Safeguards Assessments

Safeguards Assessments - 2011 Update

September 16, 2011

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Safeguards Assessments - 2011 Update, (USA: International Monetary Fund, 0) accessed November 21, 2024

Summary

Under the Fund’s safeguards policy introduced in 2000, assessments of central banks are carried out for countries seeking financing from the IMF. They are part of the Fund’s approach to prudent lending and complement the Fund’s other safeguards such as program design, conditionality, and access limits, to name a few. The assessments aim to provide reasonable assurance that governance and controls can protect Fund resources from misuse and guard against misreporting of monetary data used for program monitoring purposes.

Subject: Central banks, Euro Area, Europe, External auditors, Governance, Monetary operations, Risk management, Safeguards assessments policy

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