High-Level Summary Technical Assistance Reports

The High-Level Summary Technical Assistance Report series provides high-level summaries of the assistance provided to IMF capacity development recipients, describing the high-level objectives, findings, and recommendations.

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2024

July 17, 2024

Government Finance Statistics Mission: Cambodia

Description: A technical assistance mission from the IMF's Statistics Department visited Cambodia during April 10-21, 2023, to support the authorities in continuing to improve the compilation and dissemination of government finance statistics (GFS) and public sector debt statistics (PSDS). The mission assisted the authorities to expand the coverage of fiscal statistics to the broader perimeter of Government, compiled experimental statistical balance sheet data for the budgetary central government and investigated ways to improve the consistency and quality of GFS data. The mission also provided training on how to compile functional expenditures of government and updated the country's action plan to improve fiscal data.

July 17, 2024

Public Sector Debt Statistics Mission: Lao People's Democratic Republic

Description: A technical assistance mission from the IMF's Statistics Department visited Lao People's Democratic Republic during May 11-12, 2023, to support the authorities in continuing to improve the compilation and dissemination of public sector debt statistics (PSDS). The mission assisted the authorities to compile annual PSDS and also discussed the correct recording of Lao PDR's "arrears clearance bonds."

June 21, 2024

High-Level Summary Technical Assistance Report: Namibia –Petroleum Fiscal Regime Review

Description: Following a surge in petroleum sector exploration, the Namibian authorities requested a review of their petroleum upstream fiscal regime. The petroleum fiscal regime balances investor and government interests and is fit for purpose although untested in practice. A number of recommended policy measures if implemented would provide clarity and simplicity for taxpayers while safeguarding government revenue collections. Fiscal transparency can be enhanced by publishing petroleum agreements while the costs and benefits of state participation should be considered.

June 14, 2024

Jordan: Climate Policy Diagnostic

Description: This technical assistance conducts a climate policy diagnostic for Jordan, covering climate adaptation and mitigation policy, as well as enabling institutions. Jordan faces acute challenges of climate-food-water nexus—innovative climate policy approaches are key, given limited fiscal space. While Jordan needs to strengthen the investment climate for climate investment through streamlining existing policies and alleviating critical barriers, making social policy more shock-responsive and strengthening risk management can go a long way in building resilience. As climate-related risks globally intensify, the government is encouraged to move toward a risk-informed policy and financing strategy.

May 31, 2024

Islamic Republic of Mauritania: Climate Mitigation Policy Diagnostic

Description: Mauritania requested capacity development from the Fiscal Affairs Department on carbon taxation, fossil fuel pricing and fiscal aspects of hydrogen development. This is a high-level summary of the technical assistant and the recommendations provided to the authorities. The report assesses options to gradually introduce a carbon tax to bring the country in line with its Nationally Determined Contribution for 2030 and net-zero pledge for 2050, including targeted support for vulnerable households. It then reviews approach to price fossil fuel products and proposes a revised methodology better aligned with international petroleum markets, along with a fiscally neutral smoothing mechanism to mitigate the impact of abrupt price changes on Mauritanian consumers. Finally, the report evaluates fiscal aspects related to the development of the low and zero-emissions hydrogen to ensure the country continues to position itself as an attractive investment destination without foregoing future revenue streams.

May 22, 2024

Papua New Guinea: Government Finance and Public Sector Debt Statistics Mission (August 2 – 15, 2023)

Description: The International Monetary Fund’s mission to Papua New Guinea sought to revitalize the development of fiscal and debt statistics following a period of disruption caused by a ransomware attack, Covid-19, and high staff turnover. To that end, the mission provided a combination of formal training and technical assistance on the priority development areas, notably on the resolution of the general data quality issues, the expansion of the statistical coverage to the provincial tier of government, and the compilation of debt statistics for the state-owned enterprises.

May 20, 2024

Jordan: Climate Module of the Public Investment Management Assessment and Green Public Financial Management

Description: The assistance assessed how climate change impacts and mitigation and adaptation responses are addressed in the public investment cycle using the Climate Module of the Public Investment Management Assessment (C-PIMA). The assistance also evaluated the scope to advance Green Public Financial Management (PFM) practices, drawing on the IMF’s new Green PFM framework. Jordan was found to performs well in the climate-aware planning and coordination institutions of the C-PIMA, but some gaps were identified in implementation aspects of the framework, and there were several areas where climate could be better integrated in the PFM system.

May 10, 2024

Barbados

Description: The technical assistance is focused on enhancing the joint financial stability report of the Central Bank of Barbados and the Barbados Financial Services Commission. The mission concluded that the preparation of a detailed FSR production plan and communication strategy is of critical importance and could facilitate improvements and promote the report. The report should encompass all crucial elements of financial stability assessment and needs to be streamlined to follow the central storyline with key messages. The quality of the report could be further enhanced though advancements in the analytical toolkit employed and the utilization of all available data sources.

May 8, 2024

South Africa

Description: South Africa has many elements of sound fiscal transparency practices. Based on an assessment of fiscal transparency practices against the IMF’s Fiscal Transparency Code, South Africa’s practices are strongest in fiscal reporting, followed by fiscal forecasting and budgeting, and weakest in fiscal risk analysis. South Africa’s Balance Sheet public sector net worth – including assumptions for the values of non-reported assets – is estimated to be 100 percent of GDP. There is room to improve South Africa’s fiscal reporting, budget transparency, and management of fiscal risks.

May 3, 2024

Kingdom of Eswatini: Financial Sector Stability Review

Description: The IMF conducted a diagnostic review of the financial system of the Kingdom of Eswatini and proposed a Technical Assistance Roadmap to support the authorities’ detection of risks and vulnerabilities and to enhance capacity in financial sector oversight. The financial stability module focused on areas agreed with the country authorities: financial stability and systemic risk monitoring, macroprudential frameworks and tools; crisis management and financial safety net; and supervision and regulation of banks, nonbank deposit-taking institutions, insurance, and retirement funds. The financial sector statistics module focused on key gaps in monetary and financial statistics and financial soundness indicators that hamper financial stability analysis.

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