Report on Fiscal Safeguards Pilots
Policy Papers, October 4, 2013
Source details
- Canonical URL
- Report on Fiscal Safeguards Pilots
Other formats
Bibliographic details
- Published: October 4, 2013
- Series: Policy Papers
- Stock No: ISBN
Summary
- This paper reports on the results of a pilot exercise on fiscal safeguards conducted by the Fiscal Affairs Department (FAD) during FY2013.
- The exercise was launched following an independent review of the existing safeguards policy in 2010.
- Many Directors encouraged staff to highlight fiscal safeguards risks where a substantial portion of resources provided by the Fund for balance of payments support is channeled to state treasuries for budget purposes.
- Pilot fiscal safeguards exercises were conducted for five countries: Antigua and Barbuda, Cyprus, Greece, Ireland, and Kyrgyz Republic.
- Publication date listed: October 4, 2013.
Pilot scope and focus
- Scope:
- Conducted by the Fiscal Affairs Department (FAD) during FY2013.
- Targeted cases where Fund resources for balance of payments support are channeled to state treasuries for budget purposes.
- Countries covered:
- Antigua and Barbuda
- Cyprus
- Greece
- Ireland
- Kyrgyz Republic
Context and motivation
- Trigger:
- An independent review of the existing safeguards policy in 2010 prompted further action.
- Objective:
- To identify and highlight fiscal safeguards risks in relevant program cases.
Publication metadata and access
- Document title: Report on Fiscal Safeguards Pilots
- Format indicated on page: PDF (Download PDF)
- Subject tags shown on page: Antigua and Barbuda; Balance of payments need; Concessional aid; Cyprus; Fiscal risk; Greece; Ireland; Kyrgyz Republic; Safeguards assessments policy.
Source: Report on Fiscal Safeguards Pilots — https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/report-on-fiscal-safeguards-pilots-pp4852
Content in this bundle
- Report on Fiscal Safeguards Pilots; IMF Policy paper; October 04, 2013