Further Extension of Consultation Cycles Due To Covid-19 Pandemic, and Suspension of Framework To Address Excessive Delays in Article IV Consultations and Mandatory Financial Stability Assessments

July 17, 2020

Preview Citation

Format: Chicago

Further Extension of Consultation Cycles Due To Covid-19 Pandemic, and Suspension of Framework To Address Excessive Delays in Article IV Consultations and Mandatory Financial Stability Assessments, (USA: International Monetary Fund, 2020) accessed November 9, 2024

Summary

Notwithstanding the ongoing intensive policy dialogue with the membership during the COVID-19 pandemic, there is growing need for resuming Article IV consultations and mandatory Financial Stability Assessments (FSAs). However, the resumption of Article IV consultations over the coming months will need to be gradual, remain focused on the crisis and related challenges, and be undertaken flexibly. Staff recommends a further extension of consultation cycles to accommodate the gradual nature of the restart. Staff also recommends that the application of the framework to address excessive delays in the completion of Article IV consultations and mandatory FSAs be temporarily suspended.

Subject: Financial Sector Assessment Program, Financial stability assessment

Keywords: Consultation, Containment policy, Fund staff, Mandatory FSA, Policy, PP

Publication Details

Pages:

7
Volume:

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DOI:

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Issue:

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Series:

Policy Paper No. 2020/035
Stock No:

PPEA2020035
ISBN:

9781513550404
ISSN:

2663-3493

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