Selected Organizational Issues

The FSAP Procedures Guide covers both assessments and updates. In addition, assessments (countries and economies that have not yet participated in the program) and reassessments (when the passage of time or the pace of the reform process in a country indicates that comprehensive updating of the initial FSAP assessment is desirable) are complemented by focused updates (including updating of stability and standards and codes assessments). More detailed guidelines to implement specific aspects of the procedures—confidentiality, country selection, mission formation and scheduling, contacts with authorities, contacts with cooperating official institutions, document preparation, review process, publication, and the like—have been issued within the Fund and Bank in line with the respective internal procedures of each institution.

This section highlights certain aspects of the internal guidelines and of the procedures designed to facilitate appropriate tailoring of assessments to country circumstances, to ensure consistency of assessments, and to increase efficiency of the assessment process. Certain considerations in the organization and design of FSAP teams are important for appropriate coverage and for tailoring the development and stability assessments. The composition of a FSAP team should reflect the scope of work, which, in turn, is governed by the level of development of the sector, as well as by specific structural features (as outlined in box 1.2 in chapter 1). Those considerations are further explained in the fol­lowing sections.

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