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Public Information Notice: IMF Board Discusses the Fund's Role in Signaling Assessments of Members' Policies, February 13, 2003
Signaling by the Fund—A Historical Review, July 16, 2004
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Signaling Assessments of Members' Policies
Prepared by the Policy Development and Review Department
January 8, 2003
Available in PDF (215 K) Use the
free Adobe Acrobat Reader to view PDF files
Contents
I. Introduction
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II. Monitoring
for Signaling Purposes
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A.
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Signaling SMPs: Key Concern
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B.
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Monitoring to Signal Assessments of a
Member's Economic Policies: A Modified Approach |
III. Ad
Hoc Signaling Through "Comfort Letters": Experience
and Proposed Policy
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IV. Summary and Issues for Discussion |
Appendices
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Appendix I |
Enhanced Surveillance: Modalities
and Experience |
Appendix
II |
Fund Monitored Programs:
Modalities and Experience |
Appendix III
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Staff Monitored Programs:
Evolution, Modalities and Experience |
Appendix IV |
"Comfort Letters"--Background
and Practices
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Boxes |
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Box A.1 |
Modalities of Staff-Monitored
Programs
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Appendix Tables |
Table A1. |
Signaling SMPs: Reporting
on Initiation and Performance |
Table A2. |
Recent Experience with "Comfort
Letters" |
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