Post Program Monitoring During The Pandemic: Proposal For Temporary Streamlining Of Procedures And Renaming Of The Policy

International Monetary Fund

No 2021/026, IMF Policy Papers from International Monetary Fund

Abstract: The increase in Fund lending in the aftermath of the Covid-19 pandemic, including emergency financing, has led to a record number of requests for financing last year, and to an unprecedented amount of credit outstanding. This underscores the need for appropriate safeguards to the Fund’s balance sheet. Post Program Monitoring (PPM) is one such safeguard, which provides a framework for deeper and closer engagement with members that have substantial outstanding Fund credit but are not in a program relationship.

Keywords: PPM policy; PPM discussion; PPM report; PPM threshold; PPM framework; PPM decision; Credit; COVID-19; Emergency assistance; Financial statements; Macro-fiscal framework; Africa (search for similar items in EconPapers)
Pages: 17
Date: 2021-05-19
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