{
  "title": "Review of 1997 Guidance Note on Governance - A Proposed Framework for Enhanced Fund Engagement",
  "sourceUrl": "https://www.imf.org/en/publications/policy-papers/issues/2018/04/20/pp030918-review-of-1997-guidance-note-on-governance",
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  "summary": "This paper proposes the adoption of a framework that would supplement the 1997 Fund’s Guidance Note on the Role of the Fund in Governance Issues, adopted by the Executive Board (the “1997 Governance Policy”).",
  "sections": [
    {
      "heading": "Summary",
      "content": "- Paper proposes adoption of a framework to supplement the 1997 Fund’s Guidance Note on the Role of the Fund in Governance Issues (the “1997 Governance Policy”).\n- While the 1997 Governance Policy remains an appropriate basis, further guidance from the Executive Board is needed to ensure the objectives of that policy are achieved.\n- Experience over the past 20 years has underscored the critical impact that governance issues can have on the Fund’s work.\n- Evidence cited: corruption can have a pernicious effect on a country’s ability to achieve sustainable, inclusive economic growth.\n- Proposed Framework name: “Framework for Enhanced Fund Engagement”."
    },
    {
      "heading": "Rationale and evidence",
      "content": "- Governance vulnerabilities, including corruption, can be macroeconomically critical and materially affect the Fund’s work.\n- The last 20 years of experience motivate more systematic, effective, and candid engagement on governance vulnerabilities judged macroeconomically critical."
    },
    {
      "heading": "Proposed Framework for Enhanced Fund Engagement — objectives and design",
      "content": "- Primary objective: promote more systematic, effective, and candid engagement with member countries on governance vulnerabilities judged macroeconomically critical.\n- Application on a systematic basis to all members aims to enhance evenhandedness.\n- Framework designed to strengthen the global fight against corruption by promoting governmental measures that:\n  - prevent private actors from offering bribes; and\n  - prevent provision of services that enable concealment of proceeds of corrupt acts, particularly in the transnational context."
    },
    {
      "heading": "Scope and evenhandedness",
      "content": "- Framework intended to supplement—not replace—the 1997 Governance Policy.\n- Systematic application across all members is emphasized to ensure evenhandedness in Fund engagement on governance matters."
    },
    {
      "heading": "Key metadata and access",
      "content": "- Publication date: April 22, 2018\n- Subject: Governance\n- Keywords: corruption, governance\n- Available languages noted: français, 日本語, 中文, русский, español, العربية\n\nSource: Review of 1997 Guidance Note on Governance - A Proposed Framework for Enhanced Fund Engagement — https://www.imf.org/en/publications/policy-papers/issues/2018/04/20/pp030918-review-of-1997-guidance-note-on-governance\n\n---\n\n Content in this bundle\n\n- Policy Paper\n  - Policy Paper (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Policy Paper (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/policy-papers/issues/2018/04/20/pp030918-review-of-1997-guidance-note-on-governance"
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    "Published: April 22, 2018",
    "Paper proposes adoption of a framework to supplement the 1997 Fund’s Guidance Note on the Role of the Fund in Governance Issues (the “1997 Governance Policy”).",
    "While the 1997 Governance Policy remains an appropriate basis, further guidance from the Executive Board is needed to ensure the objectives of that policy are achieved.",
    "Experience over the past 20 years has underscored the critical impact that governance issues can have on the Fund’s work.",
    "Evidence cited: corruption can have a pernicious effect on a country’s ability to achieve sustainable, inclusive economic growth.",
    "Proposed Framework name: “Framework for Enhanced Fund Engagement”.",
    "Governance vulnerabilities, including corruption, can be macroeconomically critical and materially affect the Fund’s work.",
    "The last 20 years of experience motivate more systematic, effective, and candid engagement on governance vulnerabilities judged macroeconomically critical.",
    "Primary objective: promote more systematic, effective, and candid engagement with member countries on governance vulnerabilities judged macroeconomically critical.",
    "Application on a systematic basis to all members aims to enhance evenhandedness.",
    "Framework designed to strengthen the global fight against corruption by promoting governmental measures that:",
    "Framework intended to supplement—not replace—the 1997 Governance Policy.",
    "Systematic application across all members is emphasized to ensure evenhandedness in Fund engagement on governance matters.",
    "Publication date: April 22, 2018",
    "Subject: Governance",
    "Keywords: corruption, governance",
    "Available languages noted: français, 日本語, 中文, русский, español, العربية",
    "**Policy Paper**"
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