Staff Guidance Note on The Implementation of The IMF Strategy for Fragile and Conflict-Affected States (FCS)
Policy Papers, March 22, 2023
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- Staff Guidance Note on The Implementation of The IMF Strategy for Fragile and Conflict-Affected States (FCS)
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Bibliographic details
- Published: March 22, 2023
- Series: Policy Papers
- DOI: https://doi.org/10.5089/9798400235337.007
Overview / Purpose
- Provides operational advice and information to help staff implement the IMF Strategy for Fragile and Conflict-Affected States (FCS) approved by the Executive Board on March 9, 2022.
- Aims to ensure Fund engagement is appropriately tailored to country-specific manifestations of fragility and/or conflict.
Core topics covered
- (i) The new IMF FCS classification methodology, which is aligned with that of the World Bank.
- (ii) The preparation of Country Engagement Strategies (CES) that will be rolled out across FCS.
- (iii) Advice on tailoring the thematic focus of Article IV consultations and Fund analytics to FCS, as well as on the prioritization, design, and implementation of capacity development (CD) projects in fragile contexts.
- (iv) Guidance on making full use of the flexibilities of the lending toolkit.
- (v) Guidance on engaging in specific FCS situations, including:
- building accountable institutions to exit fragility,
- cases of rising fragility risks,
- active conflict,
- post-conflict,
- addressing the impact of external shocks and spillovers.
- (v) Strengthening partnerships with humanitarian, development, and peace actors, in accordance with the Fund’s mandate.
Operational guidance and implementation areas
- Country Engagement Strategies (CES)
- Rollout of CES across FCS to tailor Fund engagement to country-specific fragility/conflict manifestations.
- Dedicated annex provides additional information on the CES process.
- Surveillance and analytics
- Tailoring thematic focus of Article IV consultations and Fund analytics for FCS circumstances.
- Capacity development (CD)
- Prioritization, design, and implementation of CD projects in fragile contexts.
- Lending toolkit
- Guidance on making full use of the flexibilities of the lending toolkit for FCS.
- Specific FCS situations
- Practical guidance for building accountable institutions, managing rising fragility risks, operating in active conflict and post-conflict contexts, and addressing external shocks and spillovers.
- Partnerships
- Strengthening partnerships with humanitarian, development, and peace actors, aligned with the Fund’s mandate.
- Governance
- Dedicated annex addressing good governance in FCS.
Annexes and examples
- Dedicated annexes provide:
- Additional information on the CES process.
- Guidance on addressing good governance in FCS.
- Program design guidance.
- Country examples of Fund engagement in FCS.
Subjects and keywords (as listed)
- Subjects:
- Absorptive capacity, Balance of payments, Balance of payments need, Capacity utilization, Climate change, Environment, Monetary policy, Political economy, Production, Public financial management (PFM)
- Keywords:
- absorptive capacity, balance of payments, Balance of payments need, capacity development, Capacity utilization, Climate change, conflict, country engagement strategies, FCS circumstances, FCS classification, FCS list, FCS staff development, FCS strategy, fragile and conflict-affected states, fragility, Global, governance, inclusive growth, macroeconomic policy, partnerships, political economy, Sub-Saharan Africa, surveillance, West Africa
Content in this bundle
- Policy Paper
- Policy Paper
- Policy Paper
- Policy Paper
- Fy26 List of Fragile and Conflict-Affected States