Statement by the Managing Director on the FY 2025 Work Program of the Executive Board Executive Board Meeting March 8, 2024

Policy Papers, May 3, 2024

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Statement by the Managing Director on the FY 2025 Work Program of the Executive Board Executive Board Meeting March 8, 2024

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Bibliographic details

• Published: May 3, 2024
• Series: Policy Papers
• DOI: https://doi.org/10.5089/9798400273612.007

Overview

• This Executive Board Work Program (BWP) is for FY 2025 (May 2024 to April 2025).
• It is the first BWP since the Executive Board began to pilot a new strategic cycle intended to incorporate Directors’ broader views on work priorities at an earlier stage in the planning process for the fiscal year.
• High-level costing indicators are included for non-recurring items based on a pilot costing exercise.
• The BWP covers a range of activities to support the Fund’s membership in responding to current challenges.

Objectives and Focus

• Support the membership through:
  • prompt and tailored policy advice,
  • financial assistance,
  • support for debt restructuring, and
  • capacity development.
• Ensure the Board can continue to closely monitor economic and financial developments and discuss macro policy responses.
• Provide opportunities to deliberate on key Fund policies and operations.

Process and Pilots

• Pilot of a new strategic cycle: aims to incorporate Directors’ broader views on work priorities earlier in the fiscal-year planning process.
• Pilot costing exercise: produced high-level costing indicators for non-recurring items.

Operational Constraints and Flexibility

• The BWP will need to remain flexible to prioritize the membership’s changing needs.
• Flexibility must be maintained while operating within the Fund’s constrained budget environment.

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• Policy Paper
  • Policy Paper (Markdown version)
  • Policy Paper (PDF)