Staff Guidance Note on the Use of Fund Resources for Budget Support
Policy Papers, March 24, 2010
Source details
- Canonical URL
- Staff Guidance Note on the Use of Fund Resources for Budget Support
Other formats
Bibliographic details
- Published: March 24, 2010
- Series: Policy Papers
- Stock No: ISBN
Summary and Purpose
- Provides operational guidance and background information on the use of Fund resources for budgetary financing.
- Addresses concerns expressed by some Executive Board Directors that:
- by providing such financing, the Fund might be held accountable for the quality of budgetary spending;
- repayment could be subject to country budgetary processes;
- budget financing is the role of other institutions.
Publication Information
- Publication title: Staff Guidance Note on the Use of Fund Resources for Budget Support
- Date: March 24, 2010
- Format: Web landing page (PDF available for download from the canonical source)
- Classification: Policy Papers
Subjects Covered
- Balance of payments need
- Concessional aid
- Deficit financing
- Fund facilities
- Fund policies
- General Resources Account
- Poverty Reduction and Growth Trust
- Use of Fund resources
Key Points for Practitioners and Decisionmakers
- The guidance is operational in nature, aimed at clarifying the Fund's approach to providing resources for budgetary financing.
- It situates that guidance within explicit governance concerns raised by Executive Board Directors regarding accountability, repayment mechanisms, and institutional roles.
- Relevant for engagement with:
- program design where budget support is contemplated,
- oversight and accountability frameworks related to Fund-financed budgetary spending,
- coordination with other institutions that provide budget financing.
International Monetary Fund — Staff Guidance Note on the Use of Fund Resources for Budget Support (March 24, 2010).