{
  "title": "Report on Fiscal Safeguards Pilots",
  "publication": "Policy Papers, October 4, 2013",
  "sourceUrl": "https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/report-on-fiscal-safeguards-pilots-pp4852",
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  "summary": "This paper reports on the results of a pilot exercise on fiscal safeguards conducted by the Fiscal Affairs Department (FAD) during FY2013.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- This paper reports on the results of a pilot exercise on fiscal safeguards conducted by the Fiscal Affairs Department (FAD) during FY2013.\n- The exercise was launched following an independent review of the existing safeguards policy in 2010.\n- 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.\n- Pilot fiscal safeguards exercises were conducted for five countries: Antigua and Barbuda, Cyprus, Greece, Ireland, and Kyrgyz Republic.\n- Publication date listed: October 4, 2013."
    },
    {
      "heading": "Pilot scope and focus",
      "content": "- Scope:\n  - Conducted by the Fiscal Affairs Department (FAD) during FY2013.\n  - Targeted cases where Fund resources for balance of payments support are channeled to state treasuries for budget purposes.\n- Countries covered:\n  - Antigua and Barbuda\n  - Cyprus\n  - Greece\n  - Ireland\n  - Kyrgyz Republic"
    },
    {
      "heading": "Context and motivation",
      "content": "- Trigger:\n  - An independent review of the existing safeguards policy in 2010 prompted further action.\n- Objective:\n  - To identify and highlight fiscal safeguards risks in relevant program cases."
    },
    {
      "heading": "Publication metadata and access",
      "content": "- Document title: Report on Fiscal Safeguards Pilots\n- Format indicated on page: PDF (Download PDF)\n- Subject tags shown on page: Antigua and Barbuda; Balance of payments need; Concessional aid; Cyprus; Fiscal risk; Greece; Ireland; Kyrgyz Republic; Safeguards assessments policy.\n\nSource: Report on Fiscal Safeguards Pilots — https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/report-on-fiscal-safeguards-pilots-pp4852\n\n---\n\n Content in this bundle\n\n- Report on Fiscal Safeguards Pilots; IMF Policy paper; October 04, 2013\n  - Report on Fiscal Safeguards Pilots; IMF Policy paper; October 04, 2013 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Report on Fiscal Safeguards Pilots; IMF Policy paper; October 04, 2013 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/report-on-fiscal-safeguards-pilots-pp4852"
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    "Published: October 4, 2013",
    "Series: Policy Papers",
    "Stock No: ISBN",
    "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.",
    "Scope:",
    "Countries covered:",
    "Trigger:",
    "Objective:",
    "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.",
    "**Report on Fiscal Safeguards Pilots; IMF Policy paper; October 04, 2013**"
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