## D4D Fund Delivery Plans (May 2021 – October 2022)

## Source details

**Canonical URL:** [D4D Fund Delivery Plans (May 2021 – October 2022)](https://www.imf.org/-/media/files/capacity-developement/d4d/4th-meeting/d4d-fund-delivery-plans.pdf)

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---

### Overview and evolving delivery context
- Coverage period: May 2021 – October 2022; presented at the D4D Fund Steering Committee Meeting on JUNE 15, 2021.
- Delivery modality assumptions:
  - Predominantly remote capacity development (CD) delivery, with gradual resumption of medium-term project-based CD as absorptive capacity recovers.
  - Short-term operational CD demand is strong (for example, webinars relevant to the pandemic).
  - Surge in requests for remote ad hoc assistance through brief exchanges with authorities, mostly limited to less than one business day.
  - Blended CD (integrating online learning material into traditional training programs) expected to remain beyond the pandemic.
- Geographic and fragility focus:
  - 1/2 of identified recipient countries are from AFR.
  - 1/3+ of identified recipient countries are fragile and conflict-affected states (FCS).

### New ways of delivering CD and priorities
- Predominantly remote delivery with blended modalities to increase flexibility and effectiveness.
- Priority activities:
  - Fiscal and debt reporting CD remains a priority.
  - External Sector Statistics (ESS) and Real Sector Statistics (RSS) activities will increase.
- Online course curriculum targets:
  - 4 new courses will be launched.
  - 2 additional courses will start development phase.
  - 3 courses will be translated into French and Spanish.
- Workplan drivers:
  - Gradual resumption towards pre-pandemic CD activity levels.
  - Integration of CD from IMF bilateral donor projects that expired.

### Delivery volumes and module-level mission counts
- Total mission count comparison:
  - Previous Work Plan 153 → New Work Plan 193.
- Module-specific mission changes (selected):
  - RPPI: 11 → 13
  - HFI: 26 → 31
  - NA: 25 → 31
  - ESS: 32 → 57
  - PSDS/GFS: 51 → 55
  - SIM: 53 (Module 4)
  - FAS: 33 (Module 2)
- National Accounts / Prices / High-Frequency Indicators / External Debt / Monetary and Financial / Institutional Sector / Government Finance / Balance of Payments modules reflected increased activity.

### Real Sector Statistics (RSS) — HFIs, National Accounts, RPPI
- High-Frequency Indicators (HFIs) and Experimental Monthly Indicator of Economic Activity (MIEG):
  - Adopted as a two-step approach to reduce workload on recipient countries; approach already applied in Bhutan and Mongolia.
- RSS challenges during the pandemic:
  - NSOs were underfunded and not well equipped for remote work.
  - Disruptions to traditional survey-based source data hinder compilation of established series.
  - Workplan implementation for HFIs was weak in FY21.
- Mitigation approaches:
  - Collaboration with AFR on nowcasting.
  - Gather source data from authorities and compile experimental MIEG for them.
  - CD to support country authorities in compiling MIEG themselves.
- Nowcasting synergies and demand:
  - Several Sub-Saharan African countries lack HFI data; about half do not publish quarterly GDPs and 70% of these countries are fragile.
  - AFR Nowcasting initiative adapts modeling methods from advanced economies to LLMICs in Sub-Saharan Africa.
  - First IMF course on nowcasting in April had over 400 applications.
  - HFI CD helps prepare consistent databases compatible with GDP compilation technologies; nowcasting projects help address institutional source-data bottlenecks.
- Sierra Leone country example:
  - Most HFIs (price indices, imports and exports of goods, some production data) are disseminated with long delays and provide only a fragmented picture.
  - A database is under development to support MIEG and the government’s nowcasting project.
  - Nowcasting project mobilized support from the central bank, ministries, and the statistics office to assess available data and identify additional sources.
  - New database and staff training will facilitate compilation of quarterly GDP and enhance annual GDP estimates.
- National Accounts and Rebasing:
  - Out of 11 LLMICs with GDP base over 20 years, STA supported 4 countries in the last work plan and will support at least 3 countries in the new work plan (Cambodia, Côte d’Ivoire, Sudan).
  - During the pandemic, NSOs prioritized business continuity (produce annual GDP); medium-term rebasing work depends on absorptive capacity.
- RPPI:
  - Successful RPPI CD to date; work plan extends geographic coverage and includes countries covered by expired bilateral donor projects (e.g., Armenia, Moldova).
  - Cambodia, Mongolia, Vietnam, Eswatini plan to release new or improved RPPI in 2022 with continued CD support.
  - Tackling source-data challenges by combining Big Data techniques with survey data.

