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.

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2024

March 15, 2024

Developing Supervisory Review and Evaluation Process SRP Framework

Description: The International Monetary Fund (IMF)’s Middle East Regional Technical Assistance Center (METAC) is currently assisting the Central Bank of Jordan (CBJ) in enhancing its risk-based supervision through the development of a Supervisory Review and Evaluation SRP framework inspired from European Central Bank (ECB) methodology. The Technical Assistance (TA) mission is part of a multi-step medium-term project. The TA mission aimed to design, in coordination with CBJ, a progressive multi-step roadmap defining the major milestones for a full implementation of SRP. The mission noted that several dimensions should be taken into consideration when implementing the SRP, most notably bridging the data gap by building a fully-fledged supervisory risk database through a dedicated IT project, assessing whether the current organization of the Banking Supervisory Department should be adjusted, and progressively cover all material sources of risks in the SRP.

March 12, 2024

Report on Financial Soundness Indicators Technical Assistance

Description: The mission assisted the staff of the Maldives Monetary Authority (MMA) to compile financial soundness indicators (FSIs) in line with the IMF’s 2019 FSIs Compilation Guide, improve the data frequency of FSIs for deposit takers to monthly, and prepare new FSIs for insurance corporations.

March 6, 2024

Report on the Financial Soundness Indicators Technical Assistance Mission

Description: The mission assisted the staff of the Central Bank of the Republic of Azerbaijan (CBAR) in compiling financial soundness indicators (FSIs) in line with the IMF’s 2019 FSIs Compilation Guide. Specifically, the mission assisted the CBAR to compile 14 core and 9 additional monthly FSIs for deposit takers, one additional monthly FSI on real estate markets, and two additional quarterly FSIs on the size of other financial corporation’s subsector.

February 28, 2024

Uganda: PFM Climate Assessment: Public Investment and Fiscal Risks Management

Description: Uganda has committed to an ambitious climate change mitigation and adaption agenda. To achieve this, the country has developed a sound framework to enhance climate change sensitivity across public financial and public investment management. The framework clearly allocates responsibilities, enhances coordination, and requires the identification of climate expenses in the budget documentation. However, gaps remain in some key regulations, primarily on project appraisal, and some initiatives are in early stages of implementation and need further guidance and training. The Climate Public Investment Management Assessment proposes reforms across multiple areas, underscoring as priority areas project appraisal and selection, and budgeting and portfolio management.

February 13, 2024

Report on Government Finance Statistics Technical Assistance: Republic of Serbia

Description: In 2022, Serbia introduced a new budget system law with fiscal rules based on general government, as defined in the international statistical standards. The Serbian Ministry of Finance is committed to upgrading their fiscal reporting so as to report against these fiscal rules by 2025. Against this background, the International Monetary Fund’s Statistics Department has provided technical assistance during 2022 and 2023 to assist the MOF to extend and improve their monthly government finance statistics, in accordance with the Government Finance Statistics Manual 2014, to cover all materially significant general government units.

February 5, 2024

South Sudan: Strengthening Budget Execution

Description: Public financial management reforms in the Government of South Sudan are proceeding within a challenging environment as the post-civil war recovery remains fragile. As a result, the Ministry of Finance and Planning faces significant challenges in preparing realistic budgets and enforcing disciplined budget execution. To strengthen budget execution, the key areas requiring reform include strengthening processes for the management of expenditure and controlling commitments; improving fiscal reporting to ensure it is timely, accurate, and comprehensive; and improved cash management, particularly through implementing a Treasury Single Account. The Government has requested the assistance of a Fiscal Affairs Department Resident Public Financial Management Advisor who has been appointed and will support several reforms to budget execution, cash management, and fiscal reporting.

February 5, 2024

Angola: Modernization of Income Taxation

Description: A capacity development mission of the Fiscal Affairs Department (FAD) of the IMF visited Luanda, during the period November 6-17, 2023, to provide advice on tax policy and administration reforms to modernize and improve the income tax system. The mission recommended moving from a highly fragmented toward a more unified approach to taxation of income, with all labor income aggregated over the year and taxed under a common progressive tax schedule. The mission pointed to opportunities for improving income taxes compliance approaches, including through the development of capacities to manage tax incentives and international tax risks.

January 30, 2024

Bangladesh: Ministry of Finance Macroeconomic Framework Technical Assistance: Scoping Mission Report

Description: The Finance Division (FD) of the MoF has sought Macroeconomic Framework Technical Assistance from ICD and SARTTAC to support them in improving their Medium-term Macroeconomic Framework. A scoping mission was held in Dhaka in January 2023 to diagnose the FD’s current forecasting and policy analysis systems and to agree on a multi-year action plan. The project action plan is centered around the customization of the Macroframework Foundations Tool (MFT), which will support the FD in overcoming significant limitations in their current approach. This note summarizes the main findings and action plan agreed on for the project.

January 8, 2024

Jordan: Health Spending Efficiency: Issues and Reform Directions

Description: This report reviews Jordan’s public health expenditure and develops options to enhance spending efficiency that support the government’s health and fiscal consolidation efforts. The particular focus of the mission was to provide support on: (1) overall health spending analysis, (2) support country efforts to develop and implement an affordable path to expand health coverage, (3) identify areas where the Ministry of Finance can build capacity and support reform efforts.

2023

December 5, 2023

Lebanon: Tax and Customs Administration: An Urgent Need for Intervention

Description: This summary provides an overview of guidance provided to Lebanon’s Ministry of Finance, its VAT and Revenue Directorates, and the Lebanese Customs Administration. Building on prior IMF advice, it conveys an urgent need for intervention to address loss of staff and a risk of failure with key IT operations in the respective agencies. Separately, the accompanying technical assistance report provides confirmation of broader reform and capacity development priorities for the next 36 months.

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