## Post Program Monitoring During The Pandemic: Proposal For Temporary Streamlining Of Procedures And Renaming Of The Policy

_Policy Papers, May 19, 2021_

## Source details

**Canonical URL:** [Post Program Monitoring During The Pandemic: Proposal For Temporary Streamlining Of Procedures And Renaming Of The Policy](https://www.imf.org/en/publications/policy-papers/issues/2021/05/19/post-program-monitoring-during-the-pandemic-460350)

## Other formats

- [Markdown version](/en/publications/policy-papers/issues/2021/05/19/post-program-monitoring-during-the-pandemic-460350/index.md)
- [Structured JSON version](/en/publications/policy-papers/issues/2021/05/19/post-program-monitoring-during-the-pandemic-460350/index.json)
- [Bundle manifest](/en/publications/policy-papers/issues/2021/05/19/post-program-monitoring-during-the-pandemic-460350/bundle-manifest.json)

## Bibliographic details
- Published: May 19, 2021
- Series: Policy Papers
- DOI: https://doi.org/10.5089/9781484366080.007

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### Overview
- Publication date: May 19, 2021
- Core premise: The increase in Fund lending in the aftermath of the Covid-19 pandemic, including emergency financing, has led to a record number of requests for financing last year, and to an unprecedented amount of credit outstanding.
- Purpose: Emphasizes the need for appropriate safeguards to the Fund’s balance sheet; Post Program Monitoring (PPM) is identified as one such safeguard, providing a framework for deeper and closer engagement with members that have substantial outstanding Fund credit but are not in a program relationship.

### Rationale and Context
- Pandemic impact:
  - Increase in Fund lending in the aftermath of the Covid-19 pandemic, including emergency financing.
  - Resulted in a record number of requests for financing last year.
  - Led to an unprecedented amount of credit outstanding.
- Safeguard objective:
  - Need for appropriate safeguards to the Fund’s balance sheet in light of increased lending and credit exposure.
  - PPM cited as a safeguard mechanism for enhanced engagement with members with substantial outstanding Fund credit.

### Post Program Monitoring (PPM): Role and Framing
- Function:
  - Provides a framework for deeper and closer engagement with members that have substantial outstanding Fund credit but are not in a program relationship.
- Policy action signaled in title:
  - Proposal for temporary streamlining of procedures.
  - Proposal for renaming of the policy.

### Subjects and Keywords (as listed)
- Subjects: COVID-19, Credit, Emergency assistance, Financial statements, Fiscal policy, Foreign aid, Health, Macro-fiscal framework, Monetary policy, Money, Political economy, Public financial management (PFM)
- Keywords: Africa, COVID-19, Credit, Emergency assistance, Financial statements, Macro-fiscal framework, PPM decision, PPM discussion, PPM framework, PPM policy, PPM report, PPM threshold

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## Content in this bundle

- **Policy Paper**
  - [Policy Paper (Markdown version)](/-/media/files/publications/pp/2021/english/ppea2021026.pdf.md){rel="alternate" type="text/markdown"}
  - [Policy Paper (PDF)](/-/media/files/publications/pp/2021/english/ppea2021026.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/policy-papers/issues/2021/05/19/post-program-monitoring-during-the-pandemic-460350_