### External Sector Statistics (ESS)
- Activity volume:
  - 57 CD activities in the new work plan vs. 33 in the previous work plan.
- Focus areas:
  - Addressing compilation challenges emerging from the pandemic.
  - Strengthening CD to FCS in line with IMF priorities (around half of ESS activities in FY21 were to FCS).
- Tools and delivery:
  - A revised country survey is under way to gauge priorities for future operational support and assess capacity for remote CD participation.
  - 9 thematic workshops are part of the new workplan, centered on country-identified priorities.
  - Fast-evolving needs require well-targeted interventions, such as short webinars.

### Fiscal and Debt Reporting (PSDS/GFS)
- Demand drivers:
  - Demand remains strong due to pandemic-induced crisis management and IMF program negotiations.
- Strategic focus:
  - Support countries addressing fiscal and debt reporting gaps (medium-term objective).
- GFS mission scope:
  - Recording of COVID-19 related policy interventions.
  - Improving data compilation quality and institutional coverage.
- Targeting FCS:
  - A last PSDS diagnostic workshop will be conducted for select MCD countries, most of them FCS; complements the list of 16 FCS already identified to receive CD on fiscal and debt statistics.
- Illustration included:
  - Fiscal projection illustration shows General Government Gross Debt in LIDCs, 2019-2026 (Percent of GDP) with current projection and pre-pandemic projection series (chart referenced).

### Financial Access Survey (FAS) and Statistical Information Management (SIM)
- FAS:
  - Webinars will continue to improve data reporting for the FY 2022 FAS round.
  - The 2021 FAS data validation process will continue deploying recently developed validation tools.
  - FAS will remain agile to adapt to the evolving financial sector landscape and will explore feasibility of fintech/gender-disaggregated data collection (brief questionnaire included in FAS 2021 round).
- SIM (Module 4):
  - Enhancing information management is a medium-term objective with expected limited immediate demand (one placeholder in the workplan).
  - Continued promotion of SDMX in coordination with other international organizations.
  - Module provides flexibility to explore innovative statistics CD (including nowcasting) to be submitted to the Steering Committee when sufficiently concrete.

### From online to blended learning
- Blended learning modalities envisioned:
  - Combine asynchronous/synchronous methods, office hours, breakout rooms, and localized case-study days.
- FY21 delivery evidence:
  - Over 50 webinars delivered in FY21 demonstrate the potential of remote/blended delivery.
- Impact on course evaluation:
  - Decline from 4.7 in FY20 (face-to-face only) to 4.4 in FY21 (remote delivery) on a 1-5 scale.
  - Participant comments focused on connectivity problems and need for more interaction.
- Pilot course tests:
  - Using video material for asynchronous pre-course work.
  - Bringing participants from the same country together locally for case studies with a remote instructor.
- Objective:
  - Gradually transform fundamentals of statistics training into online or blended formats while limiting face-to-face to advanced topics.

### Operational agility and temporary measures
- Endorsement requests to maintain D4D Fund agility responding to uncertainty:
  - D4D Fund country eligibility criteria apply.
  - Quarterly reporting to the Steering Committee on use of funds.
  - Measures approved at the June 2020 SCM to be reassessed at the June 2021 SCM.
- Exhaust facility:
  - Budget for brief ad-hoc assistance (with no replenishment); operational guidelines reduced circulation time from 15 to 5 business days.
- Administrative flexibilities:
  - Maintain shortened Letter of Task (LOT) approval of changes to work plan (approved June 2020; to be tabled again in June 2021 SCM).
  - Number of LLMICs may grow due to lag in reclassification; propose to maintain extension and include an updated list for consideration in the October 2021 quarterly report.

