## _112513

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---

### I. TUNING THE ENGINES OF GROWTH
- Objective: Move from stabilization to "strong, sustainable, balanced, and inclusive growth" through more ambitious policy implementation; Fund assistance via bilateral and multilateral surveillance, capacity building, and financial support.
- Global schedule and surveillance:
  - Joint Board session of the WEO, GFSR, and Fiscal Monitor ahead of the Spring Meetings in March 2014, following a WEMD Update in January.
  - Early Warning Exercise (EWE) discussed in run-up to Spring Meetings; Managing Director’s Global Policy Agenda to review policy implementation.
  - Area departments to brief the Executive Board regularly on regional developments.
- Advanced economies:
  - Focus on appropriate macroeconomic policy mix to support recovery, sequencing and impact of normalization of unconventional monetary policy (UMP), and spillovers.
  - Emphasize growth-friendly fiscal consolidation anchored by medium-term plans, and progress on fiscal, financial and structural reforms.
  - Clustered Article IV reports and strengthened spillover analysis to be undertaken continuously (see ¶6).
  - Fall 2014 umbrella paper "Monetary Policy: Its Role Now and in the Future" to discuss principles and architecture for future monetary policy.
  - Continued advice and technical assistance on legacy crisis issues (high deficits and debt) and tailored structural reforms to raise competitiveness and stimulate job creation and labor force participation.
- Emerging market economies (EMEs):
  - Assist members to strengthen resilience to spillovers during transition to more normal financial conditions.
  - Staff to review recent country experiences on capital flow volatility and appropriate policy responses (monetary, exchange rate, other policies) and broader policy frameworks; Board engagement as work advances.
  - Role and use of reserves as external buffer to be discussed by the Board in December (see ¶9).
  - Second-half 2014 paper "Enhancing Resilience and Supporting Growth in Emerging Markets: Role of Financial Deepening" to examine financial deepening needs and scope; follow-on to Asia and Pacific, and Monetary and Capital Markets departments’ work on future of Asia’s finance.
  - Analytical work planned to further examine potential growth trajectory and productivity-enhancing structural reforms in EMEs.
- Low-income countries (LICs):
  - Main challenge: use solid growth to strengthen buffers and sustain more inclusive long-term growth.
  - Strengthen analytical underpinnings of policy advice; maintain capacity building; assist via reformed LIC lending framework.
  - Staff to report to the Board on cross-cutting issues including evolution of vulnerabilities and divergent growth trends across LICs, via a set of papers or a unified report well in advance of the 2014 Annual Meetings.
  - Board to discuss papers on strengthening fiscal policy frameworks (see ¶4) and structural diversification and transformation (see ¶5).
- Small states:
  - Priority: improve growth performance and build resilience to shocks.
  - Staff engagement through capacity building and policy advice, guided by a guidance note expected to be issued in December.
- Fragile states:
  - Instruments and facilities in place for about a dozen low-income members in fragile situations.
  - Continue to draw on 2012 guidance note for early engagement and flexible use of Fund tools.
  - Effectiveness of Fund engagement to be assessed for a sub-group of countries as input to broader review of Fund’s work with fragile states tentatively envisaged for late-2014.
- Arab countries in transition (ACTs):
  - Challenges: heightened socio-political tensions, regional insecurity, strained public finances complicating macro stability while meeting job creation and growth expectations.
  - Fund engagement via policy advice, financing, and scaled up capacity building; priorities include strengthening institutions and exploring avenues to mobilize additional financing with external partners.
  - Staff to brief the Board, in the run-up to a major conference in May 2014, on engagement with MENA countries and structural reform challenges.

