Review Of The Climate Macroeconomic Assessment Program Pilots

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Review of the Climate Macroeconomic Assessment Program Pilots

Author : International Monetary Fund. Fiscal Affairs Dept.,International Monetary Fund. Strategy, Policy, & Review Department
Publisher : International Monetary Fund
Page : 34 pages
File Size : 41,6 Mb
Release : 2023-06-16
Category : Business & Economics
ISBN : 9798400243387

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Review of the Climate Macroeconomic Assessment Program Pilots by International Monetary Fund. Fiscal Affairs Dept.,International Monetary Fund. Strategy, Policy, & Review Department Pdf

This paper reviews the two Climate Macroeconomic Assessment Program (CMAP) pilots and proposes a way forward. It builds on the experience of the previous six Climate Change Policy Assessment (CCPA) pilots, and the recent rollout of the World Bank’s Country Climate and Development Report (CCDR). It also accounts for early experience with countries requesting support under the Fund’s Resilience and Sustainability Trust (RST). Based on the lessons from pilots and recent developments, staff proposes to streamline the CMAP to focus on the Fund’s comparative advantages in the areas of mitigation, PFM and macro-fiscal impact of climate change policies, provide a streamlined CMAP in exceptional circumstances, and expand more targeted CD in particular in support of RSF countries. This focused and tailored approach would benefit members as it is more agile, allows the Fund to serve more members within the same resource envelope and enhance synergies with other Fund products and the World Bank’s CCDR.

Macroeconomic and Financial Policies for Climate Change Mitigation: A Review of the Literature

Author : Signe Krogstrup,William Oman
Publisher : International Monetary Fund
Page : 58 pages
File Size : 44,6 Mb
Release : 2019-09-04
Category : Business & Economics
ISBN : 9781513512921

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Macroeconomic and Financial Policies for Climate Change Mitigation: A Review of the Literature by Signe Krogstrup,William Oman Pdf

Climate change is one of the greatest challenges of this century. Mitigation requires a largescale transition to a low-carbon economy. This paper provides an overview of the rapidly growing literature on the role of macroeconomic and financial policy tools in enabling this transition. The literature provides a menu of policy tools for mitigation. A key conclusion is that fiscal tools are first in line and central, but can and may need to be complemented by financial and monetary policy instruments. Some tools and policies raise unanswered questions about policy tool assignment and mandates, which we describe. The literature is scarce, however, on the most effective policy mix and the role of mitigation tools and goals in the overall policy framework.

Thirteenth Periodic Monitoring Report on The Status of Management Implementation Plans in Response to Board-Endorsed IEO Recommendations

Author : International Monetary Fund. Office of Internal Audit
Publisher : International Monetary Fund
Page : 101 pages
File Size : 43,8 Mb
Release : 2023-12-08
Category : Business & Economics
ISBN : 9798400261510

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Thirteenth Periodic Monitoring Report on The Status of Management Implementation Plans in Response to Board-Endorsed IEO Recommendations by International Monetary Fund. Office of Internal Audit Pdf

Overall, progress has been made since the Twelfth PMR on actions in response to eight IEO evaluations, with the pace of implementation being faster on actions October 31, 2023 THIRTEENTH PERIODIC MONITORING REPORT 2 INTERNATIONAL MONETARY FUND contained in the MIP in Response to the Executive Board-Endorsed Categorization of Open Actions in Management Implementation Plans. It is also worth mentioning that many open actions depend on the implementation of some important reviews/key steps that are expected to be completed in or soon after December 2023, such as the Capacity Development (CD) Strategy Review, the issuance of a new CD Guidance Note, an update of the Small Developing States Staff Guidance Note (SDS-SGN), the Operational Guidance Note (OGN) on Program Design and Conditionality, and a Board paper on Bank-Fund collaboration.

After Paris

Author : Mrs.Mai Farid,Mr.Michael Keen,Mr.Michael G. Papaioannou,Ian W.H. Parry,Ms.Catherine A Pattillo,Anna Ter-Martirosyan
Publisher : International Monetary Fund
Page : 46 pages
File Size : 52,7 Mb
Release : 2016-01-11
Category : Business & Economics
ISBN : 9781513506562

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After Paris by Mrs.Mai Farid,Mr.Michael Keen,Mr.Michael G. Papaioannou,Ian W.H. Parry,Ms.Catherine A Pattillo,Anna Ter-Martirosyan Pdf

This paper discusses the implications of climate change for fiscal, financial, and macroeconomic policies. Most pressing is the use of carbon taxes (or equivalent trading systems) to implement the emissions mitigation pledges submitted by 186 countries for the December 2015 Paris Agreement while providing revenue for lowering other taxes or debt. Carbon pricing in developing countries would effectively mobilize climate finance, and carbon price floor arrangements are a promising way to coordinate policies internationally. Targeted fiscal measures that are tailored to national circumstances and robust across climate scenarios are needed to counter private sector under-investment in climate adaptation. And increased disclosure of carbon footprints, stress testing of asset values, and greater proliferation of hedging instruments, will facilitate low-emission investments and climate risk diversification through financial markets.