### Financial status, fundraising, and budget
- Financial contributions and funding gap:
  - Partners signed contribution agreements of US$31.1 million.
  - More than 85 percent of signed contributions, US$27.0 million, have been received.
  - A funding gap of $2.0 million remains.
- Signed contribution agreements breakdown (as of May 15, 2021):
  - Japan 5.0m (15%)
  - Luxembourg 4.8m (14%)
  - European Union 4.6m (14%)
  - The Netherlands 4.5m (14%)
  - Germany 4.5m (14%)
  - Switzerland 4.0m (12%)
  - Korea 1.7m (5%)
  - Norway 1.0m (3%)
  - China 1.0m (3%)
  - Funding Gap 2.0m (6%)
- Budget execution and proposed additional budget:
  - Overall average execution against the latest approved budget is 55 percent.
  - Specific execution rates listed:
    - M1 Submodule Real Sector Statistics 62% (2021) vs 69% (2020)
    - M2 Financial Access Survey 54% (2021) vs 45% (2020)
    - M3 Online Training 55% (2021) vs 0% (2020) [note: additional budget approved six months ago]
  - The additional budget request of $7.7 million would bring the total endorsed budget to $25.1 million.
- Detailed budget table highlights (figures in US$ million, preserved as presented):
  - Module 1 - Addressing Data Needs and Quality: Latest Approved Budget FY19-FY22:Q2 8,246,639; Expenses FY19-21 4,243,012; FY22:Q3-4 966,402; FY23:Q1-2 2,795,896; New Total Budget FY19-FY23:Q2 12,008,936.
  - Module M1: Submodule Real Sector Statistics: Latest Approved Budget 2,490,982; Expenses 1,596,263; FY22:Q3-4 368,796; FY23:Q1-2 85,586; New Total 3,715,364.
  - Module M1: Submodule External Sector Statistics: Latest Approved Budget 1,754,680; Expenses 940,973; FY22:Q3-4 326,187; FY23:Q1-2 1,529,448; New Total 3,610,315.
  - Module M1: Fiscal and Debt Reporting: Latest Approved Budget 3,708,912; Expenses 1,705,776; FY22:Q3-4 271,418; FY23:Q1-2 410,861; New Total 4,391,191.
  - Ad-hoc Advisory Services: Latest Approved Budget 292,065; Expenses 39,804; New Total 252,261.
  - Module M2: Financial Access Survey: Latest Approved Budget 1,922,885; Expenses 1,334,343; FY22:Q3-4 263,731; FY23:Q1-2 263,731; New Total 2,450,347.
  - Module M3: Online Learning: Latest Approved Budget 4,584,775; Expenses 2,473,785; FY22:Q3-4 1,328,125; FY23:Q1-2 1,221,875; New Total 7,134,775.
  - Module M4: Statistical Information Management: Latest Approved Budget 254,778; Expenses 114,124; FY22:Q3-4 35,629; FY23:Q1-2 44,435; New Total 334,842.
  - RM Project Manager: Latest Approved Budget 852,863; Expenses 681,091; FY22:Q3-4 155,489; FY23:Q1-2 155,489; New Total 1,163,841.
  - Sub total: Latest Approved Budget 15,861,939; Expenses 8,846,355; FY22:Q3-4 2,749,376; FY23:Q1-2 4,481,426; New Total 23,092,741.
  - Governance and Evaluation: Latest Approved Budget 351,926; New Total 351,926.
  - TF Management Fee (7%): Latest Approved Budget 1,134,971; Expenses 619,245; FY22:Q3-4 192,456; FY23:Q1-2 313,700; New Total 1,641,127.
  - Total: Latest Approved Budget 17,348,836; Expenses 9,465,600; FY22:Q3-4 2,941,832; FY23:Q1-2 4,795,126; New Total 25,085,794.
- Liquidity report highlights:
  - $27.4 million in funding including interest have been received of which $9.5 million have been expended, leaving a cash balance of $17.9 million.
  - This liquidity is sufficient funding for the additional budget request, which would bring the total endorsed budget to $25.1 million.
  - Based on installment plans, an additional budget of up to $5.0 million ($1.9 million received but not budgeted plus receivables of $3.1 million) could be approved in FY2022 and $1.5 million in FY2023, even more if the funding gap is closed.

