The IMF Strategy for Fragile and Conflict-Affected States
Policy Papers, March 14, 2022
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- The IMF Strategy for Fragile and Conflict-Affected States
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Bibliographic details
- Published: March 14, 2022
- Series: Policy Papers
- DOI: https://doi.org/10.5089/9798400201820.007
Summary and Objective
- Proposes a comprehensive Strategy to strengthen IMF support to FCS in accordance with the Fund’s mandate and comparative advantage.
- Responds to the Board-endorsed recommendations of the 2018 Independent Evaluation Office (IEO) Report on The IMF and Fragile States.
- Includes measures to better support staff working on FCS.
- Addresses inherent risks in FCS engagement by phasing in the Strategy starting in FY22, with implementation gradually accelerating between FY23-FY25.
Implementation, Timeline, and Resources
- Phased implementation start: FY22.
- Gradual acceleration of implementation: between FY23-FY25.
- Strategy will benefit from additional resources reflected in the FY23-25 Medium-Term Budget, as per the budget augmentation framework discussed by the Board in December 2021.
Major Themes and Areas Covered
- Absorptive capacity
- Balance of payments
- Climate change
- Economic growth
- Environment
- Fiscal policy
- Inclusive growth
- Macro-fiscal framework
- Monetary policy
- Political economy
- Public financial management (PFM)
Keywords and Focus Elements
- Absorptive capacity
- Asia and Pacific
- Climate change
- engagement model
- FCS strategy
- field presence
- Global
- IMF core activity
- IMF engagement
- IMF FCS list
- IMF field presence
- Inclusive growth
- Macro-fiscal framework
- staffing change
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- Policy Paper