Policy, & Review Department,International Monetary Fund. Statistics Dept. Pdf

This note provides guidance on use of third-party indicators (TPIs) in Fund reports, in line with the policy endorsed by the Board in November 2017.

Selected Decisions and Selected Documents of the International Monetary Fund, 42nd Issue

International Monetary Fund. Legal Dept.
Selected Decisions and Selected Documents of the International Monetary Fund 42nd Issue Book PDF

Author : International Monetary Fund. Legal Dept.
Publisher : International Monetary Fund
Page : 962 pages
File Size : 53,6 Mb
Release : 2022-08-10
Category : Business & Economics
ISBN : 9781589068551

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Selected Decisions and Selected Documents of the International Monetary Fund, 42nd Issue by International Monetary Fund. Legal Dept. Pdf

This volume documents decisions, interpretations, and resolutions of the Executive Board and Board of Governors of the International Monetary Fund, as well as documents relating to the United Nations and other international organizations.

Selected Decisions and Selected Documents of the International Monetary Fund

International Monetary Fund. Legal Dept.
Selected Decisions and Selected Documents of the International Monetary Fund Book PDF

Author : International Monetary Fund. Legal Dept.
Publisher : International Monetary Fund
Page : 1064 pages
File Size : 54,8 Mb
Release : 2024-03-12
Category : Business & Economics
ISBN : 9798400259241

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Selected Decisions and Selected Documents of the International Monetary Fund by International Monetary Fund. Legal Dept. Pdf

This volume is the Forty-Third Issue of Selected Decisions and Selected Documents of the International Monetary Fund. It includes decisions, interpretations, and resolutions of the Executive Board and the Board of Governors of the International Monetary Fund, as well as selected documents, to which frequent reference is made in the current activities of the Fund. In addition, it includes certain documents relating to the Fund, the United Nations, and other international organizations.

Staff Guidance Note on the Implementation of the IMF Strategy for Fragile and Conflict-Affected States (FCS)

International Monetary
Staff Guidance Note on the Implementation of the IMF Strategy for Fragile and Conflict Affected States FCS Book PDF

Author : International Monetary
Publisher : International Monetary Fund
Page : 85 pages
File Size : 55,6 Mb
Release : 2023-03-22
Category : Electronic
ISBN : 9798400235337

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Staff Guidance Note on the Implementation of the IMF Strategy for Fragile and Conflict-Affected States (FCS) by International Monetary Pdf

This note provides operational advice and information to help staff implement the IMF Strategy for Fragile and Conflict-Affected States (FCS) approved by the Executive Board on March 9, 2022. Topics covered include (i) the new IMF FCS classification methodology, which is aligned with that of the World Bank; (ii) the preparation of Country Engagement Strategies (CES) that will be rolled out across FCS to ensure that Fund engagement is appropriately tailored to country-specific manifestations of fragility and/or conflict; (iii) advice on tailoring the thematic focus of Article IV consultations and Fund analytics to FCS, as well as on the prioritization, design, and implementation of capacity development (CD) projects in fragile contexts; (iv) guidance on making full use of the flexibilities of the lending toolkit; (v) guidance on engaging in specific FCS situations, including building accountable institutions to exit fragility, cases of rising fragility risks, active conflict, post-conflict, and addressing the impact of external shocks and spillovers; and (v) strengthening partnerships with humanitarian, development, and peace actors, in accordance with the Fund's mandate. Dedicated annexes provide additional information on the CES process, addressing good governance in FCS, program design, and country examples of Fund engagement in FCS.

Selected Decisions and Selected Documents of the International Monetary Fund, Forty First Issue Supplement

International Monetary Fund. Legal Dept.
Selected Decisions and Selected Documents of the International Monetary Fund Forty First Issue Supplement Book PDF

Author : International Monetary Fund. Legal Dept.
Publisher : International Monetary Fund
Page : 907 pages
File Size : 55,6 Mb
Release : 2021-02-08
Category : Business & Economics
ISBN : 9781513557526

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Selected Decisions and Selected Documents of the International Monetary Fund, Forty First Issue Supplement by International Monetary Fund. Legal Dept. Pdf

This volume is the Forty-First Issue of Selected Decisions and Selected Documents of the IMF. It includes decisions, interpretations, and resolutions of the Executive Board and the Board of Governors of the IMF, as well as selected documents, to which frequent reference is made in the current activities of the IMF. In addition, it includes certain documents relating to the IMF, the United Nations, and other international organizations. As with other recent issues, the number of decisions in force continues to increase, with the decision format tending to be longer given the use of summings up in lieu of formal decisions. Accordingly, it has become necessary to delete certain decisions that were included in earlier issues, that is, those that only completed or called for reviews of decisions, those that lapsed, and those that were superseded by more recent decisions. Wherever reference is made in these decisions and documents to a provision of the IMF’s Articles of Agreement or Rules and Regulations that has subsequently been renumbered by, or because of, the Second Amendment of the Fund’s Articles of Agreement (effective April 1, 1978), the corresponding provision currently in effect is cited in a footnote.