### Financial inflows, interest, expenses, and account balance (Section 2 figures as of 05/15/2021)
- Total Net Inflows by fiscal year:
  - FY2018: 2/2.5
  - FY2019: 8.5
  - FY2020: 6.1
  - FY2021: 8.8
  - FY2022: 1.2
  - FY2022: 3.1
  - FY2023: 1.5
  - Total: 31.6
- Total Interest by fiscal year:
  - FY2018: 0.0
  - FY2019: 0.2
  - FY2020: 0.2
  - FY2021: 0.0
  - FY2022: 0.0
  - FY2022: 0.0
  - FY2023: 0.0
  - Total: 0.4
- Total Expenses by fiscal year:
  - FY2018: 0.0
  - FY2019: 2.0
  - FY2020: 3.9
  - FY2021: 3.5
  - FY2022: 0.0
  - FY2022: 2.7
  - FY2023: 0.0
  - Total: 12.2
- Account Balance by fiscal year:
  - FY2018: 2.5
  - FY2019: 9.1
  - FY2020: 11.5
  - FY2021: 16.7
  - FY2022: 17.9
  - FY2022: 18.2
  - FY2023: 19.7
  - Total (final reported): 19.7
- Notes:
  - 1/ Actual refers to inflows/outflows as of 05/15/2021.
  - 2/ Total Net Inflows = Total Net Received Contributions + Regular Transfers - Return to Donors.

### Mid-Term Evaluation overview and timeline
- Evaluation governance and milestones:
  - Evaluation Sub-Committee (ESC) established.
  - Terms of reference for the evaluation firm endorsed by the ESC.
  - A consulting firm selected; contracting is under way.
  - Inception note review, fieldwork, and evaluation report presentation during Steering Committee meeting planned.
- Typical duration:
  - Typically, an evaluation takes 15-18 months.
- Stakeholders and participants:
  - Steering Committee
  - Recipients
  - IMF Departments (including Fiscal Affairs, ICD, Statistics)
  - Country participants listed: Japan, Luxembourg, Switzerland, Uganda, Uzbekistan, Vietnam
  - Regional groupings: African, Asia & Pacific
- Timeline markers (dates given in parentheses):
  - (Nov 2020)
  - (Jan 2021)
  - (May 2021)
  - (Sep 2021)
  - (Nov 2021)
  - (Jun 2022)

### Review of the Operational Guidance Note — notable changes
- Purpose:
  - Adapt to the new processes and language of CDMAP (the Fund’s new CD management and administration system).
  - Reflect the evolution of some of the D4D Fund’s processes.
- Steering Committee endorsements:
  - The SC endorses:
    - i changes to objectives within a Module (for Modules 2, 3, 4) and Sub-modules (for Module 1).
    - ii the addition/removal of outcomes that result in Module/Sub-module budget changes of more than 25%.
- Alignment and practice:
  - Aligns the language with the other thematic funds.
  - No change of the current practice where noted.
  - The SC provides strategic guidance and assists in setting the priorities. It endorses the work plans, budgets, and annual reports of the D4D Fund.
  - Annually, the D4D Fund provides a report on its activities to the SC.

### Request for endorsement: workplan, budget, and operational framework
- Purpose:
  - To adapt to the new processes and language of CDMAP.
  - To reflect the evolution of some of the D4D Fund’s processes.
- Deliverable:
  - Updated Operational Guidelines.