### II. CROSS-CUTTING POLICY CHALLENGES
- Addressing fiscal fragility: high deficits and debt remain a concern; Fund to assist members in strengthening fiscal policy frameworks to reduce vulnerabilities and address sustainability risks.
- Debt sustainability:
  - Guidance note on application of the joint Bank-Fund debt sustainability framework for LICs to be issued to the Board in November 2013.
  - Staff to present possible operational reforms to the Fund’s debt limits policy in two meetings in January and in March 2014.
  - Update of the IMF-WB Guidelines for Public Debt Management scheduled for issuance in March 2014.
- Debt restructuring:
  - Board discussion in June 2014 on possible policy reforms to strengthen existing framework and explore implications of changes to the contractual approach to collective action problems.
  - Staff to propose a plan for next steps after Board discussion.
- Fiscal policy and institutions:
  - Board briefings planned: "Fiscal Policy and Equity" in January; "Current Challenges in Revenue Mobilization in Developing Countries" in September.
  - Paper "Budget Institutions in G-20 Countries: Status Report" to be issued in January 2014.
  - A Revised Code of Good Practices on Fiscal Transparency and a revised Manual on Fiscal Transparency to be issued in April 2014.
- Growth, jobs, and structural impediments:
  - Paper "Sustaining Long-Run Growth and Macro Stability in LICs: The Role of Structural Transformation and Diversification" scheduled for March 2014.
  - Structural reforms to be covered in background paper for the 2014 Triennial Surveillance Review.
  - Outreach planned to disseminate guidance note on jobs and growth.
  - Analytical work planned to examine linkages between sustained growth and income equality, effects and trade-offs of redistributive policies on growth, and issues related to informality.

### III. POLICIES FOR AN INTERCONNECTED WORLD
- Policy coherence, spillovers and imbalances:
  - Fund role: forum for multilateral policy dialogue, prepare members for global transitions, facilitate concerted action on spillovers and global imbalances.
  - Multilateral surveillance: implement Integrated Surveillance Decision, the Spillover Report, and the pilot External Sector Report; better integrate these with Article IV consultations and strengthen dissemination of multilateral analysis.
- Triennial Surveillance Review (TSR):
  - TSR to assess implementation of integrated surveillance framework and recent surveillance reforms, and focus, consistency, and evenhandedness of Fund policy advice.
  - Board to be briefed on preliminary findings in July 2014 ahead of formal meeting on TSR in September.
- Data gaps:
  - Ninth Review of the Fund’s Data Standards Initiatives to take place in mid-February 2014; discuss progress in SDDS Plus implementation.
  - Fifth progress report on closing data and information gaps under the G-20 Data Gaps Initiative to be provided to the Board in September 2014.
- Global financial system stability:
  - Continue supporting global financial system reform implementation and monitor risks to financial stability per the Financial Surveillance Strategy; strengthen macrofinancial linkages analysis in bilateral surveillance; reinforce technical assistance and training in financial sector oversight.
  - Regulatory reform: assess unintended consequences of global regulatory reform for financial market stability, especially for EMEs and LICs, and analyze risks of dilution and inconsistencies across jurisdictions in collaboration with the Financial Stability Board (FSB).
    - Conduct diagnostic work on implications for activities such as infrastructure financing and market making during transition to safer regulation; follow-up work on policy responses as needed.
    - Semi-annual Board briefings on state of global regulatory reform agenda planned for December 2013 and June 2014; May 2014 briefing on Cross-Border Resolution Regimes.
  - Financial stability:
    - December review of the September 2010 decision requiring mandatory FSAPs; update list of systemically important financial jurisdictions.
    - Guidance note on macroprudential policies envisaged by end-June 2014.
    - Paper on revisions to core and encouraged list of financial soundness indicators to be issued in November.
    - "Report on Developments in the AML/CFT Program, the New Assessment Methodology, and the Implications Going Forward" scheduled for mid-March 2014.
- International taxation:
  - Board discussion in May 2014 on "Spillovers and International Taxation" describing current international income tax rules and practices, assessing macroeconomic importance, and exploring policy responses.
- Lending and the global financial safety net:
  - Strengthen Fund’s lending framework to reduce stigma, address large swings in capital flows and potential crises, and reflect on broader architectural issues.
  - Well-designed programs:
    - Review of performance and relevance of the Flexible Credit Line, the Precautionary Liquidity Line, and the Rapid Financing Instrument (FCL/PLL/RFI) to be discussed in February 2014; cover operational issues including support for timely exit from these instruments.
    - Related papers: assessment of reserves adequacy (see below) and the Review of Access Policy and Surcharges.
    - Guidance note on conditionality to be issued in mid-2014.
    - For LICs, paper "Modernizing Monetary Policy Conditionality in Low-Income Countries" in January 2014 to discuss possible modifications to account for transition to more flexible monetary policy frameworks.
  - International monetary system (IMS):
    - December stock-take of performance of IMF reserves adequacy metrics.
    - Expanded guidance note on international reserves issues to be issued by April 2014 extending analytical work on reserves adequacy indicators for EMEs and LICs, and developing guidelines on external buffers in advanced and dollarized countries, in line with Board-endorsed IEO recommendations.
    - Before the Spring Meetings, staff note "Liquidity—Issues for Multilateral Surveillance" to illustrate new empirical research avenues on global liquidity.

