Longer-Term Program Engagement Research Articles

Staff Guidance Note for the Conduct of Ex Post Peer Reviewed Assessments of Members with Longer-Term Program Engagement

This note updates guidance on key operational aspects of the policy on Longer-Term Program Engagement (LTPE). The updated guidance reflects operational changes following the Board’s decision on April 30, 2015 to replace Ex Post Assessments (EPAs) for members with LTPEs with succinct ex post peer reviewed assessments (PRAs)1 to reflect on the lessons from the past for the design of successor arrangements or usage of the Policy Support Instrument (PSI).

Islamic Republic of Afghanistan: Ex Post Assessment of Longer-Term Program Engagement

Islamic Republic of Afghanistan: Ex Post Assessment of Longer-Term Program Engagement

Report on the Incidence of Longer-Term Program Engagement

Longer-term program engagement (LTPE) occurs when a member has spent at least seven of the past 10 years under Fund-supported financial arrangements. In response to the Executive Board’s request for periodic updates on the incidence of LTPEs, this is the fifteenth such report and provides information through September 1, 2014

Report on the Incidence of Longer-Term Program Engagement

Longer-term program engagement (LTPE) occurs when a member has spent at least seven of the past 10 years under Fund-supported financial arrangements. In response to the Executive Board’s request for periodic updates on the incidence of LTPEs, this is the fourteenth such report and provides information through July 1, 2013.

Report on the Incidence of Longer-Term Program Engagement

Longer-term program engagement (LTPE) occurs when a member has spent at least seven of the past 10 years under Fund-supported financial arrangements.2 In response to the Executive Board’s request for periodic updates on the incidence of LTPEs, this is the thirteenth such report and provides information through June 27, 2012.

Report on the Incidence of Longer-Term Program Engagement

Longer-term program engagement (LTPE) occurs when a member has spent at least seven of the past 10 years under Fund-supported financial arrangements. In response to the Executive Board’s request for periodic updates on the incidence of LTPEs, this is the twelfth such report and provides information through June 22, 2011.

Islamic Republic of Mauritania: Ex Post Assessment of Longer-Term Program Engagement

Islamic Republic of Mauritania: Ex Post Assessment of Longer-Term Program Engagement

Zambia: Ex Post Assessment of Longer-Term Program Engagement: Update

Zambia: Ex Post Assessment of Longer-Term Program Engagement: Update

Republic of Serbia: Ex Post Assessment of Longer-Term Program Engagement and Ex Post Evaluation of Exceptional Access: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Republic of Serbia

Serbia has undergone a significant transformation, going from post-conflict devastation to being a legitimate aspirant to EU accession status. An IMF-supported program helped the country navigate the global financial crisis, and recovery is in train. Economic institutions have improved, in particular with the establishment of the fiscal responsibility law, the adoption of inflation targeting, and strengthening of banking supervision and regulation. But despite these successes, substantial vulnerabilities and a large structural reform agenda have to be taken up to continue progress.

Mali: Ex Post Assessment of Longer-Term Program Engagement: Staff Report; Statement by the Executive Director for Mali; and Public Information Notice on the Executive Board Discussion

Ex Post Assessments are intended to provide an opportunity to step back from continuing program relations to consider an analysis of the economic problems facing the country, review progress under IMF-supported programs, and draw forward-looking lessons for future IMF engagement. The program objective of macroeconomic and financial stability was broadly achieved, as evidenced by the moderate fiscal deficits, low and relatively stable rates of inflation, and the maintenance of a sustainable external debt position; but raising economic growth remained a challenge. Structural reforms are also necessary to encourage investment and employment.

Niger: Ex Post Assessment of Longer-Term Program Engagement

Niger: Ex Post Assessment of Longer-Term Program Engagement

Report on the Incidence of Longer-Term Program Engagement

The decision on IMF membership in the Financial Stability Board (as set forth above) was adopted by the IMF’s Executive Board.

Ex Post Assessments of Members with a Longer-Term Program Engagement—Revised Guidance Note

Financial sector issues and policies are central to the Fund’s surveillance mission, as the recent crisis has amply demonstrated, and the institution has placed a high priority on enhancing the coverage and depth of analysis of financial sector issues in surveillance. Achieving this goal requires far-reaching operational and resource adjustments, which are already underway. However, these alone may not be enough. Changes in the Fund’s mandate and modalities of surveillance may also be needed. A key goal of these changes should be to strengthen multilateral surveillance. New analytical tools and effective forms of engagement at the global level are crucial for financial surveillance, given an increasingly interconnected and globalized international financial system. At the same time, financial surveillance at the country level should also be strengthened and become a central part of the Article IV consultation process.

Sierra Leone: Ex Post Assessment of Longer-Term Program Engagement

Sierra Leone: Ex Post Assessment of Longer-Term Program Engagement

Report on the Incidence of Longer-Term Program Engagement and Request to Reduce the Frequency of Reporting

Report on the Incidence of Longer-Term Program Engagement and Request to Reduce the Frequency of Reporting

Ghana: Ex Post Assessment of Longer-Term Program Engagement

Ghana: Ex Post Assessment of Longer-Term Program Engagement

Report on the Incidence of Longer-Term Program Engagement

During the discussion of the conclusions of the Task Force on Prolonged Use of Fund Resources, the Executive Board requested semi annual reports on the incidence of Longer-Term Program Engagement (LTPE). This is the sixth such report which provides information through June 2006.

Report on the Incidence of Longer-Term Program Engagement

The assessments are intended to provide an analysis of the economic problems facing the member and a critical and frank review of progress during the period of Fund-supported programs, as the basis for a forward-looking assessment and strategy for future Fund engagement, including, where appropriate, an explicit exit strategy.

Review of Ex Post Assessments and Issues Relating to the Policy on Longer-Term Program Engagement

This review assesses the experience gained to date in carrying out the longer-term program engagement (LTPE) policy and preparing the ex post assessments (EPAs). It discusses the main characteristics of LTPE members and the findings of the EPAs, analyzes the role of the EPAs in the Fund’s due diligence, and provides recommendations for improving their effectiveness.

Republic of Tajikistan: Ex Post Assessment of Longer-Term Program Engagement

Republic of Tajikistan: Ex Post Assessment of Longer-Term Program Engagement