Japan has provided grant contributions to support the IMF’s technical assistance to member countries since 1990. In 1997, the administered account was amended in order to widen the scope of activities for which contributions could be made to finance other IMF activities in Asia and the Pacific carried out through its Regional Office for Asia and the Pacific in Tokyo.
This paper reports a brief description of the IMF and its activities, focusing in particular on its technical assistance activities. The report describes in detail the Japan Administered Account for Selected Fund Activities (JSA)—its objectives, size, scope and use, as well as assessments of its activities, with a focus on fiscal year 2004—and the scholarship programs that it finances. The IMF finances its technical assistance for its member countries mainly from its own budgetary resources; it also receives external financing from bilateral and multilateral partners. JSA resources can be used to cover the costs of short- and long-term technical assistance experts and those providing seminars and workshops. In addition, JSA projects in two or three countries are visited and reviewed each year by a joint Japan-IMF mission. These visits provide the Japanese authorities with a firsthand view of how JSA funding is being used in the field.
This report presents the analysis, findings, conclusions and recommendations of the evaluation of the Pacific Financial Technical Assistance Center (PFTAC) that was undertaken between April 26 and May 14, 2004.
and the access to its services is limited by the lack of sufficient resources that is available to PFTAC. It is recommended that all future reform work be preceded by a gap analysis (ROSC) that results in a reform strategy and action plan developed in conjunction with the appropriate FEM agency or agencies in the host PIC.
A. Front Office
1. There is a persistent view that IMFstaffcost more than other donors. While this may be true in some donor cases, the total costs of the resident advisors is comparable to that of expert officials
International Monetary Fund. Middle East and Central Asia Dept.
The economy is growing steadily, benefiting from a benign regional environment, particularly in Russia, the source of most remittances and non-gold export receipts. Low inflation, lower fiscal deficits, and a stable banking sector point to the success of stabilization policies implemented by the government and National Bank of the Kyrgyz Republic (NBKR, the central bank) under eight successive Fund-supported programs. However, the economy remains vulnerable to external shocks because of the high level of remittances (29 percent of GDP), the concentration of exports on gold (37 percent of exports of goods), the level and composition of the public debt (56 percent of GDP, 4/5 of which is denominated in foreign currency), and the level of the current account deficit (8.7 percent of GDP). In addition, economic growth has been insufficient to significantly raise living standards and continue to reduce poverty.