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International Monetary Fund. Institute for Capacity Development and International Monetary Fund. Legal Dept.
The Staff Operational Guidance on Dissemination of Capacity Development Information sets forth procedures on the dissemination of capacity development information, based on the objectives of wider, more active, and timelier sharing of information while safeguarding the Fund’s candor and role as trusted advisor. The guidance draws from internal consultations and Executive Directors’ views on the Updated Framework on the Dissemination of Capacity Development Information.
International Monetary Fund
The IMF’s capacity development (CD) information dissemination policy needs to adapt to a new landscape. The Fund is providing more CD and producing greater and more diverse types of CD-related information. Meanwhile, the external landscape has also evolved, as members, partners, and other CD providers increasingly expect greater transparency and access to information. This paper sets out envisaged reforms to further widen the dissemination and publication of CD information.
International Monetary Fund

formalized in the 2009 Staff Operational Guidelines on Dissemination of Technical Assistance Information (“Operational Guidelines”), which were updated in 2013 and 2020. This paper sets out envisaged reforms to further widen the dissemination and publication of CD information. The specific reforms include: Broadening the CD dissemination policy’s scope, including by creating a category of “final CD output,” which expands coverage to all CD information, including TA advice, training, and other forms of CD output. Moving towards the default publication of high

International Monetary Fund. Institute for Capacity Development and International Monetary Fund. Legal Dept.

have started prior to May 1, 2022. The production of high-level summaries will only be required for strategic final CD output resulting from new CD projects that start on or after May 1, 2022. B. Substantive Scope 2. This guidance applies to the dissemination within and outside the Fund of all CD information (excluding the ones covered under paragraphs 4 and 5). Table 1 shows the non-exhaustive categories of CD information that are subject to the guidance. These categories may be specific to a country or CD recipient or not specific to a country or CD

International Monetary Fund

to protect information. Wider dissemination should also be balanced with the risk of staff becoming less candid in their assessments and recommendations. Finally, wider dissemination, particularly via publication, may also require more staff time and resources to finalize and translate materials. 4. The update clarifies which types of final CD outputs require consent for their dissemination. 2 As noted above, the authoring department’s role as a trusted advisor implies that the advice could include information that the authoring department or the CD recipient

International Monetary Fund. Institute for Capacity Development and International Monetary Fund. Legal Dept.

Output E. Final CD Output IMPLEMENTATION OF THE GUIDANCE A. General Issues B. Reference to Guidance Upon Requests for CD C. Categorization of CD Information and Recipients of Information D. Joint Products E. Coming into Force of Guidance BOX 1. Dissemination of CD Information to Fund Staff TABLE 1. Categories of CD Information APPENDICES I. Policy Application by Information Type and Non-Fund Staff Audience II. Model Transmittal Letter (Ex-Post)—Fund Assessment of CD Delivery III. Model Disclaimer IV. Model Disclaimer—Expectation of

International Monetary Fund. Office of Budget and Planning

.6 1.7 Sources: OBP, Analytic Costing and Estimation System (ACES). Staff estimations. 1/ Support and governance costs are allocated to outputs. FY22 numbers reflect the split of CD output codes to Direct Delivery, A&D, policy work, and M&A, as well as the CCE account treatment. 2/ The “Miscellaneous” classification includes expenditures that currently cannot be properly allocated to specific outputs within the ACES model. Difference to FTF allocation represents mapping of direct departmental costs to IMF governance. Table 5b

International Monetary Fund. Finance Dept. and International Monetary Fund. Monetary and Capital Markets Department

arises from the recording of some benefits for long-term experts as Fund-financed; missing or non-CD output for some externally-financed expenses; and timing and standard cost differences. 1/ Outturn and budget exclude a trust fund management fee of 7 percent. In-kind contributions to the Regional Training Centers (RTCs) are excluded. B. Sources of External Funding 4. Over the last three years, the top 25 partners contributed 88 percent of total external funding ( Table 2 ). The top five partners each contributed more than five percent of the total

Matteo Ghilardi and Raffaele Rossi
It has been shown that under perfect competition and a Cobb-Douglas production function, a basic real business cycle model may exhibit indeterminacy and sunspot fluctuations when income tax rates are determined by a balanced-budget rule. This paper introduces in an otherwise standard real business cycle model a more general and data coherent class of production functions, namely a constant elasticity of substitution production function. We show that the degree of substitutability between production factors is a key ingredient to understand the (de)stabilising properties of a balanced-budget rule. Then we calibrate the model consistently with the empirical evidence, i.e. we set the elasticity of substitution between labour and capital below unity. We show that compared to the Cobb-Douglas case, the likelihood of indeterminacy under a balanced-budget rule is greatly reduced in the United States, the European Union and the United Kingdom.