Policy Papers

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

December 12, 2024

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Format: Chicago

International Monetary Fund. Independent Evaluation Office "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 2024, 063 (2024), accessed January 23, 2025, https://doi.org/10.5089/9798400295713.007

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Summary

The evaluation assesses the IMF’s EAP from its inception in 2002 through mid-2023, the launch of the evaluation. Drawing on experience with 38 Exceptional Access (EA) arrangements during the evaluation period, the analysis spans the EAP’s objectives and design, successive reforms, and experience with implementation. It notes that there has been one comprehensive review of the EAP, in 2004, although the policy was examined and modified in 2009, 2010, and 2016.

Subject: Balance of payments, Balance of payments need, Debt sustainability, External debt

Keywords: Balance of payments need, Debt sustainability, EA program proposal, EAP framework, EAP procedure, EAP provisions, EAP review, ERM policy, Global, Program staff report

Publication Details

Notes

The Chair’s Summing Up Independent Evaluation Office—The IMF’s Exceptional Access Policy: Executive Board Meeting: Executive Board Meeting December 5, 2024

 

The IMF’s Exceptional Access Policy: Evaluation Report, Dec 2024

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