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

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...