*D4D Fund Delivery Plans (May 2021 – October 2022), IMF Statistics, presented at the D4D Fund Steering Committee Meeting, JUNE 15, 2021.*

### Section 1

### d4d-fund-delivery-plans - Section 1

### Overview and evolving delivery context
- The D4D Fund Delivery Plans cover May 2021 – October 2022 and were presented at the D4D Fund Steering Committee Meeting on JUNE 15, 2021.
- For now, the work plan assumes predominantly remote capacity development (CD) delivery, with gradual resumption of medium-term project-based CD as absorptive capacity recovers.
- Short-term operational CD demand is strong (for example, webinars relevant to the pandemic).
- Surge in requests for remote ad hoc assistance through brief exchanges with authorities, mostly limited to less than one business day.
- Blended CD (integrating online learning material into traditional training programs) is expected to remain beyond the pandemic.
- Focus will remain on Africa and fragile states:
  - 1/2 of identified recipient countries are from AFR.
  - 1/3+ of identified recipient countries are fragile and conflict-affected states (FCS).

### New ways of delivering CD and priorities
- Predominantly remote delivery, with blended modalities to increase flexibility and effectiveness.
- Fiscal and debt reporting CD activity remains a priority.
- External Sector Statistics (ESS) and Real Sector Statistics (RSS) activities will increase.
- Online course curriculum: 4 new courses will be launched; 2 additional courses will start development phase; 3 courses will be translated into French and Spanish.
- More activities in the new work plan reflect:
  - Gradual resumption towards pre-pandemic CD activity levels;
  - Integration of CD from IMF bilateral donor projects that expired.

### Delivery volumes and module-level mission counts
- Total mission count comparison: Previous Work Plan 153 → New Work Plan 193.
- National Accounts / Prices / High-Frequency Indicators / External Debt / Monetary and Financial / Institutional Sector / Government Finance / Balance of Payments modules reflected increased activity.
- Module-specific mission counts (selected):
  - RPPI: 11 → 13
  - HFI: 26 → 31
  - NA: 25 → 31
  - ESS: 32 → 57
  - PSDS/GFS: 51 → 55
  - SIM: 53 (Module 4)
  - FAS: 33 (Module 2)

### Real Sector Statistics (RSS) — HFIs, National Accounts, RPPI
- High-Frequency Indicators (HFIs) and an Experimental Monthly Indicator of Economic Activity (MIEG) adopted as a two-step approach to reduce workload on recipient countries; approach already applied in Bhutan and Mongolia.
- RSS challenges during the pandemic:
  - NSOs were underfunded and not well equipped for remote work.
  - Disruptions to traditional survey-based source data hinder compilation of established series.
  - Workplan implementation for HFIs was weak in FY21.
- Mitigation approaches:
  - Collaboration with AFR on nowcasting.
  - Gather source data from authorities and compile experimental MIEG for them.
  - CD to support country authorities in compiling MIEG themselves.
- Nowcasting synergies:
  - Several Sub-Saharan African countries lack HFI data; about half do not publish quarterly GDPs and 70% of these countries are fragile.
  - AFR Nowcasting initiative adapts modeling methods from advanced economies to LLMICs in Sub-Saharan Africa.
  - Example demand: the first IMF course on nowcasting in April had over 400 applications.
  - HFI CD helps prepare consistent databases compatible with GDP compilation technologies; nowcasting projects help address institutional source-data bottlenecks.
- Country example — Sierra Leone:
  - Most HFIs (price indices, imports and exports of goods, some production data) are disseminated with long delays and provide only a fragmented picture.
  - A database is under development to support MIEG and the government’s nowcasting project.
  - The government’s nowcasting project mobilized support from the central bank, ministries, and the statistics office to assess available data and identify additional sources.
  - New database and staff training will facilitate compilation of quarterly GDP and enhance annual GDP estimates.
- National Accounts and Rebasing:
  - Out of 11 LLMICs with GDP base over 20 years, STA supported 4 countries in the last work plan and will support at least 3 countries in the new work plan (Cambodia, Côte d’Ivoire, Sudan).
  - During the pandemic, NSOs prioritized business continuity (produce annual GDP); medium-term rebasing work depends on absorptive capacity.
- RPPI:
  - Successful RPPI CD so far; work plan extends geographic coverage and includes countries covered by expired bilateral donor projects (e.g., Armenia, Moldova).
  - Cambodia, Mongolia, Vietnam, Eswatini plan to release new or improved RPPI in 2022 with continued CD support.
  - Tackling source-data challenges by combining Big Data techniques with survey data.

