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https://www.imf.org/en/About/Factsheets/Sheets/2016/08/02/21/21/Policy-Support-Instrument
The Policy Support Instrument (PSI) offers low-income countries that do not want—or need—Fund financial assistance a flexible tool that enables them to secure Fund advice and support without a borrowing arrangement. This non-financial instrument is a valuable complement to the IMF’s lending facilities under the Poverty Reduction and Growth Trust. The PSI helps countries design effective ...
https://www.imf.org/en/News/Articles/2018/07/02/pr18271-imf-executive-board-completes-sixth-review-for-senegal
Jul 02, 2018 · IMF Executive Board Completes Sixth Review Under the Policy Support Instrument (PSI) for Senegal. July 2, 2018. The program aims to support implementation of economic policies and structural reforms to achieve macroeconomic objectives in the Plan Sénégal Emergent (PSE) and meet the regional WAEMU fiscal criteria.. Growth was robust at 7.2 percent in 2017 and is projected to …
https://www.elibrary.imf.org/view/IMF002/11481-9781455212712/11481-9781455212712/11481-9781455212712_A003.xml?language=en
The Executive Board of the International Monetary Fund (IMF) approved on November 22, 2010 a 15-month Policy Support Instrument (PSI) for Cape Verde. The IMF's framework for PSIs is designed for low-income countries that may not need IMF financial assistance, but still seek IMF advice, monitoring, and endorsement of their policy frameworks.
https://www.brettonwoodsproject.org/2009/04/art-564422/
– Donors view was that where there was a strong budget support relationship, IMF views were irrelevant. Have a sixteen year survey of investors which has repeatedly shown that existence of IMF programme has no impact on their decisions to invest. – On crisis; important not to provide perverse incentives.
https://www.elibrary.imf.org/view/IMF002/20686-9781484382059/20686-9781484382059/20686-9781484382059_A004.xml?language=en
This paper focuses on Uganda's 2013 Article IV Consultation and Sixth Review Under the Policy Support Instrument, Request for a Three-Year Policy Support Instrument and cancellation of Current Policy Support Instrument. Driven mainly by investment and trade, growth has recovered to about 5 percent, a stronger than expected rebound from the low 31/2 percent expansion registered last year.
https://www.brettonwoodsproject.org/2007/10/art-558087/
The IMF’s Policy Support Instrument: more flexibility or continued belt tightening World Bank-IMF annual meetings 2007. 26 October 2007 Minutes
http://law.bepress.com/cgi/viewcontent.cgi?article=6285&context=expresso
UNDERSTANDING THE POLICY SUPPORT INSTRUMENT OF THE IMF : Abstract The plethora of acronyms in the IMF has a new addition- the ‘PSI’. On October 17, 2005, the International Monetary Fund (IMF) approved Nigeria’s request for a Policy Support Instrument (PSI) , thereby documenting Nigeria as the first user of the new IMF program.
https://web.stanford.edu/~johntayl/IIESept23TaylorRemarksRev.pdf
The Policy Support Instrument is a new type of IMF program agreed to just last spring at the time of the IMF/World Bank meetings. The sine qua non of the Policy Support Instrument is that a country does not have to borrow from the IMF in order to receive many of the benefits that the IMF—the board, the management, the staff—gives
https://web.stanford.edu/~johntayl/Onlinepaperscombinedbyyear/2006/The_Policy_Support_Instrument_A_Key_Component_of_the_Recent_IMF_Reform_Movement.pdf
19 The Policy Support Instrument: A Key Component of the Recent IMF Reform Movement JOHN B. TAYLOR The Policy Support Instrument (PSI) is a new type of IMF program agreed to in principle at the time of the 2005 IMF–World Bank spring meetings and officially established by the IMF Executive Board in October 2005.
https://www.bookstore.imf.org/books/title/senegal-third-review-under-the-policy-support-instrument-and-request-for-modification-of-assessment-criteria-staff-report-informational-anne
This paper discusses key findings of the Third Review Under the Policy Support Instrument for Senegal. All end-December 2011 quantitative assessment criteria were met—except one on the overall fiscal balance, which was missed by a small margin. Some progress was achieved in structural reforms but a number of benchmarks were missed.
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