Staff Guidance Note on the Fund's Engagement with Small Developing States
Policy Papers, March 24, 2014
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- Staff Guidance Note on the Fund's Engagement with Small Developing States
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Bibliographic details
- Published: March 24, 2014
- Series: Policy Papers
Summary and purpose
- Highlights the unique economic characteristics and constraints facing small developing states.
- Provides operational guidance on Fund engagement with small developing states, including how small country size might influence:
- the use of Fund facilities and instruments,
- program design,
- capacity building activities,
- collaboration with other institutions and donors.
- Draws on the March 2013 Board papers on small states and the associated Executive Board discussion.
Key findings and operational implications
- Small country size can materially influence the selection and design of Fund instruments and facilities.
- Program design for small developing states should account for unique constraints related to size and vulnerability.
- Capacity building activities require tailoring to the institutional and resource constraints of small developing states.
- Collaboration with other institutions and donors is emphasized as an operational priority for effective engagement.
Outreach and presentation history
- Findings and implications were presented to small states authorities during the 2013 Annual Meetings.
- Presented in regional IMF conferences with small states in:
- the Bahamas (September 2013),
- Vanuatu (November 2013).
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Source: Staff Guidance Note on the Fund's Engagement with Small Developing States (web landing page).