### External Sector Statistics (ESS)
- ESS activities phased in: 57 CD activities in the new work plan vs. 33 in the previous work plan.
- Focus on:
  - Addressing compilation challenges emerging from the pandemic.
  - Strengthening CD to FCS in line with IMF priorities (around half of ESS activities in FY21 were to FCS).
- A revised country survey is under way to gauge priorities for future operational support and assess capacity for remote CD participation.
- 9 thematic workshops are part of the new workplan, centered on country-identified priorities.
- Fast-evolving needs require well-targeted interventions, such as short webinars.

### Fiscal and Debt Reporting (PSDS/GFS)
- Demand remains strong due to pandemic-induced crisis management and IMF program negotiations.
- Strategic focus: support countries addressing fiscal and debt reporting gaps (medium-term objective).
- GFS missions will also address:
  - Recording of COVID-19 related policy interventions.
  - Improving data compilation quality and institutional coverage.
- A last PSDS diagnostic workshop will be conducted for select MCD countries, most of them FCS; complements the list of 16 FCS already identified to receive CD on fiscal and debt statistics.
- Fiscal projection illustration in the material shows General Government Gross Debt in LIDCs, 2019-2026 (Percent of GDP) with current projection and pre-pandemic projection series (chart referenced).

### Financial Access Survey (FAS) and Statistical Information Management (SIM)
- FAS:
  - Webinars will continue to improve data reporting for the FY 2022 FAS round.
  - The 2021 FAS data validation process will continue deploying recently developed validation tools.
  - FAS will remain agile to adapt to the evolving financial sector landscape and will explore feasibility of fintech/gender-disaggregated data collection (brief questionnaire included in FAS 2021 round).
- SIM (Module 4):
  - Enhancing information management is a medium-term objective with expected limited immediate demand (one placeholder in the workplan).
  - Continued promotion of SDMX in coordination with other international organizations.
  - Module provides flexibility to explore innovative statistics CD (including nowcasting) to be submitted to the Steering Committee when sufficiently concrete.

### From online to blended learning
- Blended learning modalities envisioned to combine asynchronous/synchronous methods, office hours, breakout rooms, and localized case-study days.
- Over 50 webinars delivered in FY21 demonstrate the potential of remote/blended delivery.
- Impact on course evaluation:
  - Decline from 4.7 in FY20 (face-to-face only) to 4.4 in FY21 (remote delivery) on a 1-5 scale.
  - Participant comments focused on connectivity problems and need for more interaction.
- Pilot courses will test:
  - Using video material for asynchronous pre-course work.
  - Bringing participants from the same country together locally for case studies with a remote instructor.
- Objective: gradually transform fundamentals of statistics training into online or blended formats while limiting face-to-face to advanced topics.

### Operational agility and temporary measures
- Request for endorsement to maintain D4D Fund agility responding to uncertainty:
  - D4D Fund country eligibility criteria apply.
  - Quarterly reporting to the Steering Committee on use of funds.
  - Measures approved at the June 2020 SCM to be reassessed at the June 2021 SCM.
- Exhaust facility budget for brief ad-hoc assistance (with no replenishment); operational guidelines reduced circulation time from 15 to 5 business days.
- Maintain shortened Letter of Task (LOT) approval of changes to work plan (approved June 2020; to be tabled again in June 2021 SCM).
- Number of LLMICs may grow due to lag in reclassification; propose to maintain extension and include an updated list for consideration in the October 2021 quarterly report.

