Review of Implementation of The 2018 Framework for Enhanced Fund Engagement on Governance

Author: International Monetary Fund. Fiscal Affairs Dept., International Monetary Fund. Legal Dept., and International Monetary Fund. Strategy, Policy, & Review Department

The review paper finds that Fund engagement with member countries on governance and corruption has been broadly systematic, candid, effective, and evenhanded.

Volume/Issue: Volume 2023 Issue 015

Publication date: April 2023

ISBN: 9798400238017

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Exports and Imports , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , Civics and Citizenship , Political Economy , governance , corruption , systematic , effective , candid , evenhanded , enhanced engagement , IMF Text Analytics database , IMF engagement , governance vulnerability , audit report , IMF's work , Auditing , Civil society organizations , Emergency assistance , Anti-money laundering and combating the financing of terrorism (AML/CFT) , Global

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Summary

This paper reviews the implementation of the “2018 Framework for Enhanced Fund Engagement on Governance” (the “2018 Governance Framework”). The Board adopted the 2018 Governance Framework to promote a more systematic, effective, candid, and evenhanded engagement with member countries regarding corruption of macro critical dimensions and governance vulnerabilities that allow corruption. Building upon various sources of information, including surveys with key stakeholders, the paper provides a comprehensive stocktaking of the Fund’s work in governance and corruption since 2018, and makes specific proposals to further improve implementation of the Framework.