### IV. STRENGTHENING THE FUND
- Governance:
  - Ratification of the 2010 reforms remains highest priority; management to keep Board informed about progress securing necessary consents.
  - Membership reiterated commitment to complete 15th Quota Review by end-January 2014; scheduling of Board meetings on the 15th Review to be kept under close review given ratification progress.
- Long-term strategy:
  - Staff to consolidate work on long-term trends and strategy, include stakeholder feedback, and consider ways to integrate long-term thinking into policies and operations; Executive Board to be briefed as work progresses.
- Capacity building:
  - Following recent paper on Fund’s capacity development strategy, Board to discuss in April and consider approving in June a Policy Statement on IMF Capacity Development to enhance effectiveness, delivery and outreach; this will replace the 2001 Policy Statement on IMF Technical Assistance.
- Communications:
  - Review of the IMF’s Communication Strategy in February 2014 to take stock of implementation of 2007 Board-discussed communication objectives and engage Board on measures to strengthen IMF communications.
- Internal operations:
  - High demands on staff given challenging global environment; some Board meetings carried over from Spring WP delayed, postponed, or dropped due to competing work pressures.
  - Human resource management and diversity: continued focus on people management to support work program execution.

*Statement by the Managing Director on the Work Program of the Executive Board, Executive Board Meeting November 25, 2013.*

### Employment and Human Resources
- A meeting on Categories of Employment will recommend changes to the Fund's existing employment framework in April 2014.
- The accountability framework for department heads for FY2015 will target reductions in overtime in the Fund.
- Achieving overtime reductions will require discipline and a clear prioritization of work.
- The status of progress on diversity and inclusion will be discussed in a meeting in June on the 2014 Diversity and Inclusion Annual Report.

### Budget, Finances, Risk, and Audit
- The Board will discuss the Review of the Adequacy of the Fund’s Precautionary Balances (January 2014).
- The Board will discuss the Review of Access Policy and Surcharges (March 2014).
- Following a budget committee meeting in February, the FY2015–17 Medium-Term Budget and Fund’s Income Position will be presented for discussion in April 2014.
- The Review of the Investment Strategy for the Reserves Portfolio will be considered by the Board in April 2014.
- The paper Implementation of the Investment Strategy for the Endowment: Further Considerations will be considered by the Board in May 2014.
- The Report on Risk Management will present the annual Fund-wide risk management assessment in June 2014.
- In line with established practice, the Briefing by the External Audit Committee will take place in February and July 2014.
- Engagement of the Board on aspects of the Fund’s audit arrangements will take place in December.

### IEO Reviews
- Two IEO reviews are carried over from the Spring WP:
  - IMF Forecasts: Process, Quality, and Country Perspectives — discussions planned for February 2014.
  - Learning from Experience at the IMF: An IEO Assessment of Self-Evaluation Systems — discussions planned for March 2014.

