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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.
International Monetary Fund
This paper reviews Bank-Fund staff experience with strengthening public debt management (PDM) frameworks and capacity in developing countries. In 2001, the IMF and the World Bank developed sound practice guidelines in this area, followed by a pilot program to assist 12 countries develop and implement reforms. In addition, an assessment of PDM has been incorporated into surveillance work, where relevant, and included in other Bank and Fund advisory and technical assistance work. Based on these, the paper draws key lessons, identifies the continuing challenges facing debt managers, and proposes further capacity building and advisory work in PDM. The 12 countries in the pilot program were Bulgaria, Colombia, Costa Rica, Croatia, Indonesia, Kenya, Lebanon, Nicaragua, Pakistan, Sri Lanka, Tunisia, and Zambia.
International Monetary Fund

This paper reviews Bank-Fund staff experience with strengthening public debt management (PDM) frameworks and capacity in developing countries. In 2001, the IMF and the World Bank developed sound practice guidelines in this area, followed by a pilot program to assist 12 countries develop and implement reforms. In addition, an assessment of PDM has been incorporated into surveillance work, where relevant, and included in other Bank and Fund advisory and technical assistance work. Based on these, the paper draws key lessons, identifies the continuing challenges facing debt managers, and proposes further capacity building and advisory work in PDM. The 12 countries in the pilot program were Bulgaria, Colombia, Costa Rica, Croatia, Indonesia, Kenya, Lebanon, Nicaragua, Pakistan, Sri Lanka, Tunisia, and Zambia.

International Monetary Fund

and Codes SDDS Special Data Dissemination Standard TA Technical Assistance TAC Technical Assistance Center TSA Treasury Single Account Executive Summary This paper reviews Bank-Fund staff experience with strengthening public debt management (PDM) frameworks and capacity in developing countries. In 2001, the IMF and the World Bank developed sound practice guidelines in this area, followed by a pilot program to assist 12 countries develop and implement reforms. In addition, an assessment of PDM has been

International Monetary Fund

single-day courses and seminars, including: “ Can We Explain Chinese and Indian Development Exceptionalism?”, about the institutional and political conditions fostering and hampering growth, by Arvind Subramanian “ Fragile by Design” , about the political economy forces that shape the structure of banking sectors across the world, by Charles Calomiris, Columbia GSB “ Inclusive Growth” by Philippe Aghion, Harvard. 1/ Prepared by ICD. 25. Good policy advice is also related to Fund staff experience with FS issues . One-in-two FS country authorities

International Monetary Fund. European Dept.

consultation. 1 See FATF, 2014, Mutual Evaluation of Luxembourg: 6 th Follow-up report. 2 The main tax crime in Luxembourg is the “escroquerie fiscale” as defined in Articles 396, paragraph 5, and 397 of the Tax Code. Additional tax offenses include the “fraude fiscale” (Article 396, paragraph 1, of the Tax Code) and offenses relating to indirect taxes, and customs and excise duties. 3 Fund staff experience and indications from some FATF members with supervisory frameworks that are generally considered to be effective suggest that onsite inspections

International Monetary Fund. European Dept.
This 2014 Article IV Consultation highlights that with a strong policy framework, Luxembourg has weathered the crisis well and the economy is rebounding. The fiscal position remains sound, and the large financial sector has been resilient. After a shallow recession in 2012, growth reached 2.1 percent in 2013. The improving economic and financial environment in Europe drove the recovery in services exports. The outlook is for growth to firm up but without returning to its pre-crisis trend. Output is forecast to grow broadly in line with potential (2 to 2½ percent) during 2014–2019.