Policy Papers

Safeguards assessments are a key pillar of the IMF’s risk management framework. They aim to mitigate the risks of misuse of Fund resources and misreporting of program monetary data. These assessments are mandatory for Fund-supported financing arrangements and are complemented by ongoing monitoring for as long as credit remains outstanding. While the full safeguards assessment reports are confidential, the IMF Executive Board receives a summary of safeguards findings and recommendations through member country staff reports. In addition, the Board also receives periodic reports on safeguards activities. This period covers safeguards activity between May 2022 and April 2025.