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230104 ||| eng |
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|a 9798400221385
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|a Proposal for a Staff-Monitored Program with Executive Board Involvement
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|a Washington, D.C.
|b International Monetary Fund
|c 2022
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| 300 |
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|a 11 pages
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| 651 |
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4 |
|a Russian Federation
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| 653 |
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|a Emergency assistance
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| 653 |
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|a Economics
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| 653 |
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|a Debt relief
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| 653 |
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|a Finance
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| 653 |
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|a Agricultural Policy
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| 653 |
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|a Short-term Capital Movements
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| 653 |
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|a Food security
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| 653 |
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|a Political Economy
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| 653 |
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|a Monetary economics
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| 653 |
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|a Debt Management
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| 653 |
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|a Current Account Adjustment
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| 653 |
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|a Food Policy
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| 653 |
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|a Balance of payments
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| 653 |
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|a Debt
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| 653 |
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|a Balance of payments need
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| 653 |
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|a Exports and Imports
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| 653 |
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|a Asset and liability management
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| 653 |
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|a International economics
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| 653 |
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|a Agriculture & Food Policy
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| 653 |
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|a Debts, External
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| 653 |
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|a Political economy
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| 653 |
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|a Economic assistance
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| 653 |
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|a Sovereign Debt
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| 653 |
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|a Foreign Aid
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| 653 |
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|a Poverty & precarity
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| 653 |
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|a Foreign aid
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| 653 |
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|a Poverty
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| 653 |
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|a Monetary policy
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| 653 |
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|a Financial Risk Management
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| 653 |
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|a Monetary Policy
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| 653 |
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|a Money and Monetary Policy
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| 710 |
2 |
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|a International Monetary Fund
|b Finance Dept
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| 710 |
2 |
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|a International Monetary Fund
|b Legal Dept
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| 710 |
2 |
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|a International Monetary Fund
|b Strategy, Policy, & Review Department
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| 041 |
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7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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|a Policy Papers
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|a 10.5089/9798400221385.007
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| 856 |
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|u https://elibrary.imf.org/view/journals/007/2022/041/007.2022.issue-041-en.xml?cid=524076-com-dsp-marc
|x Verlag
|3 Volltext
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|a 330
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| 520 |
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|a This paper proposes an amendment to the policy on Staff-Monitored Programs (SMPs) that would allow for limited Executive Board involvement in opining on the robustness of a member’s policies to meet their stated objectives under an SMP and monitoring its implementation. To differentiate from regular SMPs, such SMPs would be called “Program Monitoring with Board Involvement” or “PMBs”. Their use would be only available to those (requesting) members who, in addition to seeking to build or rebuild a track record for Upper Credit Tranche (UCT) Use of Fund Resources (UFR), would benefit from targeted Executive Board involvement because of either (i) an ongoing concerted international effort by creditors or donors to provide substantial new financing or debt relief to the member or (ii) significant outstanding Fund credit under emergency financing instruments at the time new emergency financing is received. Members meeting criterion (i) or (ii) above would be strongly encouraged to request such a PMB. The PMB would support members in designing, implementing, and monitoring policies under often complex circumstances
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