Safeguards Assessments-2008 Update
Safeguards Assessments-2008 Update

Author: International Monetary Fund. Finance Dept.

Publisher: International Monetary Fund

Published: 2008-12-23

Total Pages: 28

ISBN-13: 1498333869

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Safeguards Activities. In the year to June 30, 2008, 10 safeguards assessments were conducted bringing the total number of assessments completed since 2000 to 122. At year-end, 72 central banks were subject to ongoing safeguards monitoring. Assessment activity has also included several recent high-profile cases of misreporting or misuse, along with intensive analysis of special audit reports initiated in such cases. In the latter part of 2008, staff developed modalities for expedited safeguards assessments under the Emergency Financing Mechanism.

Safeguards Assessments—2009 Update
Safeguards Assessments—2009 Update

Author: International Monetary Fund. Finance Dept.

Publisher: International Monetary Fund

Published: 2009-12-15

Total Pages: 22

ISBN-13: 1498335055

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This paper provides Executive Directors with an update of safeguards assessment activities from July 1, 2008 through June 30, 2009. In common with previous updates, it covers the various types of safeguards activities undertaken during the year, highlighting the increased activity associated with the “twin crises” of food and fuel price shocks and the global financial crisis during 2008/09. It also briefly discusses developments in the latter part of that year, including the separate safeguards procedures introduced for members accessing the Flexible Credit Line (FCL).

Safeguards Assessments - 2007 Update
Safeguards Assessments - 2007 Update

Author: International Monetary Fund. Finance Dept.

Publisher: International Monetary Fund

Published: 2007-11-10

Total Pages: 18

ISBN-13: 149833329X

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This paper provides Executive Directors with an update of safeguards assessment activities from July 1, 2006 through June 30, 2007. This is the second annual update report of safeguards activities since the last review of the safeguards policy in April 2005. The next review of the policy by the Executive Board is scheduled for 2008.

Safeguards Assessments - 2013 Update
Safeguards Assessments - 2013 Update

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2013-07-10

Total Pages: 15

ISBN-13: 1498341225

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The safeguards policy, introduced in 2000, is designed to reduce the risks of misuse of Fund resources and misreporting of program monetary data to the Fund. It supports the Fund’s approach to prudent lending and complements other safeguards, including program design, conditionality, and access limits. Safeguards assessments are required for almost all member countries seeking Fund financing, and are followed by a period of monitoring for as long as Fund credit is outstanding

Safeguards Assessments - 2012 Update
Safeguards Assessments - 2012 Update

Author: International Monetary Fund. Finance Dept.

Publisher: International Monetary Fund

Published: 2012-08-31

Total Pages: 16

ISBN-13: 1498339913

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The safeguards policy was introduced in 2000 to reduce the risks of misuse of Fund resources and misreporting of program monetary data to the Fund. It supports the Fund’s approach to prudent lending and complements other safeguards such as program design, conditionality, and access limits, to name a few. Some 242 assessments of 92 central banks have been completed since 2000. Assessments are followed by a period of monitoring for as long as Fund credit is outstanding.

Safeguards Assessments - 2011 Update
Safeguards Assessments - 2011 Update

Author: International Monetary Fund. Finance Dept.

Publisher: International Monetary Fund

Published: 2011-09-16

Total Pages: 14

ISBN-13: 1498338461

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Under the Fund’s safeguards policy introduced in 2000, assessments of central banks are carried out for countries seeking financing from the IMF. They are part of the Fund’s approach to prudent lending and complement the Fund’s other safeguards such as program design, conditionality, and access limits, to name a few. The assessments aim to provide reasonable assurance that governance and controls can protect Fund resources from misuse and guard against misreporting of monetary data used for program monitoring purposes.

The Safeguards Policy - Independent Panel's Advisory Report
The Safeguards Policy - Independent Panel's Advisory Report

Author: International Monetary Fund. Legal Dept.

Publisher: International Monetary Fund

Published: 2010-11-08

Total Pages: 40

ISBN-13: 1498337163

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In March 2009, the Fund established a new Framework Administered Account to administer external financial resources for selected Fund Activities (the “SFA Instrument”). The financing of activities under the terms of the SFA Instrument is implemented through the establishment and operation of a subaccount within the SFA. This paper requests Executive Board approval to establish the Kuwait Subaccount for Selected Fund Activities (the “Subaccount”) under the terms of the SFA instrument.

Safeguards Assessments Policy - External Expert Panel's Advisory Report
Safeguards Assessments Policy - External Expert Panel's Advisory Report

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2015-09-24

Total Pages: 39

ISBN-13: 1498344178

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This report by the external expert panel (“the panel”) examines the effectiveness and appropriateness of the safeguards assessments policy in the five years since its last review in 2010. In addition to expressing an opinion on the effectiveness and appropriateness of the safeguards assessment policy, the panel also makes recommendations to the Executive Board for its consideration to improve and optimize the benefits to be garnered from the safeguards assessment policy. The panel’s opinion is based on (i) consultations with key stakeholders, including central bank authorities, IMF Executive Directors’ offices, Fund and World Bank staff; (ii) examination of safeguards assessment and other Fund-specific documents; and (iii) study of international reference materials.

Safeguards Assessments - Review of Experience
Safeguards Assessments - Review of Experience

Author: International Monetary Fund. Finance Dept.

Publisher: International Monetary Fund

Published: 2010-11-08

Total Pages: 52

ISBN-13: 1498337198

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This paper presents the Fund’s net income outcome for FY 2010. The actual outcomes in this paper follow the closing of the Fund’s accounts for the financial year and completion of the FY 2010 external audit conducted by Deloitte & Touche, the Fund’s external auditor. The paper also provides an update on the restructuring costs incurred during FY 2010.

Democratic Republic of the Congo
Democratic Republic of the Congo

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2010-03-31

Total Pages: 121

ISBN-13: 1455203424

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This paper discusses a Request from Congo for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF) program. Growth in Congo in 2008 was strong, but weakened by the onset of the global financial crisis during the second half of the year that resulted in a deterioration of the country’s terms of trade and large job losses in the mining sector. Macroeconomic policies for the rest of 2009 and 2010 aim at reducing inflation while mitigating the impact of the global financial sector on the economy.