Policy Papers
2005
July 28, 2005
The Fund's Transparency Policy - Proposed Amendments
Description: Provides a commentary on the main policy changes agreed by Executive Directors, provides a commentary on other amendments, many of which are designed to implement policy changes already agreed by the Executive Board in other contexts or to clarify the implementation of existing policies. Explains the original staff proposals that are not being retained. Reviews changes and clarifications endorsed by the Board that do not require an amendment to the transparency policy decision.
Notes: The Proposed Decision in this document was adopted by the Executive Board of the International Monetary Fund on August 4, 2005 and is now in force.
July 22, 2005
Implementation of Basel II - Implications for the World Bank and IMF
Description: This paper informs the Executive Boards of the World Bank and the Fund of the main features and implications of the Basel Committee on Banking Supervision (BCBS)'s new "International Convergence of Capital Measurement and Capital Standards--A Revised Framework" ("Basel II").
July 22, 2005
Strengthening the Fund's Ability to Assist Low-Income Countries Meet Balance of Payments Needs Arising from Sudden and Exogenous Shocks -- Supplement
Description: The G-8 debt relief proposal, if adopted, should have little impact on the rational and operational aspects of the shocks window, but it may affect some of the financing consideratins, which are taken up in the page on "The G-8 Debt Cancellation Proposal and its Implications for the Fund.
July 13, 2005
Conclusions of the Task Force on IMF Technical Assistance
Description: Task Force proposals include: (i) preparation, on a pilot basis, of five TA country strategy notes in FY 2006 and, based on a positive assessment of the pilot, extension of the country coverage to possibly 50 countries in FY2007; (ii) enhanced strategic and monitoring role in TA for area department staff, including resident representatives; (iii) enhancements to the central TA information system under its ongoing Phase II; (iv) more systematic involvement of country authorities in the design and implementation of the TA they receive; and (v) more systematic discussion of technical options and their implications with the authorities before drafting TA reports.
July 1, 2005
Sixth Review of the Fund's Data Standards Initiatives - Metadata Standardization in the Data Quality Program
Description: This Supplement describes how the staff proposes to achieve further synergies by mapping the DQAF into the metadata structure of the DQP’s other key component: (3) the data transparency initiatives comprising the Special Data Dissemination Standard (SDDS) and General Data Dissemination System (GDDS).
July 1, 2005
The Standards and Codes Initiative - Is It Effective? And How Can It Be Improved? - Background Paper
July 1, 2005
The Standards and Codes Initiative - Is It Effective? And How Can It Be Improved?
Description: At this six-year mark, this paper reports on the status of the initiative, seeks to assess its effectiveness, and suggests some areas for improvement.
July 1, 2005
Sixth Review of the Fund's Data Standards Initiatives
Description: The Data Standards Initiatives, the SDDS and the GDDS, have achieved the goals the Executive Board set in its Fifth Review of July 2003. The staff sees the next three years as a period of consolidating these gains by maintaining the credibility of the SDDS through improved monitoring of countries’ observance of its requirements, and further integrating both the SDDS and GDDS under the Fund’s Data Quality Program (DQP) by aligning their structure with the Fund’s Data Quality Assessment Framework (DQAF). The staff proposes to include no new data categories in the SDDS and GDDS. Instead, the staff proposes to deepen descriptive information on how countries cover oil and gas activities and products in selected existing data categories.