Staff-Monitored Programs—Updated Operational Guidance Note
October 21, 2022
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Format: Chicago
Staff-Monitored Programs—Updated Operational Guidance Note, (USA: International Monetary Fund, 2022) accessed November 21, 2024
Summary
The note updates and replaces the prior guidance on SMPs, provided in 2003, incorporating changes to the Fund’s lending strategy, and clarifies some operational issues to better guide staff on the use and design of SMPs, while safeguarding even-handed application. Noteworthy changes include clarity on the role of SMPs, specifying the start and end dates of SMPs, clarifying the expected length of SMPs and track record periods, and extensions of SMPs. While many policies are clarified, the principle of flexibility is maintained.
Subject: Monetary policy, Political economy
Publication Details
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Pages:
22
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Volume:
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DOI:
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Issue:
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Series:
Policy Paper No. 2022/048
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Stock No:
PPEA2022048
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ISBN:
9798400223242
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ISSN:
2663-3493
