On the proposed amendments in instruments and financing for PRGF, the efforts for clarifying blend criteria, formalizing the low access PRGF arrangements are welcome. Greater clarity in the principles of PRGF augmentation for addressing exogenous shocks and the need for Fund engagement with emergency post-conflict countries are also necessary.We are not in favour of duplicating surveillance in the form of Enhanced Monitoring Policy (EMP).
I look forward to your questions. 2  BIS central bankers’ speeches