## Report on Fiscal Safeguards Pilots

_Policy Papers, October 4, 2013_

## Source details

**Canonical URL:** [Report on Fiscal Safeguards Pilots](https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/report-on-fiscal-safeguards-pilots-pp4852)

## Other formats

- [Markdown version](/en/publications/policy-papers/issues/2016/12/31/report-on-fiscal-safeguards-pilots-pp4852/index.md)
- [Structured JSON version](/en/publications/policy-papers/issues/2016/12/31/report-on-fiscal-safeguards-pilots-pp4852/index.json)
- [Bundle manifest](/en/publications/policy-papers/issues/2016/12/31/report-on-fiscal-safeguards-pilots-pp4852/bundle-manifest.json)

## Bibliographic details
- Published: October 4, 2013
- Series: Policy Papers
- Stock No: ISBN

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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.
- 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*

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## Content in this bundle

- **Report on Fiscal Safeguards Pilots; IMF Policy paper; October 04, 2013**
  - [Report on Fiscal Safeguards Pilots; IMF Policy paper; October 04, 2013 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/np/pp/eng/2013/_100413a.pdf.md){rel="alternate" type="text/markdown"}
  - [Report on Fiscal Safeguards Pilots; IMF Policy paper; October 04, 2013 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/np/pp/eng/2013/_100413a.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/report-on-fiscal-safeguards-pilots-pp4852_