Review of the Policy on Staff-Monitored Program With Executive Board Involvement

Released on by International Monetary Fund. Strategy, Policy, & Review Department
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  • Review of the Policy on Staff-Monitored Program With Executive Board Involvement Book Detail

  • Author : International Monetary Fund. Strategy, Policy, & Review Department
  • Release Date : 2024-02-20
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 17
  • ISBN 13 :
  • File Size : 16,16 MB
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Review of the Policy on Staff-Monitored Program With Executive Board Involvement by International Monetary Fund. Strategy, Policy, & Review Department PDF Summary

Book Description: This paper reviews the policy on Staff-Monitored Program with Executive Board Involvement (PMB). The PMB plays an important niche role in the Fund’s toolkit in supporting members in circumscribed circumstances, while not supplanting the Staff-Monitored Programs (SMPs) as the primary tool for building or rebuilding a track record towards a Fund arrangement that supports a UCT-quality program. Experience with the PMB is limited to three country cases over the past sixteen months. Further experience would be needed to draw more definitive conclusions in terms of the usefulness of the PMB vis-à-vis alternative instruments and a more parsimonious Fund toolkit. In this context, the PMB is kept in the toolkit, and it will be expected to be reviewed in three years.

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