{
  "title": "Statement by the Managing Director on the FY 2025 Work Program of the Executive Board Executive Board Meeting March 8, 2024",
  "publication": "Policy Papers, May 3, 2024",
  "sourceUrl": "https://www.imf.org/en/publications/policy-papers/issues/2024/05/03/statement-by-the-managing-director-on-the-fy-2025-work-program-of-the-executive-board-548587",
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  "summary": "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.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- This Executive Board Work Program (BWP) is for FY 2025 (May 2024 to April 2025).\n- It is the first BWP since the Executive Board began to pilot a new strategic cycle intended to incorporate Directors’ broader views on work priorities at an earlier stage in the planning process for the fiscal year.\n- High-level costing indicators are included for non-recurring items based on a pilot costing exercise.\n- The BWP covers a range of activities to support the Fund’s membership in responding to current challenges."
    },
    {
      "heading": "Objectives and Focus",
      "content": "- Support the membership through:\n  - prompt and tailored policy advice,\n  - financial assistance,\n  - support for debt restructuring, and\n  - capacity development.\n- Ensure the Board can continue to closely monitor economic and financial developments and discuss macro policy responses.\n- Provide opportunities to deliberate on key Fund policies and operations."
    },
    {
      "heading": "Process and Pilots",
      "content": "- Pilot of a new strategic cycle: aims to incorporate Directors’ broader views on work priorities earlier in the fiscal-year planning process.\n- Pilot costing exercise: produced high-level costing indicators for non-recurring items."
    },
    {
      "heading": "Operational Constraints and Flexibility",
      "content": "- The BWP will need to remain flexible to prioritize the membership’s changing needs.\n- Flexibility must be maintained while operating within the Fund’s constrained budget environment.\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/2024/05/03/statement-by-the-managing-director-on-the-fy-2025-work-program-of-the-executive-board-548587"
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    "Published: May 3, 2024",
    "Series: Policy Papers",
    "DOI: https://doi.org/10.5089/9798400273612.007",
    "This Executive Board Work Program (BWP) is for FY 2025 (May 2024 to April 2025).",
    "It is the first BWP since the Executive Board began to pilot a new strategic cycle intended to incorporate Directors’ broader views on work priorities at an earlier stage in the planning process for the fiscal year.",
    "High-level costing indicators are included for non-recurring items based on a pilot costing exercise.",
    "The BWP covers a range of activities to support the Fund’s membership in responding to current challenges.",
    "Support the membership through:",
    "Ensure the Board can continue to closely monitor economic and financial developments and discuss macro policy responses.",
    "Provide opportunities to deliberate on key Fund policies and operations.",
    "Pilot of a new strategic cycle: aims to incorporate Directors’ broader views on work priorities earlier in the fiscal-year planning process.",
    "Pilot costing exercise: produced high-level costing indicators for non-recurring items.",
    "The BWP will need to remain flexible to prioritize the membership’s changing needs.",
    "Flexibility must be maintained while operating within the Fund’s constrained budget environment.",
    "**Policy Paper**"
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