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International Monetary Fund. Asia and Pacific Dept

’s TA strategy is guided by the APD regional strategy and is planned within the results framework for current PFTAC funding cycle . 3 This strategy was discussed with the authorities in June 2011 . PFTAC TA aims to support the authorities sustain progress on fiscal consolidation and to improve the macroeconomic environment . PFTAC will continue to work closely with the broader development partner group to ensure coherence and will aim to support implementation of actions in the development partners’ budget support reform matrix. Inputs are expected in all sectors

International Monetary Fund. Asia and Pacific Dept

-15, the authorities compiled data with the support of Pacific Financial Technical Assistance Centre technical assistance (PFTAC TA). Most macroeconomic data remain unpublished even though they are provided to staff. Despite additional recruitment, the capacity of the National Bureau of Statistics (NBS) is limited, and Nauru has continued to rely on technical assistance and donor support in compiling data. National accounts : Annual GDP estimates have improved with the support of PFTAC TA during 2014–15 as part of the IMF membership preparation. The latest TA

International Monetary Fund. Asia and Pacific Dept

while the authorities work with partners to develop a joint policy matrix to underpin future budget support. Tuvalu became an IMF and World Bank member in 2009. PFTAC TA has been moderate and concentrated in the revenue and statistics sectors . Recent PFTAC TA has been focused on assisting the authorities achieve the gains planned from revenue reforms through on-the-job assistance in revenue administration following the completion of an ADB project that supported the PFTAC-designed reforms. There has also been significant assistance in developing national accounts

International Monetary Fund

other things, strengthening of public financial management in particular with regard to the management of natural resource revenues. Solomon Islands has been a moderate user of PFTAC TA . Despite the large international presence, mainly through RAMSI which caters for much of the technical assistance needs in the government, PFTAC has made specific technical contributions in particular with regard to the fiscal regime for natural resources. In the PFM area, PFTAC has also contributed to a World Bank-led PER and provided follow up support to a revision of accounting

International Monetary Fund

national income and balance of payments statistics were also developed. Strategy 2011-13 PFTAC’s TA strategy is guided by the APD regional strategy note and is planned within the results framework for current PFTAC (Phase IV) FY2011-16 funding cycle . 2 PFTAC TA aims to support the authorities sustain progress on fiscal consolidation and strengthen the financial sector. Priorities will be strengthening revenue administration and, in close coordination with AsDB, strengthening PFM. Continued strengthening of financial sector supervision will also be required. In

International Monetary Fund. Asia and Pacific Dept

challenges. PFTAC TA will support the authorities efforts to move towards long-term fiscal sustainability , building on the foundations laid by previous assistance and training: In the PFM area , the focus of past support has been to assist the authorities with implementation of their PFM roadmap, but most recently the authorities’ efforts have been directed to the planning and implementation of a Financial Management Information System (FMIS) funded by the World Bank. Provision has been made in the workplan for an in-person mission late in FY2022 to help improve

International Monetary Fund. Asia and Pacific Dept

international and fiscal reserves increased, on the back of increased logging and mining, but also due to better fiscal management and increased international assistance. The medium-term reform agenda under the Core Economic Working Group emphasizes, amongst other things, strengthening of public financial. Solomon Islands has been a moderate user of PFTAC TA . Despite the large international presence, mainly through RAMSI which caters for much of the technical assistance needs in the government, PFTAC has made specific technical contributions in particular with regard to

International Monetary Fund. Asia and Pacific Dept

) and is consistent with the PFTAC’s results framework . PFTAC TA aims to support the authorities continue to move towards long-term fiscal sustainability . Activities will focus on assisting the authorities achieve tangible results from the foundations laid with previous PFTAC assistance, and will include strategic support in the PFM area and the modernization of tax compliance. Financial sector work will also continue, with technical advisory support with the on-site examinations of commercial banks. The IMF Legal department is completing the review of the Credit

International Monetary Fund. Asia and Pacific Dept

strengthen tax administration and support possible tax reforms. The volume of TA will significantly increase over recent years if the FY20 workplan is fully delivered. PFTAC TA aims to support the authorities as they continue to move towards long-term fiscal sustainability . Efforts aim to assist the authorities achieve tangible results from the foundations laid with previous PFTAC assistance and inputs from other development partners, with an emphasis on strengthening tax administration and taxpayer compliance, building capacity to independently compile and disseminate

International Monetary Fund. Asia and Pacific Dept

delivery is expected to increase around 40 percent in FY19 with 17 missions planned over 222 field days, again with a fiscal emphasis (8 PFM mission and 3 revenue), 3 macroeconomic programming missions and one each in real sector statistics, GFS, and financial sector supervision. PFTAC TA aims to support the authorities to sustain progress on fiscal consolidation and to improve the macroeconomic environment . PFTAC will continue to focus on building macroeconomic analysis capacity and delivering specific technical inputs. In the Public Financial Management area