### Fall 2013 GPA Priorities and Key Work Program Deliverables (selected items and timing as presented)
- Timeline span: November 2013 through July–Oct 2014.
- Major deliverables and scheduled items (verbatim terms preserved):
  - WEO/GFSR/FM
  - External Sector Report
  - Spillover Report
  - Spillovers and Int. Taxation
  - WEMD
  - Mon Pol: Role Now and in Future
  - Small States Guidance Note
  - Role of Financial Deepening in EMEs
  - Mandatory Financial Stability Assessments
  - Cross-Border Resolution
  - 15th GRQ
  - Debt Limits: Reform Proposals
  - Sovereign Debt Restructuring
  - Role of Structural Tranformation in LICs
  - Enhancing Revenue Mobilization in LICs
  - Fiscal Policy and Equity
  - FCL/PLL/RFI Review
  - Reserve Adequacy Assessment
  - LIC: Monetary Policy Conditionality
  - Guidance Note on Reserve Adequacy
  - Guidelines for Public Debt Management
  - Guidance Note on Debt Sustainability Framework
  - Liquidity and Multilateral Surveillance
  - Guidance Note on Conditionality
  - Categories of Employment
  - FY2015–17 Medium-Term Budget
  - LICs : Prospects, Vulnerabilities, Policy Challenges
  - Diversity and Inclusion Annual Report
  - Capacity Dev. Policy Statement
  - TSR Report
  - Debt Limits: Operational Proposals
  - Review of Comm. Strategy
  - Adequacy of Precautionary Balances
  - Fund's Income Position
  - Review of Access Policies and Surcharges
  - Guidance Note on Macroprudential Policies
  - WEMD
  - EWE
  - GPA
  - EWE
  - Structural Reforms and Fund Engagement in ACTs
  - Legacy Item Spring WP (delayed)
  - Le gac y I t e m S pr i ng WP ( on t r ack)
  - New item added to the WP

*Source: _112513 - Section 2 (extracted content).*

### Section 1

### _112513 - Section 1

### I. TUNING THE ENGINES OF GROWTH
- Objective: Move from stabilization to "strong, sustainable, balanced, and inclusive growth" through more ambitious policy implementation; Fund assistance via bilateral and multilateral surveillance, capacity building, and financial support.
- Global schedule and surveillance:
  - Joint Board session of the WEO, GFSR, and Fiscal Monitor ahead of the Spring Meetings in March 2014, following a WEMD Update in January.
  - Early Warning Exercise (EWE) discussed in run-up to Spring Meetings; Managing Director’s Global Policy Agenda to review policy implementation.
  - Area departments to brief the Executive Board regularly on regional developments.
- Advanced economies:
  - Focus on appropriate macroeconomic policy mix to support recovery, sequencing and impact of normalization of unconventional monetary policy (UMP), and spillovers.
  - Emphasize growth-friendly fiscal consolidation anchored by medium-term plans, and progress on fiscal, financial and structural reforms.
  - Clustered Article IV reports and strengthened spillover analysis to be undertaken continuously (see ¶6).
  - Fall 2014 umbrella paper "Monetary Policy: Its Role Now and in the Future" to discuss principles and architecture for future monetary policy.
  - Continued advice and technical assistance on legacy crisis issues (high deficits and debt) and tailored structural reforms to raise competitiveness and stimulate job creation and labor force participation.
- Emerging market economies (EMEs):
  - Assist members to strengthen resilience to spillovers during transition to more normal financial conditions.
  - Staff to review recent country experiences on capital flow volatility and appropriate policy responses (monetary, exchange rate, other policies) and broader policy frameworks; Board engagement as work advances.
  - Role and use of reserves as external buffer to be discussed by the Board in December (see ¶9).
  - Second-half 2014 paper "Enhancing Resilience and Supporting Growth in Emerging Markets: Role of Financial Deepening" to examine financial deepening needs and scope; follow-on to Asia and Pacific, and Monetary and Capital Markets departments’ work on future of Asia’s finance.
  - Analytical work planned to further examine potential growth trajectory and productivity-enhancing structural reforms in EMEs.
- Low-income countries (LICs):
  - Main challenge: use solid growth to strengthen buffers and sustain more inclusive long-term growth.
  - Strengthen analytical underpinnings of policy advice; maintain capacity building; assist via reformed LIC lending framework.
  - Staff to report to the Board on cross-cutting issues including evolution of vulnerabilities and divergent growth trends across LICs, via a set of papers or a unified report well in advance of the 2014 Annual Meetings.
  - Board to discuss papers on strengthening fiscal policy frameworks (see ¶4) and structural diversification and transformation (see ¶5).
- Small states:
  - Priority: improve growth performance and build resilience to shocks.
  - Staff engagement through capacity building and policy advice, guided by a guidance note expected to be issued in December.
- Fragile states:
  - Instruments and facilities in place for about a dozen low-income members in fragile situations.
  - Continue to draw on 2012 guidance note for early engagement and flexible use of Fund tools.
  - Effectiveness of Fund engagement to be assessed for a sub-group of countries as input to broader review of Fund’s work with fragile states tentatively envisaged for late-2014.
- Arab countries in transition (ACTs):
  - Challenges: heightened socio-political tensions, regional insecurity, strained public finances complicating macro stability while meeting job creation and growth expectations.
  - Fund engagement via policy advice, financing, and scaled up capacity building; priorities include strengthening institutions and exploring avenues to mobilize additional financing with external partners.
  - Staff to brief the Board, in the run-up to a major conference in May 2014, on engagement with MENA countries and structural reform challenges.