Samoa: Technical Assistance Report—Climate Macroeconomic Assessment Program

Author : International Monetary,International Monetary Fund. Fiscal Affairs Dept.
Publisher : International Monetary Fund
Page : 62 pages
File Size : 51,8 Mb
Release : 2022-03-21
Category : Business & Economics
ISBN : 9798400205569

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Samoa: Technical Assistance Report—Climate Macroeconomic Assessment Program by International Monetary,International Monetary Fund. Fiscal Affairs Dept. Pdf

Samoa is highly exposed to natural hazards such as tropical cyclones, earthquakes, tsunamis, droughts, and floods. These damage economic growth and impact debt sustainability adversely. Increasing frequency and intensity of coastal storms are likely to amplify damage to infrastructure and livelihoods. Slow-moving climate stresses such as sea level rise and increasing heat hazard are also likely to impact potential growth in the main economic sectors such as agriculture, fisheries, and tourism.

FY2023-FY2025 Medium-Term Budget

Author : International Monetary,International Monetary Fund. Office of Budget and Planning
Publisher : International Monetary Fund
Page : 56 pages
File Size : 40,8 Mb
Release : 2022-05-27
Category : Business & Economics
ISBN : 9798400211775

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FY2023-FY2025 Medium-Term Budget by International Monetary,International Monetary Fund. Office of Budget and Planning Pdf

FY2023-FY2025 Medium-Term Budget

FY2025–FY2027 Medium-Term Budget

Author : International Monetary Fund. Office of Budget and Planning
Publisher : International Monetary Fund
Page : 63 pages
File Size : 50,8 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

Author : International Monetary Fund. Office of Budget and Planning
Publisher : International Monetary Fund
Page : 65 pages
File Size : 51,6 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

Republic of Madagascar: First Review Under the Extended Credit Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Republic of Madagascar

Author : International Monetary,International Monetary Fund. African Dept.
Publisher : International Monetary Fund
Page : 112 pages
File Size : 53,7 Mb
Release : 2022-03-16
Category : Business & Economics
ISBN : 9798400203909

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Republic of Madagascar: First Review Under the Extended Credit Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Republic of Madagascar by International Monetary,International Monetary Fund. African Dept. Pdf

Madagascar continues to be severely affected by the COVID-19 pandemic. After a contraction of GDP estimated at 7.1 percent in 2020, the economic recovery has been sluggish, partly reflecting a delayed reopening of the economy. Postponement of some external budget support, following delays in structural reforms, will open a fiscal financing gap in 2022.

Review of the Fund’s Capacity Development Strategy—Towards a More Flexible, Integrated, and Tailored Model

Author : International Monetary Fund. Institute for Capacity Development
Publisher : International Monetary Fund
Page : 81 pages
File Size : 55,8 Mb
Release : 2024-04-09
Category : Business & Economics
ISBN : 9798400270697

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Review of the Fund’s Capacity Development Strategy—Towards a More Flexible, Integrated, and Tailored Model by International Monetary Fund. Institute for Capacity Development Pdf

Capacity Development (CD), comprising technical assistance and training, fosters economic development by improving human capital and institutions in member countries. Every five years, the IMF reviews its CD Strategy to ensure that CD continues to be of high quality and well-focused on the needs of its members. This review calls for CD to become more flexible, integrated with the Fund’s policy advice and lending, and tailored to respond to member needs. The review benefitted from the recent independent evaluation of the Fund’s CD and a wide range of inputs, including internal and external consultations, surveys of recipients and development partners, staff background studies and recommendations of an External Advisory Group. The vision for CD is informed by the Fund’s comparative advantages and surveillance priorities. The proposals of the current review center around the six key areas: (1) strengthening CD prioritization and integration; (2) enhancing the funding model; (3) strengthening monitoring and evaluation; (4) modernizing modalities; (5) enhancing field presence; and (5) strengthening human resources policies for staff working on CD.

Republic of Madagascar

Author : International Monetary
Publisher : International Monetary Fund
Page : 156 pages
File Size : 45,8 Mb
Release : 2023-03-21
Category : Electronic
ISBN : 9798400236013

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Republic of Madagascar by International Monetary Pdf

Republic of Madagascar: 2022 Article IV Consultation, Third Review Under The Extended Credit Facility Arrangement, and Requests for A Waiver of Nonobservance of Performance Criteria and Modification of Performance Criteria-Press Release; Staff Report

Strengthening Infrastructure Governance for Climate-Responsive Public Investment

Author : International Monetary,International Monetary Fund. Fiscal Affairs Dept.
Publisher : International Monetary Fund
Page : 38 pages
File Size : 43,8 Mb
Release : 2021-12-22
Category : Business & Economics
ISBN : 9781616355098

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Strengthening Infrastructure Governance for Climate-Responsive Public Investment by International Monetary,International Monetary Fund. Fiscal Affairs Dept. Pdf

