Policy Papers

This Executive Board Work Program (BWP) for FY 2025 (May 2024 to April 2025) is the first since the
Executive Board has started to pilot a new strategic cycle, which aims at incorporating Directors’
broader views on work priorities at an earlier stage in the planning process for the fiscal year. Highlevel
costing indicators are also included for non-recurring items based on a pilot costing exercise. The
BWP focuses on supporting the membership in responding to current challenges through prompt and
tailored policy advice, financial assistance, and support for debt restructuring and capacity
development.1 It ensures that the Board can continue to closely monitor economic and financial
developments and discuss macro policy responses. The BWP also provides opportunities to deliberate
on key Fund policies and operations. The BWP will need to stay flexible to prioritize the membership’s
changing needs while operating within the Fund’s constrained budget environment.