2024 Staff Guidance Note On The IMF’s Engagement With Small Developing States

Policy Papers, July 25, 2024

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Canonical URL: 2024 Staff Guidance Note On The IMF’s Engagement With Small Developing States

Provides operational guidance on the Fund’s engagement with small developing states (SDS).
Highlights unique economic characteristics and constraints facing SDS, notably in a more shock-prone world.
Builds on advice that applies to the full membership and explains how SDS characteristics shape:
- Fund surveillance,
- Financial support and program design,
- Capacity development (CD),
- Collaboration with other institutions and donors.
Updates the previous version that was published in December 2017.
Publication date: July 25, 2024.

Surveillance
- Emphasizes tailoring fund surveillance to SDS’s unique economic structures and shock exposure.
Financial support and program design
- Stresses adjustments in lending and program design to reflect SDS vulnerabilities and resilience needs.
Capacity development (CD)
- Highlights the role of CD in strengthening institutional capacity in SDS.
Collaboration
- Recommends intensified collaboration with other institutions and donors to address resource and technical constraints.

Subject: Climate change, Climate finance, Environment, Natural disasters
Keywords: Caribbean, Climate change, Climate finance, financial support, fund surveillance, Global, lending to SDS circumstances, Natural disasters, Pacific Islands, SDS authority, SDS wg, transparency policy