Safeguards Assessments—2009 Update

Author: International Monetary Fund

This paper provides Executive Directors with an update of safeguards assessment activities from July 1, 2008 through June 30, 2009.

Volume/Issue: Volume 2009 Issue 098

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Topics covered in this book

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Business and Economics , Banks and Banking , Public Finance , PP , central bank , audit , staff , audit committee , auditor , Fund , financial assets , accounting records , internal auditors , External audit , Auditing , Financial statements , Internal audit , Central bank auditing , Africa , Global , Middle East and Central Asia , Western Hemisphere , Asia and Pacific

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Summary

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).