Post Program Monitoring During The Pandemic:Proposal For Temporary Streamlining Of Procedures And Renaming Of The Policy

The need for appropriate safeguards to the Fund’s balance sheet. Post Program Monitoring (PPM) is one such safeguard, which provides a framework for deeper and closer engagement with members that have substantial outstanding Fund credit but are not in a program relationship.

Volume/Issue: Volume 2021 Issue 026

Publication date: May 2021

ISBN: 9781484366080

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Topics covered in this book

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Exports and Imports , Economics- Macroeconomics , Money and Monetary Policy , Political Economy , PPM policy , PPM discussion , PPM report , PPM threshold , PPM framework , PPM decision , Credit , COVID-19 , Emergency assistance , Financial statements , Macro-fiscal framework , Africa

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Summary

The increase in Fund lending in the aftermath of the Covid-19 pandemic, including emergency financing, has led to a record number of requests for financing last year, and to an unprecedented amount of credit outstanding. This underscores the need for appropriate safeguards to the Fund’s balance sheet. Post Program Monitoring (PPM) is one such safeguard, which provides a framework for deeper and closer engagement with members that have substantial outstanding Fund credit but are not in a program relationship.