Statement by the Managing Director on the Independent Evaluation Office Report on the IMF’s Exceptional Access Policy: Executive Board Meeting December 5, 2024

Policy Papers, December 12, 2024

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Statement by the Managing Director on the Independent Evaluation Office Report on the IMF’s Exceptional Access Policy: Executive Board Meeting December 5, 2024

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Bibliographic details

• Published: December 12, 2024
• Series: Policy Papers
• DOI: https://doi.org/10.5089/9798400295713.007

Evaluation scope and coverage

• The evaluation assesses the IMF’s EAP from its inception in 2002 through mid-2023, the launch of the evaluation.
• The analysis draws on experience with 38 Exceptional Access (EA) arrangements during the evaluation period.
• The evaluation spans:
  • the EAP’s objectives and design,
  • successive reforms,
  • experience with implementation.
• Historical policy review milestones noted:
  • one comprehensive review in 2004,
  • policy examined and modified in 2009, 2010, and 2016.

Key themes and subject focus

• Subject areas covered:
  • Balance of payments,
  • Balance of payments need,
  • Debt sustainability,
  • External debt.
• Keywords used in the publication:
  • Balance of payments need,
  • Debt sustainability,
  • EA program proposal,
  • EAP framework,
  • EAP procedure,
  • EAP provisions,
  • EAP review,
  • ERM policy,
  • Global,
  • program staff report.

Content in this bundle

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