On publication of contract information, most of the commitments have or are in the process of being met, including, for example, in the Dominican Republic, Guinea, Nepal, and Ukraine.

Longer-term governance and corruption vulnerabilities will continue to be addressed under the IMFвЂ™s broader 2018 Framework for Enhanced Fund Engagement on Governance, with a focus on multi-year IMF lending arrangements, annual health checks of IMF member countries, and capacity development.ДЄ year into the emergency response, information is becoming availableВ on the progress in implementing these governance measures in pandemic-related spending. These emergency spending measures are not silver bullets and will only go so far in addressing deeper challenges. In addition, all recipient countries commit to undertake a Safeguards Assessment-a due diligence exercise that is aimed at ensuring that a countryвЂ™s central bank is able to provide reliable information and transparently manage the funds that it receives from the IMF.ДЄddressing corruption is a long game. The measures are tailored to country circumstances and the severity of corruption risks. These include commitments to publish pandemic-related procurement contracts and the beneficial ownership of companies awarded these contracts, as well as COVID-19 spending reports and audit results.

The IMF presses for better governance through greater transparency, and has sought specific governance measures for countries receiving IMF financing during the crisis.

To this end, the IMF has called for ensuring transparency and accountability in pandemic-related spending, so that the money and measures help the people who need it most, using the adage, вЂњ spend what you must, but keep the receipts.вЂќ The IMF presses for better governance through greater transparency.

2021 receipts