Policy Papers

Ex Post Evaluations of Exceptional Access Arrangements—Revised Guidance Note

Publication Date:

March 1, 2010

Electronic Access:

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Summary:

In the 2002 Board discussion on Access Policy in Capital Account Crises, Directors agreed to require an ex post evaluation (EPE) by the staff of GRA-supported programs supported by exceptional access within a year after the end of the arrangement. This revised note provides operational guidance on the content and procedures for EPEs. In terms of coverage, the EPE policy encompasses all exceptional access GRA-supported programs, including high-access precautionary arrangements. The policy would exclude programs no longer considered exceptional access under the new access policy because their access limits are within the new normal access limits. While it is generally assumed that an EPE would be tailored to fit individual country circumstances, multiple-country EPEs are also permitted if they are considered feasible in terms of comparability of issues of interest.

Series:

Policy Papers

Subject:

Access policy Capital account Ex post assessments Exceptional use of Fund resources