Policy Papers
2007
October 16, 2007
Report of the Executive Board to the Board of Governors - Quota and Voice Reform - Progress Since the 2006 Annual Meetings
Description: At the Annual Meetings in Singapore, the Board of Governors approved a program of quota and voice reforms (Resolution 61-5) that aims to enhance the effectiveness and credibility of the Fund. This report responds to that request and reflects the extensive discussions by the Executive Board over the past year on the reform agenda agreed in Singapore.
October 15, 2007
Provisional Agenda for the Sixteenth Meeting of the International Monetary and Financial Committee
Description: The following is the provisional agenda for the Sixteenth Meeting of the International Monetary and Financial Committee, which is to be convened on Saturday, October 20, 2007, at the Fund's Headquarters in Washington, D.C.
October 15, 2007
Heavily Indebted Poor Countries (HIPC) Initiative and Multilateral Debt Relief Initiative (MDRI) - Status of Implementation
Description: This report provides an update on the status of implementation, impact and costs of the enhanced Heavily Indebted Poor Country (HIPC) Initiative and the Multilateral Debt Relief Initiative (MDRI) since mid-2006. It also discusses the status of creditor participation in both initiatives and the issue of litigation of commercial creditors against HIPCs.
October 11, 2007
Safeguards Assessments - 2007 Update
Description: This paper provides Executive Directors with an update of safeguards assessment activities from July 1, 2006 through June 30, 2007. This is the second annual update report of safeguards activities since the last review of the safeguards policy in April 2005. The next review of the policy by the Executive Board is scheduled for 2008.
October 2, 2007
Progress Report on the Activities of the Independent Evaluation Office
Description: Since its April 2007 Report to the IMFC, the IEO has released its report on The IMF’s Advice on Exchange Rate Policy, continued work on three other evaluations, and issued its Annual Report for 2006–07.
September 21, 2007
The Role of the Fund in the Poverty Reduction Strategy Process and Its Collaboration with Donors
Description: This paper proposes an approach to making the MTS operational as it relates to the Fund’s work in LICs that would define more precisely the Fund’s responsibility and accountability in the PRSP and donor collaboration processes. The proposed activities are not “new,” but represent an intensification of existing work and its extension to the all LICs as appropriate. This would help clarify expectations as to the Fund’s role, and establish a consistent institutional approach to collaborating with donors and other stakeholders on the ground.
September 20, 2007
Enhancing Collaboration - Joint Management Action Plan
Description: In March 2006, the Managing Director of the International Monetary Fund (IMF) and the President of the World Bank commissioned the External Review Committee on IMF-World Bank Collaboration to look at the status of institutional collaboration and provide suggestions for improvement. The Committee’s report, released in February 2007, called for the strengthening of the culture of collaboration in the two institutions, and made a number of specific proposals in that direction. The Joint Management Action Plan (JMAP) was prepared against this background, and the actions agreed between Bank and Fund managements in the JMAP are scheduled to be presented in informal Board meetings in early October. The JMAP will be launched immediately after the Annual Meetings. The goal is for most new systems to be operational in time for the preparation of FY09 budgets.
September 12, 2007
Update on the Financing of the Fund's Concessional Assistance and Debt Relief to Low-Income Member Countries
Description: This paper provides a semi-annual review of the status of financing for PRGF-ESF lending, HIPC and MDRI debt relief, and subsidization of emergency assistance to PRGF-eligible members. The last review was completed by the Executive Board on April 13, 2007.
September 10, 2007
Enhanced Heavily Indebted Poor Countries Initiative - Status of Non-Paris Club Official Bilateral Creditor Participation
Description: This paper provides an update on the delivery of HIPC Initiative debt relief by non- Paris Club official bilateral creditors and proposes measures to increase their participation. It finds that non-Paris Club creditors have provided about one third of the total HIPC Initiative debt relief expected from them, with significant variations among creditors. Although the response rate to the survey sent by staffs of the Bank and the Fund to creditors was higher than in previous years, the information received is still limited and partial, and the estimate of debt relief delivered remains preliminary.