The IMF works with the World Bank on macroeconomic credit risk mitigation objectives to better assist member countries in addressing debt sustainability and restructuring challenges, assess financial stability, and help member countries, particularly the poorest countries, reduce their debt burdens. • The objective of enterprise risk management (ERM) impacting derivatives and hedging is now to identify, collect and process operational risk losses. This cannot be done without FinTech cross-cutting capacity automating the use of organizational knowledge of the internal and external environment.

  • The IMF supports member countries' efforts to work with their creditors to combat debt distress in the context of an IMF-supported program.

The TPRM accounting certification training program developed with the University of San Francisco for virtual seminars and workshops at the workstation by connecting to http://www.hcm-accounting.com/index.php/whatwedo-3, aligns with the requirements of the BCBS, and with the IMF plan.

The Global Sovereign Debt Roundtable meeting on April 12, 2023, brought together public and private sector creditors, as well as borrowers, with the common purpose of accelerating the debt-restructuring process. The meeting resulted in tangible progress on debt restructuring. There were three positive outcomes:

  • An agreement on improving information sharing of macroeconomic projections and debt sustainability assessments at an early stage of the debt-restructuring process.
  • A common understanding of the role that multilateral development banks can play, notably through the provision of net positive flows of concessional financing; and
  • A clearly defined work plan, including a workshop on how to assess and enforce comparability of treatment.


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