Contents -- Acknowledgments -- Foreword -- Preface -- Executive Summary -- Acronyms and Abbreviations -- 1 Introduction -- Main Objectives of FSAP -- Design and Implementation of the FSAP -- Scope of the Evaluation -- 2 Relevance, Program Design, and Inputs -- Relevance -- Country Selection -- Scope of Assessments -- Updates -- Costs -- Advance Preparation -- Review Stage and Staffing -- Joint Program between the IMF and World Bank -- 3 Outputs -- Quality of Analysis -- Articulation of Findings -- Informing the Executive Boards of the World Bank and IMF -- 4 Impact of the FSAP -- Policy Debate -- Implementation of Recommendations -- Integration with Bank Country Programs -- Knowledge Sharing at the Bank -- Influence on the IMF -- Influence on other Donors, IFIs, and Agencies -- Standard Setters -- Influence on Financial Markets -- Disclosure -- 5 Key Findings and Recommendations -- Recommendations -- Appendixes -- A: Assessment and Updates -- B: FSAP Framework -- C: Methodology for FSAP Evaluation -- D: Survey of Stakeholders -- E: Management Response -- F: Chairman's Summary, Committee on Development Effectiveness (CODE) -- Endnotes -- References -- Boxes -- 3.1 Stress Testing -- 3.2 Different Approaches to Nonbanking Issues -- 3.3 Assessment of FSAP Updates -- 4.1 Link between the FSAP and Bank Programs -- 4.2 Donor Concerns About the FSAP -- Figures -- 2.1 Percentage of Countries with FSAPs -- 2.2 Recommended Frequency of FSAP Updates -- 2.3 Average FSAP Cost by Income Level -- 2.4 Satisfaction with Comments from Bank Departments -- 2.5 Satisfaction with Comments from IMF Departments -- 3.1 Most Useful Analytical Components -- 3.2 Reasons for Noncandid FSAP Recommendations -- 4.1 Reasons Why Authorities Requested an FSAP -- 4.2 Contributions to the Policy Debate -- 4.3 Degree of Implementation of FSAP Recommendations -- Tables.

2.1 Select Countries with Financial Crises: Changes in Poverty Rates and GDP -- 2.2 Countries with FSAPs, by Income Level -- 2.3 Percentage of Countries with FSAPs per Bank Region -- 2.4 Frequency of Assessment Done in Fiscal Years 2000-04 -- 2.5 ROSCs per Category of Country -- 2.6 Completion Times of FSAP Documents -- 3.1 Summary of Results of Detailed Reviews -- 3.2 Completed and Disclosed FSAP Documents -- 4.1 Usefulness of FSAP Areas.