### Financial status, fundraising, and budget
- Financial contributions:
  - Partners signed contribution agreements of US$31.1 million.
  - More than 85 percent of signed contributions, US$27.0 million, have been received.
  - A funding gap of $2.0 million remains.
- Signed contribution agreements breakdown (as of May 15, 2021) indicates contributors including Japan 5.0m (15%), Luxembourg 4.8m (14%), European Union 4.6m (14%), The Netherlands 4.5m (14%), Germany 4.5m (14%), Switzerland 4.0m (12%), Korea 1.7m (5%), Norway 1.0m (3%), China 1.0m (3%), Funding Gap 2.0m (6%).
- Budget execution (execution against approved budget as of April 30, 2021 and April 30, 2020):
  - Module execution rates shown; overall average execution against the latest approved budget is 55 percent.
  - Specific execution rates listed: M1 Submodule Real Sector Statistics 62% (2021) vs 69% (2020); M2 Financial Access Survey 54% (2021) vs 45% (2020); M3 Online Training 55% (2021) vs 0% (2020) [note: additional budget approved six months ago]; M4 Statistical Information Management and Total (incl. Admin and Governance) shown in chart.
- Proposed additional budget request:
  - The additional budget request of $7.7 million would bring the total endorsed budget to $25.1 million.
- Detailed budget table highlights (all figures in US$ million, preserved as presented):
  - Module 1 - Addressing Data Needs and Quality: Latest Approved Budget FY19-FY22:Q2 8,246,639; Expenses FY19-21 4,243,012; FY22:Q3-4 966,402; FY23:Q1-2 2,795,896; New Total Budget FY19-FY23:Q2 12,008,936.
  - Module M1: Submodule Real Sector Statistics: Latest Approved Budget 2,490,982; Expenses 1,596,263; FY22:Q3-4 368,796; FY23:Q1-2 85,586; New Total 3,715,364.
  - Module M1: Submodule External Sector Statistics: Latest Approved Budget 1,754,680; Expenses 940,973; FY22:Q3-4 326,187; FY23:Q1-2 1,529,448; New Total 3,610,315.
  - Module M1: Fiscal and Debt Reporting: Latest Approved Budget 3,708,912; Expenses 1,705,776; FY22:Q3-4 271,418; FY23:Q1-2 410,861; New Total 4,391,191.
  - Ad-hoc Advisory Services: Latest Approved Budget 292,065; Expenses 39,804; New Total 252,261.
  - Module M2: Financial Access Survey: Latest Approved Budget 1,922,885; Expenses 1,334,343; FY22:Q3-4 263,731; FY23:Q1-2 263,731; New Total 2,450,347.
  - Module M3: Online Learning: Latest Approved Budget 4,584,775; Expenses 2,473,785; FY22:Q3-4 1,328,125; FY23:Q1-2 1,221,875; New Total 7,134,775.
  - Module M4: Statistical Information Management: Latest Approved Budget 254,778; Expenses 114,124; FY22:Q3-4 35,629; FY23:Q1-2 44,435; New Total 334,842.
  - RM Project Manager: Latest Approved Budget 852,863; Expenses 681,091; FY22:Q3-4 155,489; FY23:Q1-2 155,489; New Total 1,163,841.
  - Sub total: Latest Approved Budget 15,861,939; Expenses 8,846,355; FY22:Q3-4 2,749,376; FY23:Q1-2 4,481,426; New Total 23,092,741.
  - Governance and Evaluation: Latest Approved Budget 351,926; New Total 351,926.
  - TF Management Fee (7%): Latest Approved Budget 1,134,971; Expenses 619,245; FY22:Q3-4 192,456; FY23:Q1-2 313,700; New Total 1,641,127.
  - Total: Latest Approved Budget 17,348,836; Expenses 9,465,600; FY22:Q3-4 2,941,832; FY23:Q1-2 4,795,126; New Total 25,085,794.
- Liquidity report highlights:
  - Currently, $27.4 million in funding including interest have been received of which $9.5 million have been expended, leaving a cash balance of $17.9 million.
  - This liquidity is sufficient funding for the additional budget request, which would bring the total endorsed budget to $25.1 million.
  - Based on installment plans, an additional budget of up to $5.0 million ($1.9 million received but not budgeted plus receivables of $3.1 million) could be approved in FY2022 and $1.5 million in FY2023, even more if the funding gap is closed.

