(2014-09) Report on the Incidence of Longer-Term Program Engagement

International Monetary Fund • 2014 • 4 pages

Summary — This IMF report examines the incidence of longer-term program engagement (LTPE) among member countries, including Haiti. It finds that several countries, including Haiti, have been under Fund-supported financial arrangements for extended periods, requiring Ex Post Assessments (EPAs) to evaluate program effectiveness.

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Key Findings

Fourteen members met the LTPE definition as of September 1, 2014.
Afghanistan and Haiti were added to the list of countries with LTPE.
EPA reports for Afghanistan and Haiti are expected to be produced in the next twelve months.
The Haiti EPA report is expected to be discussed by the Executive Board together with the last review under the current ECF arrangement.

Full Description

The report assesses the incidence of Longer-Term Program Engagement (LTPE), defined as a member being under Fund-supported financial arrangements for at least seven of the past 10 years. It highlights that as of September 1, 2014, fourteen members met the LTPE definition, including Afghanistan and Haiti, which were newly added to the list. The report notes that an Ex Post Assessment (EPA) is required for members meeting the LTPE definition, and an EPA report for Haiti is expected to be discussed by the Executive Board together with the last review under the current ECF arrangement.

Topics

Geography

Time Coverage

2004 — 2014

Keywords

Longer-term program engagement, LTPE, Ex Post Assessment, EPA, Fund-supported financial arrangements, Haiti, Afghanistan, ECF arrangement

Entities

IMF, Executive Board, Alexander Culiuc, Emmanuel Hife

Notes

IMF Policy Paper (091014)