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IMF Executive Board Approves Temporary Streamlining of Procedures for Post Program Monitoring During Pandemic and Renaming of Policy

Date Time Share IMF Executive Board Approves Temporary Streamlining of Procedures for Post Program Monitoring During Pandemic and Renaming of Policy Washington, DC: On May 7, 2021, the Executive Board of the International Monetary Fund (IMF) approved temporary modifications to the modalities for itsPost Program Monitoring(PPM) until end-2022. The increase in IMF lending, including in the aftermath of the COVID-19 pandemic, has led to an unprecedented amount of credit outstanding, underscoring the need for appropriate safeguards to the IMF’s balance sheet. PPM is one such safeguard, providing a framework for deeper and closer engagement with members that have substantial outstanding IMF credit but are not in a program relationship. However, the ongoing pandemic is straining the capacity as well as resources for members and the Fund, given the need to focus efforts on immediate crisis-related work.

IMF Executive Board Approves Temporary Streamlining Of Procedures For Post Program Monitoring During The Pandemic And Renaming Of The Policy To Post Financing Assessment

IMF Executive Board Approves Temporary Streamlining Of Procedures For Post Program Monitoring During The Pandemic And Renaming Of The Policy To Post Financing Assessment Date 14/05/2021 On May 7, 2021, the Executive Board of the International Monetary Fund (IMF) approved temporary modifications to the modalities for its Post Program Monitoring (PPM) until end-2022. The increase in IMF lending, including in the aftermath of the COVID-19 pandemic, has led to an unprecedented amount of credit outstanding, underscoring the need for appropriate safeguards to the IMF’s balance sheet. PPM is one such safeguard, providing a framework for deeper and closer engagement with members that have substantial outstanding IMF credit but are not in a program relationship. However, the ongoing pandemic is straining the capacity as well as resources for members and the Fund, given the need to focus efforts on immediate crisis-related work.

MIL-OSI Translation: IMF Executive Board Completes Latest Reviews of Extended Credit Facility and Extended Credit Facility Arrangements for Côte d Ivoire

MIL-OSI Translation: IMF Executive Board Completes Latest Reviews of Extended Credit Facility and Extended Credit Facility Arrangements for Côte d Ivoire
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