Review Of Implementation Of The 2018 Framework For Enhanced Fund Engagement On Governance

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Review of Implementation of The 2018 Framework for Enhanced Fund Engagement on Governance

International Monetary,International Monetary Fund. Fiscal Affairs Dept.,International Monetary Fund. Legal Dept.,International Monetary Fund. Strategy, Policy, & Review Department
Review of Implementation of The 2018 Framework for Enhanced Fund Engagement on Governance Book PDF

Author : International Monetary,International Monetary Fund. Fiscal Affairs Dept.,International Monetary Fund. Legal Dept.,International Monetary Fund. Strategy, Policy, & Review Department
Publisher : International Monetary Fund
Page : 199 pages
File Size : 48,9 Mb
Release : 2023-04-11
Category : Business & Economics
ISBN : 9798400238017

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Review of Implementation of The 2018 Framework for Enhanced Fund Engagement on Governance by International Monetary,International Monetary Fund. Fiscal Affairs Dept.,International Monetary Fund. Legal Dept.,International Monetary Fund. Strategy, Policy, & Review Department Pdf

This paper reviews the implementation of the “2018 Framework for Enhanced Fund Engagement on Governance” (the “2018 Governance Framework”). The Board adopted the 2018 Governance Framework to promote a more systematic, effective, candid, and evenhanded engagement with member countries regarding corruption of macro critical dimensions and governance vulnerabilities that allow corruption. Building upon various sources of information, including surveys with key stakeholders, the paper provides a comprehensive stocktaking of the Fund’s work in governance and corruption since 2018, and makes specific proposals to further improve implementation of the Framework.

Progress In Implementing The Framework For Enhanced Fund Engagement On Governance

International Monetary Fund
Progress In Implementing The Framework For Enhanced Fund Engagement On Governance Book PDF

Author : International Monetary Fund
Publisher : INTERNATIONAL MONETARY FUND
Page : 59 pages
File Size : 55,9 Mb
Release : 2020-07-15
Category : Business & Economics
ISBN : 1513552805

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Progress In Implementing The Framework For Enhanced Fund Engagement On Governance by International Monetary Fund Pdf

This paper provides an interim update on implementation of the 2018 Framework for Enhanced Fund Engagement on Governance. This update is in advance of a comprehensive formal review of the Framework scheduled for mid-2021.

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 : 40,5 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.

Progress In Implementing The Framework For Enhanced Fund Engagement On Governance

International Monetary Fund
Progress In Implementing The Framework For Enhanced Fund Engagement On Governance Book PDF

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 47 pages
File Size : 48,9 Mb
Release : 2020-07-15
Category : Business & Economics
ISBN : 9781513550299

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Progress In Implementing The Framework For Enhanced Fund Engagement On Governance by International Monetary Fund Pdf

This paper provides an interim update on implementation of the 2018 Framework for Enhanced Fund Engagement on Governance. This update is in advance of a comprehensive formal review of the Framework scheduled for mid-2021.

Implementation Plan in Response to The Executive Board-Endorsed Recommendations From The IEO Evaluation on The IMF’s Pandemic Response

International Monetary Fund. Strategy, Policy, & Review Department
Implementation Plan in Response to The Executive Board Endorsed Recommendations From The IEO Evaluation on The IMF s Pandemic Response Book PDF

Author : International Monetary Fund. Strategy, Policy, & Review Department
Publisher : International Monetary Fund
Page : 21 pages
File Size : 41,5 Mb
Release : 2023-10-30
Category : Business & Economics
ISBN : 9798400259173

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Implementation Plan in Response to The Executive Board-Endorsed Recommendations From The IEO Evaluation on The IMF’s Pandemic Response by International Monetary Fund. Strategy, Policy, & Review Department Pdf

The Management Implementation Plan (MIP) proposes actions in response to the Board-endorsed recommendations provided by the Independent Evaluation Office (IEO)’s report on the IMF’s early response to the COVID pandemic. The two IEO recommendations aim for the Fund to (i) Develop special policies and procedures that could be quickly activated to address particular needs and circumstances of global crises and (ii) Take steps to reinforce the Fund’s institutional preparedness to deal with global crises and other large shocks. The MIP highlights how existing workstreams will be used to address part of the recommendations, specifically: (i) Drawing the lessons from the use of precautionary lending instruments during the pandemic and using them in the ongoing review of these facilities; (ii) Drawing the lessons from the implementation of governance safeguards in the context of covid-related emergency financing and respond to the actions identified in the final stocktaking; and (iii) Reviewing financial implications of covid-related lending on Poverty Reduction and Growth Trust (PRGT) resources in the regular updates on PRGT financing and resources. The MIP also defines new actions that aim to enhance the Fund’s preparedness to face future crises and are slated to be implemented by the end of FY25. These consists in: (i) Developing a crisis playbook, which will further codify Management’s commitment to an early participatory consultation with the Board in the event of a global crisis and inform the engagement with the Board on the broad strategy and institutional priorities for responding to the crisis; (ii) Enhancing the process of staff reallocation during a crisis through expanding the staff Talent Inventory to include skills and experience relevant in crises and examining HRD’s coordinating role in staff reallocation, as well as reviewing how recruitment processes could be made more agile in a crisis; (iii) Developing a strategy for surge capacity of the Crisis Management Team; (iv) Reviewing the experience of pandemic-related lending to low-income countries to consider the adequacy of access norms and the possible need for enhancements of the low-income lending toolkit against the long-term financial sustainability of the PRGT; and (v) Exploring ways to further strengthen the coordination with partners, especially the World Bank.

