Safeguards Assessments - Review of Experience PDF Download

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1498344186
Category : Business & Economics
Languages : en
Pages : 43

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Book Description
This paper reviews experience with the safeguards assessment policy since the last review in 2010. The policy is subject to periodic reviews by the Executive Board. The policy’s main objective is to mitigate risks of misuse of Fund resources and misreporting of monetary data under Fund arrangements. Consistent with past reviews, an external panel of experts provided an independent perspective on the implementation of the policy.

Author: International Monetary Fund. Finance Dept.
Publisher: International Monetary Fund
ISBN: 1498337198
Category : Business & Economics
Languages : en
Pages : 52

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Book Description
This paper presents the Fund’s net income outcome for FY 2010. The actual outcomes in this paper follow the closing of the Fund’s accounts for the financial year and completion of the FY 2010 external audit conducted by Deloitte & Touche, the Fund’s external auditor. The paper also provides an update on the restructuring costs incurred during FY 2010.

Author: International Monetary Fund. Finance Dept.
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 45

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Book Description
This paper reviews experience with the safeguards assessment policy since the last review in 2015. The policy is subject to periodic reviews by the Executive Board. The policy’s main objective is to mitigate risks of misuse of Fund resources and misreporting of monetary data under Fund arrangements. Consistent with past reviews, an external panel of experts provided an independent perspective on the implementation of the policy.

Author: International Monetary Fund. Treasurer's Dept.
Publisher: International Monetary Fund
ISBN: 1498328849
Category : Business & Economics
Languages : en
Pages : 55

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Book Description
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Author: International Monetary Fund. Finance Dept.
Publisher: International Monetary Fund
ISBN: 149833167X
Category : Business & Economics
Languages : en
Pages : 26

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Book Description
The safeguards assessments policy was introduced in March 2000 to provide reasonable assurance that central banks have adequate financial control systems in place to manage their resources and Fund disbursements. The safeguards policy’s main objective is to minimize the possibility of misreporting or misuse of Fund resources associated with the Fund’s lending activities. Safeguards assessments apply to all member countries that have a Fund arrangement.

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1498346308
Category : Business & Economics
Languages : en
Pages : 23

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Book Description
activity remained consistent with recent years. 21 assessments were completed during the update period (September 2015-April 2017) and five were in progress at the end of the period. Activity continues to average around 13 assessments per year. While the number of central banks under monitoring decreased slightly from 67 to 63, some monitoring cases required intense engagement due to safeguards challenges that emerged. These related to forensic investigations, governance reforms, and a deterioration in safeguards frameworks of central banks facing difficult external conditions.

Author: International Monetary Fund. Finance Dept.
Publisher: International Monetary Fund
ISBN: 149833329X
Category : Business & Economics
Languages : en
Pages : 18

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Book Description
This paper provides Executive Directors with an update of safeguards assessment activities from July 1, 2006 through June 30, 2007. This is the second annual update report of safeguards activities since the last review of the safeguards policy in April 2005. The next review of the policy by the Executive Board is scheduled for 2008.

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1498342787
Category : Business & Economics
Languages : en
Pages : 16

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Book Description
The safeguards policy aims to mitigate the potential risks of misuse of resources, including Fund resources, and misreporting of program monetary data. The policy, introduced in 2000, is an integral part of the Fund’s financing policies and complements other safeguards, such as program design, conditionality, and access limits. Safeguards assessments of central banks of the borrowing member are required for almost all forms of Fund financing, and are followed by a period of monitoring for as long as Fund credit is outstanding.

Author: International Monetary Fund. Legal Dept.
Publisher: International Monetary Fund
ISBN: 1498332110
Category : Business & Economics
Languages : en
Pages : 10

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Book Description
This paper provides Executive Directors with an update of safeguards assessment activities through the first half of 2006. This is the first update report following the review of the safeguards policy in April 2005, when Directors agreed that such reports should be prepared on an annual basis going forward rather than on a semi-annual basis.

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1498344178
Category : Business & Economics
Languages : en
Pages : 39

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Book Description
This report by the external expert panel (“the panel”) examines the effectiveness and appropriateness of the safeguards assessments policy in the five years since its last review in 2010. In addition to expressing an opinion on the effectiveness and appropriateness of the safeguards assessment policy, the panel also makes recommendations to the Executive Board for its consideration to improve and optimize the benefits to be garnered from the safeguards assessment policy. The panel’s opinion is based on (i) consultations with key stakeholders, including central bank authorities, IMF Executive Directors’ offices, Fund and World Bank staff; (ii) examination of safeguards assessment and other Fund-specific documents; and (iii) study of international reference materials.