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Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1498346308
Category : Business & Economics
Languages : en
Pages : 23
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Book Description
activity remained consistent with recent years. 21 assessments were completed during the update period (September 2015-April 2017) and five were in progress at the end of the period. Activity continues to average around 13 assessments per year. While the number of central banks under monitoring decreased slightly from 67 to 63, some monitoring cases required intense engagement due to safeguards challenges that emerged. These related to forensic investigations, governance reforms, and a deterioration in safeguards frameworks of central banks facing difficult external conditions.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1498346308
Category : Business & Economics
Languages : en
Pages : 23
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Book Description
activity remained consistent with recent years. 21 assessments were completed during the update period (September 2015-April 2017) and five were in progress at the end of the period. Activity continues to average around 13 assessments per year. While the number of central banks under monitoring decreased slightly from 67 to 63, some monitoring cases required intense engagement due to safeguards challenges that emerged. These related to forensic investigations, governance reforms, and a deterioration in safeguards frameworks of central banks facing difficult external conditions.
Author: Mr.George M Kabwe
Publisher: International Monetary Fund
ISBN: 1513523015
Category : Business & Economics
Languages : en
Pages : 23
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Book Description
Safeguards assessments are a key pillar of the risk management arrangements for IMF lending. Safeguards assessments aim to mitigate the risks of misuse of Fund resources and misreporting of program monetary data under Fund arrangements. Safeguards assessment reports are confidential and therefore the IMF Executive Board is provided with a periodic report on safeguards activities on a biennial basis, in addition to high-level summaries in member country staff reports on key findings and recommendations. This update on safeguards activity covers the period May 2017 to end-April 2019 (the period).
Author: International Monetary Fund. Finance Dept.
Publisher: International Monetary Fund
ISBN: 149833329X
Category : Business & Economics
Languages : en
Pages : 18
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Book Description
This paper provides Executive Directors with an update of safeguards assessment activities from July 1, 2006 through June 30, 2007. This is the second annual update report of safeguards activities since the last review of the safeguards policy in April 2005. The next review of the policy by the Executive Board is scheduled for 2008.
Author: Mr.George M Kabwe
Publisher: International Monetary Fund
ISBN: 1513523023
Category : Business & Economics
Languages : en
Pages : 23
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Book Description
Safeguards assessments are a key pillar of the risk management arrangements for IMF lending. Safeguards assessments aim to mitigate the risks of misuse of Fund resources and misreporting of program monetary data under Fund arrangements Safeguards assessment reports are confidential and therefore the IMF Executive Board is provided with a periodic report on safeguards activities on a biennial basis, in addition to high-level summaries in member country staff reports on key findings and recommendations. This update on safeguards activity covers the period May 2017 to end-April 2019 (the period).
Author: International Monetary Fund. Finance Dept.
Publisher: International Monetary Fund
ISBN: 1498335055
Category : Business & Economics
Languages : en
Pages : 22
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Book Description
This paper provides Executive Directors with an update of safeguards assessment activities from July 1, 2008 through June 30, 2009. In common with previous updates, it covers the various types of safeguards activities undertaken during the year, highlighting the increased activity associated with the “twin crises” of food and fuel price shocks and the global financial crisis during 2008/09. It also briefly discusses developments in the latter part of that year, including the separate safeguards procedures introduced for members accessing the Flexible Credit Line (FCL).
Author: International Monetary Fund. Finance Dept.
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 37
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Book Description
This report by the external expert panel (“the panel”) examines the effectiveness and appropriateness of the safeguards assessments policy in the five years since its last review in 2015. In addition to expressing an opinion on the effectiveness and appropriateness of the safeguards assessment policy, the panel also makes recommendations to the Executive Board for its consideration to improve and optimize the benefits to be garnered from the safeguards assessment policy. The panel’s opinion is based on (i) consultations with key stakeholders, including central bank authorities, IMF Executive Directors’ offices, and Fund staff; (ii) examination of safeguards assessment and other Fund-specific documents; and (iii) study of international reference materials.
