2021-12-21-IMF-Statement_by_the_Managing_Director_on_the_Work_Program_of_the_Executive_Board_-_Executive_Board_Meeting_-_December_3,_2021_4页_161kb
报告摘要
December 15, 2021 Report Summary: IMF Work Program Statement
Overview
- The IMF Work Program outlines a Board agenda centered around three key policy priorities: responding to the COVID-19 pandemic (vaccinate), calibrating policies to support recovery, and accelerating transformation towards a green, digital, and inclusive global economy.
- The Fall Work Program details priorities for the remainder of Fiscal Year (FY) 2022 and sets the stage for the Spring 2022 World Economic Outlook (WEO), Global Financial Stability Report (GFSR), Fiscal Monitor, and ensures the Fund maintains its role in global financial stability.
Key Priorities
A. Vaccinate the World
- Focus on reaching global vaccination targets (40% by end-2021, 70% by mid-2022) to combat the pandemic.
- Continue collaboration with partners (Multilateral Leaders Task Force, IMF-WHO tracker).
- Board updates on progress.
B. Calibrate Policies
1. Global Outlook & Macro Risk
- WEO: Update on policy challenges for recovery, supply chains, inflation, energy.
- GFSR: Analyze financial markets, EM sovereign-bank links, FinTech.
- Fiscal Monitor: Updates on fiscal developments/challenges;International Tax Coordination review on C/Tax/Info-sharing.
- WECDU: Interim updates.
- Early Warning Exercise: Continued Board engagement.
- Low-Income Country Report: Restart annual report in FY2023.
2. Fund Outputs
- Surveillance: End FY22 focus includes Institutional Views on Capital Flows, Multi-Currency Practices, Data Review. Next FY includes Integrated Policy Framework (IPF) operationalization, Enhanced Engagement (Governance/Central Bank Transparency). Country Matters Meetings (CMMs) will increase.
- Lending: FY22 focuses on establishing Resilience and Sustainability Trust (RAST) post-SDR allocation, eligibility/concessional financing, arrears policies. FY23 includes reviews of Flexible Credit Lines (FCL), Precautionary Liquidity Line (PLL), Short-Term Liquidity Line (STLL), Pandemic Program (PP) review.
- Capacity Development (CD): Board updates on CD Information Framework review, FY23-25 priorities. FY2023 Strategy review kickoff.
3. Debt
- Focus on the Multipronged Approach for Debt Vulnerabilities.
- Discuss Debt Service Suspension Initiative (DSSI), Common Framework updates. Ensure Catastrophe Containment and Relief Trust (CCRT) funding allocated; Review modalities for CCRT-Debt Service Relief. FY23 includes discussion on Contractual Sovereign Debt Restructuring & Debt Transparency.
4. Trade
- Board review of Trade Policy Role in FY2023.
5. Analytical Work
- Staff advances analysis on Central Bank exits, Enterprise Restructuring, Fiscal Rules/Medium-Term Frameworks. Board briefings expected on Capital Flows/CFMs/Crisis Risks, Central Bank Balance Sheet risk in FY23.
6. Global Cooperation & Standards
- Board reviews: Balance of Payment Stats report, Data Standards Initiatives. Update on Balance of Payments Manual/SNA. Prioritize climate change data gaps in G20 initiative.
7. Independent Evaluation
- IEO reinforces learning culture. FY near-term reviews: MIPs on Long-Standing Actions & Adjustment/Growth programs. FY23 Evaluation pipeline includes Engagement/Small States, CD, COVID response reviews within 6 months of Board discussions.
C. Accelerate Transformational Recovery
Climate
- Address climate vulnerability. FY near-term pipeline: Infrastructure Governance/Climate Investment, Fiscal Adaptation, Financial Stability climate risk. FY23 Board considers Climate Macroeconomic Assessment Program modalities, reviews Climate Strategy implementation.
Digitalization
- Endorsement of Digital Money Strategy. FY near-term pipeline: CBDC developments, capacity dev approach. FY2023: Interaction between DM and IMS, Implementation Strategy briefing.
Inclusion
- Consider a Gender Strategy for analysis and ops. Briefing on SDN "Women and Finance" post-COVID.
- FY2023 briefing on Inclusion/Strategies implementation expected Late FY23.
Fragile & Conflict-Affected States (FCS)
- Continue earlier focus, Board agenda on enhancing Fund engagement in FCS, FCS Strategy implementation briefing expected in FY23.
D. Fund Operations
1. Income & Budget
- Board approval of IMFs mandate (staffing/skills). Engage on FY2023-2025 Medium-Term Budget.
- Discussions on FY2022 & FY2023-24 income reviews, Investment Account/Strategy, Precautionary balance review.
2. Modernization & Diversity
- Update on 1HR project. Discussions on Staff Compensation 2022 Review, Recruitment, Diversity/Inclusion Report FY2020-21. Hybrid work model, Fund Carbon Footprint, Environmental Sustainability Council updates.
3. Resources & Governance
- IMF quota review ongoing, target completion by Dec 2023 mid-past. Committee of the Whole engagement ahead of Spring Meetings, Board review of Board's second interim report. Surveys/monitoring of resource demand.
- Review of SDR value date, Implementation/Method methodology, Safeguards, Fund's overdue payments strategy, Liquidity Position outlook. External Audit Committee briefing. Regular transactions plan.
4. Board Operations
- Staff to propose ways to improve Board efficiency and operations.
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