-person engagement for traction, broader effectiveness, and efficiency of the Fund’s operations. Section III. Proposed Augmentation A. Overview 9. Proposed augmentation framework . Recognizing that the Fund’s budget is subject to annual review and approval by the Executive Board within a medium-term context, staff propose that the Board endorse a framework for an augmentation to the Fund’s net administrative envelope that will set the foundation for staff proposals for FY 23 through FY 25, with reversion to a real, flat envelope at the new, higher level thereafter
collaboration with partners—to identify and manage the macro-financial risks and the macro-critical implications of climate change, digital money, fragility, and inequality. This agenda recognized the centrality of these challenges to the global economy and to the Fund’s effectiveness in carrying out its mandate in support of its membership. The Board has agreed on a Budget Augmentation Framework to support these efforts, with annual augmentations averaging two percent over the next three years, returning to a flat real envelope thereafter. The framework protects funds for
analytical support to monitor the implementation of the FCS Strategy, the analysis of fragility and conflict drivers, support the work of country teams, and enhance an effective dialogue with partners. One additional economist position in ICD would facilitate the creation of a fully-fledged FCS training curriculum for staff and other training materials. Table 3. Proposed FCS Staffing Changes (FY23-FY25) Full-Time Equivalents (FTEs) – FCS Country Teams Current headcount* Notional staffing based on Augmentation Framework Paper Area
Copyright Page IMF POLICY PAPER BUDGET AUGMENTATION FRAMEWORK May, 2022 IMF staff regularly produces papers proposing new IMF policies, exploring options for reform, or reviewing existing IMF policies and operations. The following documents have been released and are included in this package: The Staff Report on the Budget Augmentation Framework was prepared by the IMF staff and completed on November 12, 2021 for the Executive Board’s consideration on December 1, 2021. The IMF’s transparency policy allows for the deletion of market