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Benefits of Accelerating the Climate Transition Outweigh the Costs

December 5, 2023
Climate Change Indicators Dashboard shows that avoiding physical damage from climate change can have sizable benefits.

2023 Review of The Fund's Anti-Money Laundering and Combating The Financing of Terrorism Strategy—Background Papers

December 5, 2023
The background papers support the stocktaking analysis and the proposed way forward for the 2023 review of the IMF's AML/CFT Strategy. The five background papers provide in-depth discussions on the following key topics: (i) illicit financial flows; (ii) the impact of money laundering in financial stability; (iii) synergies between financial integrity issues and other Fund policies and work; (iv) the Fund’s collaboration with key partners in the AML/CFT global policy architecture; and (v) stakeholders’ views of the effectiveness of the Fund’s AML/CFT engagement.

2023 Review of The Fund’s Anti-Money Laundering and Combating The Financing of Terrorism Strategy

December 5, 2023
This paper reviews the Fund’s efforts to safeguard financial integrity and proposes the way forward for the Fund’s Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) Strategy. For over 20 years, the IMF has recognized that effective AML/CFT frameworks, and financial integrity more broadly, are key to the soundness and stability of the financial sector and to prevent the negative macroeconomic implications of financial crimes on the broader economy of members, progressively integrating this work across all its core functions and in a broad set of Fund policies. The paper takes stock of the implementation of the IMF's AML/CFT strategy since 2018. It also proposes deepening the integration of financial integrity issues and an enhanced focus on the macroeconomic impact of AML/CFT issues for the way forward.

Benin: Poverty Reduction and Growth Strategy

December 5, 2023
Considering the need to strengthen the development planning system to achieve the Benin 2025 Alafia Vision, the Sustainable Development Goals (SDGs), and Africa’s Agenda 2063, the government adopted a roadmap during the Council of Ministers of July 27, 2016 for the development of the 2016-2021 Government Action Program (PAG) and the National Development Plan (PND). The PND is the first layer in the configuration of the Benin 2025 Alafia Vision, in accordance with the planning system adopted by Benin during the national days of assessment organized on this subject on December 5 and 6, 1991 and adopted by the government in the Council of Ministers in 1992.

Lebanon: Tax and Customs Administration: An Urgent Need for Intervention

December 5, 2023
This summary provides an overview of guidance provided to Lebanon’s Ministry of Finance, its VAT and Revenue Directorates, and the Lebanese Customs Administration. Building on prior IMF advice, it conveys an urgent need for intervention to address loss of staff and a risk of failure with key IT operations in the respective agencies. Separately, the accompanying technical assistance report provides confirmation of broader reform and capacity development priorities for the next 36 months.

Lebanon: Technical Assistance Report-Tax and Customs Administration: An Urgent Need for Intervention

December 5, 2023
Four years into the ongoing economic crisis, a concern exists that operations in Lebanon’s tax and customs administrations could collapse. This report describes the challenges faced, encourages that immediate interventions be made, identifies structural mechanisms to finance reforms, and provides guidance on reform and capacity development priorities for the next 36 months.

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