Showing posts with the label IMF News.

IMF News | IMF Executive Board Discusses "2018 Review of Program Design and Conditionality"

11-14 minutes May 20, 2019 On May 3, 2019, the Executive Board of the International Monetary Fund (IMF) discussed staff papers reviewing the design, conditionality, and performance of IMF-supported programs ongoing during the period September 2011 to end-2017. The review documents consist of a main paper that presents the key findings and recommendations, a background supplement that provides additional information on the survey results, additional areas of analysis and methodological material, and a paper with in-depth case studies in the key analytical areas. Background The 2018 Review of Program Design and Conditionality (hereinafter the “RoC”) is the latest periodic assessment of IMF-supported programs undertaken by the Executive Board and Fund staff. The RoC examines the performance of Fund-supported programs ongoing between September 2011 and end-2017. It is the firs

IMF News: IMF Executive Board Completes Second Review Under the Policy Coordination Instrument for Seychelles

December 7, 2018 The implementation of the program, that outlines the main Seychelles’ economic and financial policies, is largely on track. While rising international fuel prices could adversely affect inflation and external balance, the economic outlook continues to be favorable. On December 7, 2018, the Executive Board of the International Monetary Fund (IMF) completed the second review under the Policy Coordination Instrument (PCI [1] ) for Seychelles. Seychelles is the first IMF member country to request a PCI. It was approved by the Executive Board on December 13, 2017 and aims to support the authorities’ efforts to reinforce macroeconomic stability and foster growth. Economic developments since the last IMF review completed in June 2018 have been broadly in line with expectations. The program is largely on track and authorities remain committed to safeguarding the hard-won economic stability. The Centra

Spain: IMF Staff Concluding Statement of the 2018 Article IV Mission I IMF News October 3, 2018 A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments. The authorities have consented to the publication of this statement. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be present