Showing 1 - 10 of 11
This paper sets out Management's response to the Independent Evaluation Office's (IEO) evaluation of IMF Response to the Financial and Economic Crisis. The implementation plan proposes specific actions focusing on the three of the four recommendations that received broad support from the...
Persistent link: https://www.econbiz.de/10014408547
The COVID-19 pandemic has created severe disruption in the global financial system, with many emerging market and developing countries (EMDCs) facing liquidity shortages. In the context of intensified demand for liquidity and heightened global uncertainty, staff has revisited the 2017 proposal...
Persistent link: https://www.econbiz.de/10014408787
, France, Japan, the Netherlands, Norway, Spain, Sweden and the United Kingdom. Together, these agreements provide a total of …
Persistent link: https://www.econbiz.de/10014408897
Spain (Spain), amendments to the 2010 NPA with the Government of Japan (Japan), and a new note purchase agreement (NPA) with … the People's Bank of China (China). The new borrowing agreement with Spain, the amendments to the NPA with Japan, and the … February 22, 2017, for Spain; April 20, 2017, for Japan; and April 21, 2017, for China. Pursuant to Section III, paragraph 2 of …
Persistent link: https://www.econbiz.de/10014408739
(IEO), which provides an early evaluation of the Fund's emergency response to the initial stage of the COVID-19 pandemic and seeks to draw lessons from the experience for responding to possible future global crises. They highlighted the report's key finding that the Fund's response was effective...
Persistent link: https://www.econbiz.de/10015059573
As the evaluation notes, the Fund's rapid response was not without costs and risks. The decision to provide extraordinary access, including through emergency financing, in the face of this unprecedented crisis has inevitably raised pressures on the Fund's own, and its members', balance sheets....
Persistent link: https://www.econbiz.de/10015059574
Executive Directors welcomed the report by the Independent Evaluation Office (IEO) on the IMF and the Crises in Greece, Ireland, and Portugal, and appreciated the accompanying statement by the Managing Director. They agreed that the report's findings provide valuable insights and lessons for...
Persistent link: https://www.econbiz.de/10014408604
Persistent link: https://www.econbiz.de/10014410139
Persistent link: https://www.econbiz.de/10014410019
This paper examines the implications of the Fund accepting membership in the Financial Stability Board ('FSB'). The FSB Charter (the ?Charter?) explicitly contemplates the possibility of the Fund and the other international financial institutions becoming members but notes that ?the acceptance...
Persistent link: https://www.econbiz.de/10014410140