### II. CROSS-CUTTING POLICY CHALLENGES
- Addressing fiscal fragility: high deficits and debt remain a concern; Fund to assist members in strengthening fiscal policy frameworks to reduce vulnerabilities and address sustainability risks.
- Debt sustainability:
  - Guidance note on application of the joint Bank-Fund debt sustainability framework for LICs to be issued to the Board in November 2013.
  - Staff to present possible operational reforms to the Fund’s debt limits policy in two meetings in January and in March 2014.
  - Update of the IMF-WB Guidelines for Public Debt Management scheduled for issuance in March 2014.
- Debt restructuring:
  - Board discussion in June 2014 on possible policy reforms to strengthen existing framework and explore implications of changes to the contractual approach to collective action problems.
  - Staff to propose a plan for next steps after Board discussion.
- Fiscal policy and institutions:
  - Board briefings planned: "Fiscal Policy and Equity" in January; "Current Challenges in Revenue Mobilization in Developing Countries" in September.
  - Paper "Budget Institutions in G-20 Countries: Status Report" to be issued in January 2014.
  - A Revised Code of Good Practices on Fiscal Transparency and a revised Manual on Fiscal Transparency to be issued in April 2014.
- Growth, jobs, and structural impediments:
  - Paper "Sustaining Long-Run Growth and Macro Stability in LICs: The Role of Structural Transformation and Diversification" scheduled for March 2014.
  - Structural reforms to be covered in background paper for the 2014 Triennial Surveillance Review.
  - Outreach planned to disseminate guidance note on jobs and growth.
  - Analytical work planned to examine linkages between sustained growth and income equality, effects and trade-offs of redistributive policies on growth, and issues related to informality.

