High-Level Summary Technical Assistance Reports
The High-Level Summary Technical Assistance Report series provides high-level summaries of the assistance provided to IMF capacity development recipients, describing the high-level objectives, findings, and recommendations.
2025
June 17, 2025
Peru: Cybersecurity Strategy for the Financial Sector
Description: Cyber risk is recognized by authorities as posing a significant threat to the financial sector and overall financial stability in Peru. With further digitalization expected, authorities have plans to develop a comprehensive cybersecurity strategy for the financial sector. Guided by the G7 Fundamental Elements of Cybersecurity for the Financial Sector, this covers: cybersecurity strategy and framework; governance; risk and control assessment; monitoring; response; recovery; information sharing; and continuous learning. There could be challenges in implementing the cybersecurity strategy, which could be overcome with sector coordination and collective action [88 words].
June 12, 2025
Republic of Uzbekistan: Review of Near-Term Forecasting Framework of the Central Bank of Uzbekistan
Description: This Technical Assistance followed a request by the Central Bank of Uzbekistan for a review of their nowcasting and near-term forecasting system. Over the past few years, the central bank has developed a nowcasting and near-term forecasting entirely with their own resources. The Central Bank’s management sought an external expert review and suggestions for further development, focusing on closer integration and expansion of the system with the established medium-term forecasting framework, policy analysis system, and the policy-advising process.
June 10, 2025
Dominican Republic: Technical Assistance Project on the development of a Macroeconomic Projections Tool: End-project Report
Description: This document outlines the main achievements of the Technical Assistance Project led by the IMF’s Institute for Capacity Development in the Dominican Republic from January 2023 to September 2024. The project supported capacity building in macroeconomic forecasting and analysis within the Ministry of Finance (MoF) and facilitated the development and implementation of a macroeconomic projections tool grounded on Financial Programming principles. Significant gains have been observed in the MoF team’s ability to independently operate this tool, and by the end of the project, early signs of its incorporation into the policy process are encouraging. Additionally, the document outlines recommendations to foster its use for policymakers which were discussed with the authorities during the end-project mission. Overall, the project outcomes are expected to positively contribute to the quality of the medium-term macroeconomic and fiscal frameworks.
June 6, 2025
Romania: A Tax Mix to Achieve Fiscal Sustainability and Fairness
Description: Romania’s medium-term fiscal framework calls for the fiscal deficit to decline gradually from about 8 percent of GDP in 2024 to 7 percent in 2025 and 3 percent (or less) by 2031. With limited scope for expenditure consolidation ‒ given the low expenditure-to-GDP ratio ‒ revenue mobilization is imperative. IMF technical assistance proposes a tax reform package aimed at mobilizing revenues, while improving work incentives, remaining attractive to capital investments, and closing loopholes for abusive tax planning. The key recommendations shift the fiscal burden away from labor taxation (including social insurance contributions) toward taxes on consumption and, to a lesser extent, on capital. The detailed recommendations, if fully implemented, can generate revenues of at least 1.2 percent of GDP in 2025.
June 4, 2025
Zimbabwe: Data Quality Assessment for Public Sector Debt Statistics
Description: In February 2025, an assessment was undertaken of the data quality of the public sector debt statistics (PSDS) of the Republic of Zimbabwe against the IMF’s Data Quality Assessment Framework (DQAF) for PSDS. The assessment was undertaken as part of a project to strengthen the quality of public sector debt statistics in selected African countries, funded by the Government of Japan. The assessment reviewed the PSDS compilation and dissemination practices against each element of the DQAF and presented a series of recommendations to improve the quality and transparency of the PSDS of the Republic of Zimbabwe.
May 30, 2025
Lao, People's Democratic Republic: Training on Risk-Based Supervision
Description: Supporting the Authority´s objectives on development of risk-based supervision of the banking sector, this technical assistance for the Bank of Lao P.D.R., conducted in Vientiane from June 10–14, 2024, provided advice on improvement of the aspects of risk-based supervision, including revising manual and reporting framework.
May 23, 2025
Union of Comoros: Operationalization of the Revised Law on the Resolution of Financial Institutions
Description: In August-September 2024, the IMF's Monetary and Capital Markets Department assisted the Central Bank of Comoros (BCC) in operationalizing a special resolution regime under the Law on the Recovery and Resolution of Financial Institutions (LRIF). The technical assistance focused on enhancing the BCC's capacity for bank restructuring and resolution, including on resolution tool and funding mechanism, and depositor preference. Despite progress in legal framework development, challenges persist, in particular due to the underdeveloped financial safety net and the absence of liquidity support mechanisms. Recommendations emphasize prioritizing suitable resolution tools, strengthening the liquidity assistance framework and establishing a resolution funding mechanism to enhance financial stability in Comoros.
May 20, 2025
People’s Republic of China: Advancing Risk Management for Large Taxpayers
Description: This summary provides an overview of guidance provided to State Taxation Administration officials on ways to advance risk management for large taxpayers. Building from previous FAD guidance, this report focused on enhancing risk management, and governance and accountability.
May 13, 2025
Philippines: Developing a Regulatory and Supervisory Framework for Operational Resilience
Description: Monetary and Capital Markets (MCM) department delivered a hybrid technical assistance (TA) mission to assist the Bangko Sentral ng Pilipinas (BSP) in developing a supervisory framework for operational resilience. An earlier mission in 2022 assisted BSP to develop a regulatory framework for operational resilience. The virtual mission focused on taking stock of developments since the regulation was developed. The in-person mission developed concepts and thinking on operational resilience supervisory framework and imparted training to supervisors. The mission is supported by senior management well. Recommendations included reflecting Basel Core Principle 25 (BCP25) in the draft regulation, developing internal guidance for supervisors, adjusting risk rating methodology and leveraging the experience of the working group.
May 6, 2025
Islamic Republic of Mauritania: Improving Administration of Hydrocarbon Tax Revenues
Description: The Islamic Republic of Mauritania will soon commence gas production through the Grand Tortue Ahmeyim, a major natural gas development situated offshore between Mauritania and Senegal. This mission assessed the current situation of the management of the hydrocarbon tax revenues and provided advice to the revenue administrations on the necessary steps required for effective oversight of hydrocarbon revenue administration. Additionally, it developed a medium-term capacity development (CD) plan for this sector.