Selected Decisions and Selected Documents of the International Monetary Fund, Fortieth Issue

International Monetary Fund. Legal Dept.
Selected Decisions and Selected Documents of the International Monetary Fund Fortieth Issue Book PDF

Author : International Monetary Fund. Legal Dept.
Publisher : International Monetary Fund
Page : 854 pages
File Size : 49,7 Mb
Release : 2019-09-24
Category : Business & Economics
ISBN : 9781513515212

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Selected Decisions and Selected Documents of the International Monetary Fund, Fortieth Issue by International Monetary Fund. Legal Dept. Pdf

This volume is the Fortieth Issue of Selected Decisions and Selected Documents of the IMF. It includes decisions, interpretations, and resolutions of the Executive Board and the Board of Governors of the IMF, as well as selected documents, to which frequent reference is made in the current activities of the IMF. In addition, it includes certain documents relating to the IMF, the United Nations, and other international organizations. As with other recent issues, the number of decisions in force continues to increase, with the decision format tending to be longer given the use of summings up in lieu of formal decisions. Accordingly, it has become necessary to delete certain decisions that were included in earlier issues, that is, those that only completed or called for reviews of decisions, those that lapsed, and those that were superseded by more recent decisions. Wherever reference is made in these decisions and documents to a provision of the IMF’s Articles of Agreement or Rules and Regulations that has subsequently been renumbered by, or because of, the Second Amendment of the Fund’s Articles of Agreement (effective April 1, 1978), the corresponding provision currently in effect is cited in a footnote.

Review of the Flexible Credit Line, The Short Term Liquidity Line and the Precautionary and Liquidity Line, and Proposals for Reform

International Monetary,International Monetary Fund. Strategy, Policy, & Review Department
Review of the Flexible Credit Line The Short Term Liquidity Line and the Precautionary and Liquidity Line and Proposals for Reform Book PDF

Author : International Monetary,International Monetary Fund. Strategy, Policy, & Review Department
Publisher : International Monetary Fund
Page : 148 pages
File Size : 43,7 Mb
Release : 2023-10-06
Category : Business & Economics
ISBN : 9798400254703

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Review of the Flexible Credit Line, The Short Term Liquidity Line and the Precautionary and Liquidity Line, and Proposals for Reform by International Monetary,International Monetary Fund. Strategy, Policy, & Review Department Pdf

The Fund’s precautionary toolkit rests on the simple proposition that facilitating crisis prevention is far less costly than crisis resolution. Its value increases with systemic risk. Serial shocks to the global trading and financial systems pose significant and persistent headwinds for well-integrated emerging markets. An adequately funded global financial safety net (GFSN) with a suite of precautionary tools allows qualifying members to respond to balance of payments (BoP) shocks, reducing the incidence of crises and limiting contagion. The Fund is the only layer of the GFSN available to all members; other layers vary in their availability and externalities. In this context, the overarching objective of this review of the Flexible Credit Line (FCL), Short-term Liquidity Line (SLL), and Precautionary and Liquidity Line (PLL) is to ensure that the precautionary facilities toolkit (henceforth “the toolkit”) is fit for purpose for the challenges ahead.

Safeguards Assessment—2019 Update

Mr.George M Kabwe,Elie Chamoun,Riaan van Greuning,Mowele Mohlala,Ms.Julia Cardoso
Safeguards Assessment 2019 Update Book PDF

Author : Mr.George M Kabwe,Elie Chamoun,Riaan van Greuning,Mowele Mohlala,Ms.Julia Cardoso
Publisher : International Monetary Fund
Page : 23 pages
File Size : 54,5 Mb
Release : 2019-12-17
Category : Business & Economics
ISBN : 9781513523026

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Safeguards Assessment—2019 Update by Mr.George M Kabwe,Elie Chamoun,Riaan van Greuning,Mowele Mohlala,Ms.Julia Cardoso Pdf

Safeguards assessments are a key pillar of the risk management arrangements for IMF lending. Safeguards assessments aim to mitigate the risks of misuse of Fund resources and misreporting of program monetary data under Fund arrangements Safeguards assessment reports are confidential and therefore the IMF Executive Board is provided with a periodic report on safeguards activities on a biennial basis, in addition to high-level summaries in member country staff reports on key findings and recommendations. This update on safeguards activity covers the period May 2017 to end-April 2019 (the period).

Somalia

International Monetary Fund. Middle East and Central Asia Dept.
Somalia Book PDF

Author : International Monetary Fund. Middle East and Central Asia Dept.
Publisher : International Monetary Fund
Page : 111 pages
File Size : 44,8 Mb
Release : 2019-07-31
Category : Business & Economics
ISBN : 9781513509488

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Somalia by International Monetary Fund. Middle East and Central Asia Dept. Pdf

This paper discusses Somalia’s 2019 Article IV Consultation, Second Review Under the Staff-Monitored Program (SMP), and Request for New SMP. Program implementation of SMP III has been strong, with all but one structural benchmark and all indicative targets met. The authorities have requested a new 15-month SMP to cement reforms and support reaching the Heavily Indebted Poor Country decision point as soon as the necessary conditions are met. The new national development plan will outline the authorities’ priorities with respect to poverty reduction and inclusive growth. The consultation focused on policies to support higher and more inclusive growth, strengthen the medium-term fiscal framework, deepen the financial sector, increase economic resilience, and improve governance and the business environment. Discussions highlighted the need to implement a durable fiscal federal framework, establish a robust framework for effective natural resource management, and develop the medium-term fiscal framework. However, security and political risks, and climate shocks remain the main sources of risk.