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 : 47,9 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.

2023 Review of The Fund’s Anti-Money Laundering and Combating The Financing of Terrorism Strategy

International Monetary Fund. Legal Dept.
2023 Review of The Fund s Anti Money Laundering and Combating The Financing of Terrorism Strategy Book PDF

Author : International Monetary Fund. Legal Dept.
Publisher : International Monetary Fund
Page : 56 pages
File Size : 51,8 Mb
Release : 2023-12-05
Category : Business & Economics
ISBN : 9798400258763

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2023 Review of The Fund’s Anti-Money Laundering and Combating The Financing of Terrorism Strategy by International Monetary Fund. Legal Dept. Pdf

This paper reviews the Fund’s efforts to safeguard financial integrity and proposes the way forward for the Fund’s Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) Strategy. For over 20 years, the IMF has recognized that effective AML/CFT frameworks, and financial integrity more broadly, are key to the soundness and stability of the financial sector and to prevent the negative macroeconomic implications of financial crimes on the broader economy of members, progressively integrating this work across all its core functions and in a broad set of Fund policies. The paper takes stock of the implementation of the IMF's AML/CFT strategy since 2018. It also proposes deepening the integration of financial integrity issues and an enhanced focus on the macroeconomic impact of AML/CFT issues for the way forward.

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 : 40,6 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.

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 : 52,5 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.

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 : 53,7 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.

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 : 55,5 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.

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 : 43,5 Mb
Release : 2018-04-22
Category : Social Science
ISBN : 9781498308601

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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.

FY2025–FY2027 Medium-Term Budget

International Monetary Fund. Office of Budget and Planning
FY2025 FY2027 Medium Term Budget Book PDF

Author : International Monetary Fund. Office of Budget and Planning
Publisher : International Monetary Fund
Page : 63 pages
File Size : 55,9 Mb
Release : 2024-05-10
Category : Business & Economics
ISBN : 9798400275760

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FY2025–FY2027 Medium-Term Budget by International Monetary Fund. Office of Budget and Planning Pdf

The Executive Board of the International Monetary Fund approved the 2025-27 financial years (FY25-27) medium-term budget. While the global economy has shown resilience to successive adverse shocks, the overall global economic context remains complex with slow and uneven growth, increased fragmentation, deepening divergence, and still high interest rates despite easing inflationary pressures. Against this backdrop, the FY25-27 budget continues to be guided by principles of agility and budget discipline, reinforced by ongoing reprioritization and savings capture. It also builds on strong cooperation with other institutions, ensuring the Fund continues to focus on areas within its mandate, even as it addresses new demands. Work to strengthen internal operations also continue, focusing on both efficiency and effectiveness in meeting changing needs in the post-pandemic workplace, where rapid technological changes are underway. With significant demands within a constrained budget environment, the budget reflects difficult tradeoffs.

FY2024-FY2026 Medium-Term Budget

International Monetary Fund. Office of Budget and Planning
FY2024 FY2026 Medium Term Budget Book PDF

Author : International Monetary Fund. Office of Budget and Planning
Publisher : International Monetary Fund
Page : 65 pages
File Size : 53,5 Mb
Release : 2023-06-02
Category : Business & Economics
ISBN : 9798400244353

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FY2024-FY2026 Medium-Term Budget by International Monetary Fund. Office of Budget and Planning Pdf

FY2024-FY2026 Medium-Term Budget

FY2023—Output Cost Estimates and Budget Outturn

International Monetary Fund. Office of Budget and Planning
FY2023 Output Cost Estimates and Budget Outturn Book PDF

Author : International Monetary Fund. Office of Budget and Planning
Publisher : International Monetary Fund
Page : 44 pages
File Size : 55,6 Mb
Release : 2023-11-03
Category : Business & Economics
ISBN : 9798400259470

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FY2023—Output Cost Estimates and Budget Outturn by International Monetary Fund. Office of Budget and Planning Pdf

The paper presents highlights from the FY 2023 budget, followed by a discussion of outputs based on the Fund Thematic Categories and of inputs.