## Report on the Incidence of Longer-Term Program Engagement

## Source details

**Canonical URL:** [Report on the Incidence of Longer-Term Program Engagement](https://www.imf.org/-/media/websites/imf/imported-full-text-pdf/external/np/pp/eng/2011/_062911.pdf)

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### Definition and scope
- Longer-term program engagement (LTPE) occurs when a member has spent at least seven of the past 10 years under Fund-supported financial arrangements.
- Fund financial arrangements that qualify for the definition of LTPE are those drawing on upper credit tranche GRA or PRGF-ESF/PRGT resources, or any blend of the two.
- An outright purchase under the ESF, RAC, RCF, or ENDA/EPCA does not count towards LTPE.
- Time spent under the Policy Support Instrument (PSI), the precautionary use of the Flexible Credit Line (FCL), precautionary credit line (PCL), or the GRA or PRGF-ESF/PRGT resources that remain undrawn throughout the arrangement does not count toward LTPE.
- Prepared by Ferhan Salman and Federico Gabriel Presciuttini. Approved by Reza Moghadam. June 29, 2011.

### Ex Post Assessment (EPA) requirement and recent procedural developments
- An Ex Post Assessment (EPA) is required for members considered as having LTPE that wish to request successor arrangements, provided at least five years have passed since the last EPA for the member.
- The EPA requirement was temporarily suspended at the time of the last incidence report, until August 27, 2010.
- During the suspension period brief updates were prepared for Benin, Malawi, Mauritania, and Sierra Leone to provide the Board with brief summaries before EPA updates (an EPA report for Mauritania) were later prepared.
- The Executive Board approved, on August 28, 2009, modifications to the procedures for EPAs in light of the Board discussion of Omnibus Paper on Easing Work Pressures; changes are detailed in the Revised Guidance Note for Ex Post Assessment of Members with Longer-Term Program Engagement.

### EPA activity and Executive Board discussions (through June 22, 2011)
- As of June 22, 2011, the Executive Board had discussed EPAs for 50 members.
- Eight more LTPE cases were assessed since the last update to the Executive Board.
- Since the expiration of the suspension period, EPA reports for Sierra Leone, Kyrgyz Republic, Mali and Mauritania as well as EPA updates for the Gambia, Benin, Georgia, and Zambia have been discussed by the Board.

### Incidence as of June 22, 2011
- Fifteen members, all PRGT eligible (with Armenia currently having a GRA arrangement), met the LTPE definition as of June 22, 2011.
- Since the time of the last report, the following members have ceased to meet the LTPE definition:
  - Albania
  - Cameroon
  - Madagascar
  - Republic of Serbia
  - Tanzania
  - Turkey

### Near-term EPA prospects and program-related triggers
- Several EPAs are expected over the next year:
  - EPA update expected for Executive Board discussion for Malawi.
  - EPA reports for Niger and Republic of Serbia are expected in the second half of 2011.
- Should programs be requested, the following EPAs would be required:
  - EPA report for Sao Tome & Principe.
  - EPA update for Nicaragua.

### Tabulated EPA considerations (summary)
- Table 1 in the source lists Ex Post Assessments considered by the Executive Board (dates ranging from 2003 through 2011) and indicates for each entry whether the member met LTPE and whether a current Fund financial arrangement existed as of the referenced dates.
- Table 2 in the source lists Members with Longer-Term Program Engagement (as of June 22, 2011), noting PRGT-eligible Members and Non-PRGT-eligible Members and flagging current arrangements; the source notes Armenia currently has both PRGT and GRA arrangements and that one member currently has a PSI.

*Source: Report on the Incidence of Longer-Term Program Engagement, Prepared by Strategy, Policy, and Review Department; June 29, 2011 (content through June 22, 2011).*

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_Source: https://www.imf.org/-/media/websites/imf/imported-full-text-pdf/external/np/pp/eng/2011/_062911.pdf_