*Source: D4D Fund Delivery Plans (May 2021 – October 2022), IMF Statistics, presented at the D4D Fund Steering Committee Meeting, JUNE 15, 2021.*

### Section 2

### D4D Fund Delivery Plans — Section 2

### Financial inflows, interest, expenses, and account balance
- Actuals (refers to inflows/outflows as of 05/15/2021) and projected inflows/outflows are presented by fiscal year.
- Total Net Inflows by fiscal year:
  - FY2018: 2/2.5
  - FY2019: 8.5
  - FY2020: 6.1
  - FY2021: 8.8
  - FY2022: 1.2
  - FY2022: 3.1
  - FY2023: 1.5
  - Total: 31.6
- Total Interest by fiscal year:
  - FY2018: 0.0
  - FY2019: 0.2
  - FY2020: 0.2
  - FY2021: 0.0
  - FY2022: 0.0
  - FY2022: 0.0
  - FY2023: 0.0
  - Total: 0.4
- Total Expenses by fiscal year:
  - FY2018: 0.0
  - FY2019: 2.0
  - FY2020: 3.9
  - FY2021: 3.5
  - FY2022: 0.0
  - FY2022: 2.7
  - FY2023: 0.0
  - Total: 12.2
- Account Balance by fiscal year:
  - FY2018: 2.5
  - FY2019: 9.1
  - FY2020: 11.5
  - FY2021: 16.7
  - FY2022: 17.9
  - FY2022: 18.2
  - FY2023: 19.7
  - Total (final reported): 19.7
- Notes:
  - 1/ Actual refers to inflows/outflows as of 05/15/2021.
  - 2/ Total Net Inflows = Total Net Received Contributions + Regular Transfers - Return to Donors.

### Mid-Term Evaluation overview and timeline
- Evaluation governance and milestones:
  - Evaluation Sub-Committee (ESC) established.
  - The terms of reference for the evaluation firm endorsed by the ESC.
  - A consulting firm selected; contracting is under way.
  - Inception note review.
  - Fieldwork.
  - Evaluation report presented during Steering Committee meeting.
- Typical duration:
  - Typically, an evaluation takes 15-18 months.
- Stakeholders and participants:
  - Steering Committee
  - Recipients
  - IMF Departments (including Fiscal Affairs, ICD, Statistics)
  - Country participants listed: Japan, Luxembourg, Switzerland, Uganda, Uzbekistan, Vietnam
  - Regional groupings: African, Asia & Pacific
- Timeline markers (dates given in parentheses):
  - (Nov 2020)
  - (Jan 2021)
  - (May 2021)
  - (Sep 2021)
  - (Nov 2021)
  - (Jun 2022)

### Review of the Operational Guidance Note — notable changes
- Purpose of review:
  - To adapt to the new processes and language of CDMAP (the Fund’s new CD management and administration system).
  - To reflect the evolution of some of the D4D Fund’s processes.
- Endorsements by the Steering Committee (SC):
  - The SC endorses:
    - i changes to objectives within a Module (for Modules 2, 3, 4) and Sub-modules (for Module 1).
    - ii the addition/removal of outcomes that result in Module/Sub-module budget changes of more than 25%.
- Alignment and practice:
  - Aligns the language with the other thematic funds.
  - No change of the current practice where noted.
  - The SC provides strategic guidance and assists in setting the priorities. It endorses the work plans, budgets, and annual reports of the D4D Fund.
  - Annually, the D4D Fund provides a report on its activities to the SC.
  - No change of the current practice where noted.

### Request for endorsement: workplan, budget, and operational framework
- Purpose:
  - To adapt to the new processes and language of CDMAP.
  - To reflect the evolution of some of the D4D Fund’s processes.
- Deliverable:
  - Updated Operational Guidelines.

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_Source: https://www.imf.org/-/media/files/capacity-developement/d4d/4th-meeting/d4d-fund-delivery-plans.pdf_