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International Monetary Fund

Assessment (CPIA) score (average of 3.2 or lower) and/or experience of conflict (signaled by presence of a peace-keeping or peace-building operation in the most recent three-year period). 1 This approach identifies 39 FS, with half in Africa, and slightly under one-quarter each in Asia and the Pacific, and the Middle East and Central Asia ( Figure 1 ). Figure 1. The Distribution of Fragile States Sources: World Economic Outlook and Fund staff estimates. 3. Many FS members are locked in cycles of low administrative capacity, political instability, conflict

International Monetary Fund
This review examines experience in implementing the lessons drawn in the 2011 Board paper on the Fund’s engagement with countries in post-conflict and fragile situations (more commonly referred to as fragile states (FS)) and the ensuing 2012 Guidance Note. The focus is on capacity building, Fund facilities and program design, and policy support. The review identifies scope to improve the Fund’s engagement in selected areas.