Countries have committed, through the Paris Agreement and the Sustainable Development Goals (SDGs), to pursue climate targets and policies that would limit global temperature rise to well below 2 degrees Celsius, compared to pre-industrial levels. A shift toward green public investment will help to mitigate greenhouse gas (GHG) emissions. In addition, substantial public investment will be necessary to build public infrastructure that makes economies more resilient to climate change and related natural disasters. Climate change mitigation and adaptation challenges thus compound preexisting needs for public investment to foster the economic recovery from the pandemic and to meet the SDGs in a broader range of areas, often in a context of limited fiscal space. Against this backdrop, a priority for all countries is to manage their public investment efficiently and effectively. To help countries improve the institutions and processes for infrastructure governance (the planning, allocation, and implementation of public investment), the IMF developed in 2015 the Public Investment Management Assessment (PIMA), which has already been applied in over 70 countries. However, the current PIMA does not provide a sufficiently tailored assessment of how public investment management can support climate change mitigation and adaptation. To fill this gap, this paper introduces a new module to the to the current Public Investment Management Assessment (PIMA) framework, the “Climate-PIMA” (C-PIMA), whose goal is to help governments identify potential improvements in public investment institutions and processes to build low-carbon and climate-resilient infrastructure.

Implementation Plan in Response To The Board-Endorsed Recommendations From The IEO Evaluation Report On IMF Collaboration With The World Bank On Macro-Structural Issues

Author : International Monetary,International Monetary Fund. Strategy, Policy, & Review Department
Publisher : International Monetary Fund
Page : 24 pages
File Size : 54,5 Mb
Release : 2021-10-12
Category : Business & Economics
ISBN : 9781513598215

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Implementation Plan in Response To The Board-Endorsed Recommendations From The IEO Evaluation Report On IMF Collaboration With The World Bank On Macro-Structural Issues by International Monetary,International Monetary Fund. Strategy, Policy, & Review Department Pdf

This Management Implementation Plan (MIP) focuses on further strengthening collaboration between the IMF and the World Bank on strategic macro-structural issues. In macro-structural areas, the Fund and the Bank have complementary roles. The Bank provides structural and development-focused assessments and recommendations, while the Fund focuses on integrating macro relevant structural issues in the macroeconomic frameworks and policies. In some areas, including financial sector and public debt sustainability assessments, Bank-Fund collaboration modalities are well established. In other areas, such as climate change, Fund staff is developing comprehensive strategies on how the IMF can step up its engagement and collaboration with external partners, including with the World Bank, to better serve its membership. This MIP proposes concrete steps aimed at further enhancing: • Bank-Fund collaboration on strategic macro-structural issues, with an initial focus on the climate workstream; • Fund staff’s incentives for collaboration with external partners, including the Bank • Access to and exchange of information and knowledge between Bank and Fund staff.

2021 Financial Sector Assessment Program Review —Background Paper On Scope

Author : International Monetary,International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 41 pages
File Size : 47,7 Mb
Release : 2021-06
Category : Business & Economics
ISBN : 9781513583006

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2021 Financial Sector Assessment Program Review —Background Paper On Scope by International Monetary,International Monetary Fund. Monetary and Capital Markets Department Pdf

This background paper reviews the development of the scope of financial stability assessments under the FSAP since the 2014 FSAP Review. The paper summarizes past experiences of such adaptation and observed trends with respect to the coverage of specific topics and then discusses possible directions to adjust the scope of future FSAPs over the next five years given the likely changes in the financial stability landscape. The paper also discusses collaboration with the World Bank as it pertains to the scope of financial stability assessments. It does not examine issues such as analytical approaches, participation, and resources, which are covered elsewhere in the FSAP Review.

Climate-Sensitive Management of Public Finances—"Green PFM”

Author : Mr. Fabien Gonguet,Mr. Claude P Wendling,Ozlem Aydin Sakrak,Bryn Battersby
Publisher : International Monetary Fund
Page : 21 pages
File Size : 51,5 Mb
Release : 2021-08-11
Category : Business & Economics
ISBN : 9781513583044

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Climate-Sensitive Management of Public Finances—"Green PFM” by Mr. Fabien Gonguet,Mr. Claude P Wendling,Ozlem Aydin Sakrak,Bryn Battersby Pdf

Public financial management (PFM) consists of all the government’s institutional arrangements in place to facilitate the implementation of fiscal policies. In response to the growing urgency to fight climate change, “green PFM” aims at adapting existing PFM practices to support climate-sensitive policies. With the cross-cutting nature of climate change and wider environmental concerns, green PFM can be a key enabler of an integrated government strategy to combat climate change. This note outlines a framework for green PFM, emphasizing the need for an approach combining various entry points within, across, and beyond the budget cycle. This includes components such as fiscal transparency and external oversight, and coordination with state-owned enterprises and subnational governments. The note also identifies principles for effective implementation of a green PFM strategy, among which the need for a strong stewardship located within the ministry of finance is paramount.