### III. POLICIES FOR AN INTERCONNECTED WORLD
- Policy coherence, spillovers and imbalances:
  - Fund role: forum for multilateral policy dialogue, prepare members for global transitions, facilitate concerted action on spillovers and global imbalances.
  - Multilateral surveillance: implement Integrated Surveillance Decision, the Spillover Report, and the pilot External Sector Report; better integrate these with Article IV consultations and strengthen dissemination of multilateral analysis.
- Triennial Surveillance Review (TSR):
  - TSR to assess implementation of integrated surveillance framework and recent surveillance reforms, and focus, consistency, and evenhandedness of Fund policy advice.
  - Board to be briefed on preliminary findings in July 2014 ahead of formal meeting on TSR in September.
- Data gaps:
  - Ninth Review of the Fund’s Data Standards Initiatives to take place in mid-February 2014; discuss progress in SDDS Plus implementation.
  - Fifth progress report on closing data and information gaps under the G-20 Data Gaps Initiative to be provided to the Board in September 2014.
- Global financial system stability:
  - Continue supporting global financial system reform implementation and monitor risks to financial stability per the Financial Surveillance Strategy; strengthen macrofinancial linkages analysis in bilateral surveillance; reinforce technical assistance and training in financial sector oversight.
  - Regulatory reform: assess unintended consequences of global regulatory reform for financial market stability, especially for EMEs and LICs, and analyze risks of dilution and inconsistencies across jurisdictions in collaboration with the Financial Stability Board (FSB).
    - Conduct diagnostic work on implications for activities such as infrastructure financing and market making during transition to safer regulation; follow-up work on policy responses as needed.
    - Semi-annual Board briefings on state of global regulatory reform agenda planned for December 2013 and June 2014; May 2014 briefing on Cross-Border Resolution Regimes.
  - Financial stability:
    - December review of the September 2010 decision requiring mandatory FSAPs; update list of systemically important financial jurisdictions.
    - Guidance note on macroprudential policies envisaged by end-June 2014.
    - Paper on revisions to core and encouraged list of financial soundness indicators to be issued in November.
    - "Report on Developments in the AML/CFT Program, the New Assessment Methodology, and the Implications Going Forward" scheduled for mid-March 2014.
- International taxation:
  - Board discussion in May 2014 on "Spillovers and International Taxation" describing current international income tax rules and practices, assessing macroeconomic importance, and exploring policy responses.
- Lending and the global financial safety net:
  - Strengthen Fund’s lending framework to reduce stigma, address large swings in capital flows and potential crises, and reflect on broader architectural issues.
  - Well-designed programs:
    - Review of performance and relevance of the Flexible Credit Line, the Precautionary Liquidity Line, and the Rapid Financing Instrument (FCL/PLL/RFI) to be discussed in February 2014; cover operational issues including support for timely exit from these instruments.
    - Related papers: assessment of reserves adequacy (see below) and the Review of Access Policy and Surcharges.
    - Guidance note on conditionality to be issued in mid-2014.
    - For LICs, paper "Modernizing Monetary Policy Conditionality in Low-Income Countries" in January 2014 to discuss possible modifications to account for transition to more flexible monetary policy frameworks.
  - International monetary system (IMS):
    - December stock-take of performance of IMF reserves adequacy metrics.
    - Expanded guidance note on international reserves issues to be issued by April 2014 extending analytical work on reserves adequacy indicators for EMEs and LICs, and developing guidelines on external buffers in advanced and dollarized countries, in line with Board-endorsed IEO recommendations.
    - Before the Spring Meetings, staff note "Liquidity—Issues for Multilateral Surveillance" to illustrate new empirical research avenues on global liquidity.

### IV. STRENGTHENING THE FUND
- Governance:
  - Ratification of the 2010 reforms remains highest priority; management to keep Board informed about progress securing necessary consents.
  - Membership reiterated commitment to complete 15th Quota Review by end-January 2014; scheduling of Board meetings on the 15th Review to be kept under close review given ratification progress.
- Long-term strategy:
  - Staff to consolidate work on long-term trends and strategy, include stakeholder feedback, and consider ways to integrate long-term thinking into policies and operations; Executive Board to be briefed as work progresses.
- Capacity building:
  - Following recent paper on Fund’s capacity development strategy, Board to discuss in April and consider approving in June a Policy Statement on IMF Capacity Development to enhance effectiveness, delivery and outreach; this will replace the 2001 Policy Statement on IMF Technical Assistance.
- Communications:
  - Review of the IMF’s Communication Strategy in February 2014 to take stock of implementation of 2007 Board-discussed communication objectives and engage Board on measures to strengthen IMF communications.
- Internal operations:
  - High demands on staff given challenging global environment; some Board meetings carried over from Spring WP delayed, postponed, or dropped due to competing work pressures.
  - Human resource management and diversity: continued focus on people management to support work program execution.

