## 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/2014/_091014.pdf)

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### Definition and context
- Longer-term program engagement (LTPE) occurs when a member has spent at least seven of the past 10 years under Fund-supported financial arrangements.
- This is the fifteenth such report and provides information through September 1, 2014.
- 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, ENDA/EPCA, or RFI does not count towards LTPE.  
- Time spent under the Policy Support Instrument (PSI), the precautionary use of the Flexible Credit Line (FCL), Precautionary and Liquidity Line (PLL), or the GRA or PRGT resources that remain undrawn throughout the arrangement does not count toward LTPE.

### Ex Post Assessments (EPAs) — coverage and recent activity
- An Ex Post Assessment (EPA) is required for members identified as meeting the LTPE definition, and for whom an EPA has not been prepared in the past five years.
- As of September 1, 2014, the Executive Board had discussed EPAs for 54 members.
- The Grenada EPA was the only one discussed in the past 12 months.

### Incidence of LTPE (key counts and recent changes)
- Fourteen members met the LTPE definition as of September 1, 2014.
- Since the time of the last report, Afghanistan and Haiti were added to the list of countries with LTPE, while Mauritania no longer meets the LTPE definition.

### Expected EPA activity in the next 12 months
- EPA reports for Afghanistan and Haiti are expected to be produced in the next twelve months.
- The Haiti EPA report is expected to be discussed by the Executive Board together with the last review under the current ECF arrangement, recently extended through December 28, 2014.
- In the case of Afghanistan, should a successor arrangement be contemplated, an EPA report would be prepared for Board discussion prior to a request for such arrangement in line with the policy and the guideline.
- For all other countries meeting the LTPE definition, EPA reports or updates have been issued within the last five years and therefore no assessments are required in the next twelve months.

### Members meeting the LTPE definition (as of September 1, 2014)
- PRGT-eligible Members (Current Arrangement / No Current Arrangement):
  - Afghanistan, I.S. of
  - Burkina Faso
  - Burundi
  - Gambia
  - Grenada
  - Haiti
  - Malawi
  - Mali
  - Niger
  - Sao Tome & Principe
  - Sierra Leone
- Non-PRGT-eligible Members (Current Arrangement / No Current Arrangement):
  - Benin
  - Armenia, Republic of
  - Kyrgyz Republic

*Source: IMF staff.*

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_Source: https://www.imf.org/-/media/websites/imf/imported-full-text-pdf/external/np/pp/eng/2014/_091014.pdf_