Author: International Monetary Fund. Strategy, Policy, & Review Department
Publisher: International Monetary Fund
ISBN: 1498346235
Category : Business & Economics
Languages : en
Pages : 190
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Book Description
This Handbook provides guidance to staff on the financial facilities and non-financial instruments for low-income countries (LICs), defined here as all countries eligible to obtain concessional financing from the Fund. It updates the previous version of the Handbook that was published in February 2016 (IMF, 2016d) by incorporating modifications resulting from Board papers and related decisions since that time, including Financing for Development—Enhancing the Financial Safety Net for Developing Countries—Further Considerations (IMF, 2016c), Review of Poverty Reduction and Growth Trust – Review of Interest Rate Structure (IMF, 2016b), Eligibility to Use the Fund’s Facilities for Concessional Financing (IMF, 2017a), Large Natural Disasters—Enhancing the Financial Safety Net for Developing Countries (IMF, 2017b) and Adequacy of the Global Financial Safety Net – Proposal for a New Policy Coordination Instrument (IMF, 2017c). Designed as a comprehensive reference tool for program work on LICs, the Handbook also refers, in summary form, to a range of relevant policies that apply more generally to IMF members. As with all guidance notes, the relevant IMF Executive Board decisions, including the terms of the various LIC Trust Instruments that have been adopted by the Board, remain the sole legal authority on the matters covered in the Handbook
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 9
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Book Description
The Analytic System and Software for Evaluating Safeguards and Security (ASSESS) has been released for use by DOE field offices and their contractors. In October, 1989, we offered a prototype workshop to selected representatives of the DOE community. Based on the prototype results, we held the first training workshop at the Central Training Academy in January, 1990. Four additional workshops are scheduled for FY 1990. ASSESS is a state-of-the-art analytical tool for management to conduct integrated evaluation of safeguards systems at facilities handling facilities. Currently, ASSESS focuses on the threat of theft/diversion of special nuclear material by insiders, outsiders, and a special form of insider/outsider collusion. ASSESS also includes a neutralization module. Development of the tool is continuing. Plans are underway to expand the capabilities of ASSESS to evaluate against violent insiders, to validate the databases, to expand the neutralization module, and to assist in demonstrating compliance with DOE Material Control and Accountability (MC A) Order 5633.3. These new capabilities include the ability to: compute a weighted average for performance capability against a spectrum of insider adversaries; conduct defense-in-depth analyses; and analyze against protracted theft scenarios. As they become available, these capabilities will be incorporated in our training program. ASSESS is being developed jointly by Lawrence Livermore and Sandia National Laboratories under the sponsorship of the Department of Energy (DOE) Office of Safeguards and Security.
Author: International Monetary Fund. Finance Dept.
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 45
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Book Description
This paper reviews experience with the safeguards assessment policy since the last review in 2015. The policy is subject to periodic reviews by the Executive Board. The policy’s main objective is to mitigate risks of misuse of Fund resources and misreporting of monetary data under Fund arrangements. Consistent with past reviews, an external panel of experts provided an independent perspective on the implementation of the policy.
Author: Elie Chamoun
Publisher: International Monetary Fund
ISBN: 1484357965
Category : Business & Economics
Languages : en
Pages : 22
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Book Description
Experience under the safeguards policy has shown that central banks continued to strengthen their safeguards frameworks, but that vulnerabilities prevailed in the areas of internal audit and oversight by the audit committee (AC). This paper takes steps to help unravel why this was the case, based on analysis of safeguards findings in these areas during the period April 2010 to December 2017 (covering 111 assessments at 64 central banks). Based on this analysis, it presents the key attributes that determine the effectiveness of internal audit and the AC. It also argues that, an effective internal audit function, coupled with strong oversight by a high-performing AC are key enablers of good governance.
