Multitranche Financing Facility Annual Report 2017

Abstract

The Multitranche Financing Facility Annual Report 2017 consolidates the key findings on MFF performance that were reported in the annual multitranche financing facility (MFF) progress reports by the five regional departments. As required by the MFF policy paper, 1 these progress reports provide, for all approved MFFs in each country, (i) progress made on each of the physical and nonphysical components; (ii) risks and issues, and actions being taken to mitigate the risks and resolve the issues; (iii) updated design and monitoring frameworks; (iv) the status of compliance with clients’ commitments to take or maintain certain undertakings over the term of the MFF; and (v) any changes in circumstance or material facts relating to the investment program or plan.2 The coverage and focus of the MFF annual reports were significantly revised in 2017 and each annual MFF progress report was significantly improved in 2018. This has been done to strictly comply with the reporting requirements of the MFF policy (footnote 1).