*Statement by the Managing Director on the Work Program of the Executive Board, Executive Board Meeting November 25, 2013.*

### Section 2

### _112513 - Section 2

### Employment and Human Resources
- A meeting on Categories of Employment will recommend changes to the Fund's existing employment framework in April 2014.
- The accountability framework for department heads for FY2015 will target reductions in overtime in the Fund.
- Achieving overtime reductions will require discipline and a clear prioritization of work.
- The status of progress on diversity and inclusion will be discussed in a meeting in June on the 2014 Diversity and Inclusion Annual Report.

### Budget, Finances, Risk, and Audit
- The Board will discuss the Review of the Adequacy of the Fund’s Precautionary Balances (January 2014).
- The Board will discuss the Review of Access Policy and Surcharges (March 2014).
- Following a budget committee meeting in February, the FY2015–17 Medium-Term Budget and Fund’s Income Position will be presented for discussion in April 2014.
- The Review of the Investment Strategy for the Reserves Portfolio will be considered by the Board in April 2014.
- The paper Implementation of the Investment Strategy for the Endowment: Further Considerations will be considered by the Board in May 2014.
- The Report on Risk Management will present the annual Fund-wide risk management assessment in June 2014.
- In line with established practice, the Briefing by the External Audit Committee will take place in February and July 2014.
- Engagement of the Board on aspects of the Fund’s audit arrangements will take place in December.

### IEO Reviews
- Two IEO reviews are carried over from the Spring WP:
  - IMF Forecasts: Process, Quality, and Country Perspectives — discussions planned for February 2014.
  - Learning from Experience at the IMF: An IEO Assessment of Self-Evaluation Systems — discussions planned for March 2014.

### Fall 2013 GPA Priorities and Key Work Program Deliverables (selected items and timing as presented)
- Timeline span: November 2013 through July–Oct 2014.
- Major deliverables and scheduled items (verbatim terms preserved):
  - WEO/GFSR/FM
  - External Sector Report
  - Spillover Report
  - Spillovers and Int. Taxation
  - WEMD
  - Mon Pol: Role Now and in Future
  - Small States Guidance Note
  - Role of Financial Deepening in EMEs
  - Mandatory Financial Stability Assessments
  - Cross-Border Resolution
  - 15th GRQ
  - Debt Limits: Reform Proposals
  - Sovereign Debt Restructuring
  - Role of Structural Tranformation in LICs
  - Enhancing Revenue Mobilization in LICs
  - Fiscal Policy and Equity
  - FCL/PLL/RFI Review
  - Reserve Adequacy Assessment
  - LIC: Monetary Policy Conditionality
  - Guidance Note on Reserve Adequacy
  - Guidelines for Public Debt Management
  - Guidance Note on Debt Sustainability Framework
  - Liquidity and Multilateral Surveillance
  - Guidance Note on Conditionality
  - Categories of Employment
  - FY2015–17 Medium-Term Budget
  - LICs : Prospects, Vulnerabilities, Policy Challenges
  - Diversity and Inclusion Annual Report
  - Capacity Dev. Policy Statement
  - TSR Report
  - Debt Limits: Operational Proposals
  - Review of Comm. Strategy
  - Adequacy of Precautionary Balances
  - Fund's Income Position
  - Review of Access Policies and Surcharges
  - Guidance Note on Macroprudential Policies
  - WEMD
  - EWE
  - GPA
  - EWE
  - Structural Reforms and Fund Engagement in ACTs
  - Legacy Item Spring WP (delayed)
  - Le gac y I t e m S pr i ng WP ( on t r ack)
  - New item added to the WP

*Source: _112513 - Section 2 (extracted content).*

---


_Source: https://www.imf.org/-/media/websites/imf/imported-full-text-pdf/external/np/pp/eng/2013/_112513.pdf_