Evaluating Imf Training What Can We Learn

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Evaluating IMF Training: What Can We Learn?

Author : Ms.Hali J Edison,Dimitre Milkov,Josephat Koima
Publisher : International Monetary Fund
Page : 44 pages
File Size : 54,5 Mb
Release : 2018-06-27
Category : Business & Economics
ISBN : 9781484347027

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Evaluating IMF Training: What Can We Learn? by Ms.Hali J Edison,Dimitre Milkov,Josephat Koima Pdf

The IMF provides training to its membership in its core areas of expertise mainly through its Institute for Capacity Development (ICD) or formerly the IMF Institute (INS). This paper looks at the methods that ICD used to evaluate this activity and analyzes the data collected over the period 2006–13. Since 2015, ICD has undertaken a review of its curriculum and revamped its courses and evaluations. Hence this paper provides a detailed analysis of the situation prior to the review.The study's novel feature is its attempt to distill information from all evaluation sources in one place. It also conducts analysis to explain the evaluation results using participant demographic information. An important message that emerges from the different surveys is that ICD’s training program is well liked. Notable differences in results surface when sorting evaluations results by course type or by geographic location, and whether evaluations were filled out by participants or by their sponsoring managers.

The International Monetary Fund and the Learning Organization

Author : Moisés J. Schwartz,Ray C. Rist
Publisher : International Monetary Fund
Page : 181 pages
File Size : 50,9 Mb
Release : 2017-01-03
Category : Business & Economics
ISBN : 9781475546675

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The International Monetary Fund and the Learning Organization by Moisés J. Schwartz,Ray C. Rist Pdf

The benefits of independent evaluation in international financial institutions have long been recognized. However, independent evaluation in these organizations is of increased relevance during uncertain times that call for more credible and legitimate institutions. While evaluation has long played a function in the IMF, and its role has expanded substantially with the creation of the IEO, independent evaluation has yet to take on a role within the IMF that fully reflects its potential contribution. A strong global economy requires a strong IMF, and a strong IMF requires a strong independent evaluation culture and practice. The establishment of the IEO was only the start of a process that still needs to be fostered and cultivated. Successful independent evaluation is important for the IMF to be perceived as legitimate and credible—and to achieve it, the independent evaluation function needs to be further integrated in the learning process and culture of the Fund. Independent evaluation has played a significant role in contributing to the improvement of the IMF, but the pending challenge is for the IMF and the IEO to create a shared culture that fully embraces the purpose and mission of the IEO, and the learning opportunities offered by independent evaluation. The IMF’s organizational culture has a profound role to play in prompting actions to make learning from independent evaluation a more vibrant element of the Fund’s activities. This book calls on IMF management to take a more active role in instilling the positive value of independent evaluation across the organization and thus enabling independent evaluation to bring the IMF closer to what the literature defines as the ideal of a “learning organization.”

Training as Part of Capacity Building - Recent Initiatives and Strategic Considerations

Author : International Monetary Fund,IMF Institute
Publisher : International Monetary Fund
Page : 30 pages
File Size : 52,5 Mb
Release : 2008-04-18
Category : Business & Economics
ISBN : 9781498334570

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Training as Part of Capacity Building - Recent Initiatives and Strategic Considerations by International Monetary Fund,IMF Institute Pdf

This paper focuses on the IMF’s training program as part of the Medium–Term Strategy (MTS) for capacity building in member countries.1 It updates Executive Directors on the current features of the program, reviews the efforts that have been made in recent years to strengthen the curriculum and to enhance value for money, and considers options for boosting external financing of training through charging and increased donor contributions. The paper also provides background for addressing the following issues: — Are the objectives of IMF training fully consistent with the broader objectives of the institution? And are these training objectives being met? — Is Fund training efficiently organized—i.e., is the current degree of decentralization sensible? — Are adequate evaluation and feedback mechanisms in place? —In the absence of market signals and with a large unsatisfied demand, how can we determine the “right” volume of training and how can we assess its worth?

Recurring Issues from a Decade of Evaluation

Author : International Monetary Fund. Independent Evaluation Office
Publisher : International Monetary Fund
Page : 61 pages
File Size : 52,8 Mb
Release : 2014-08-21
Category : Business & Economics
ISBN : 9781498392709

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Recurring Issues from a Decade of Evaluation by International Monetary Fund. Independent Evaluation Office Pdf

This report seeks to help the IMF enhance its effectiveness by identifying major recurring issues from the IEO’s first 20 evaluations and assessing where they stand. The IMF’s core areas of responsibility are surveillance, lending, and capacity development. The aim of this report is to strengthen the follow-up process by focusing on key issues that recurred in IEO evaluations, rather than on specific recommendations on their implementation. The IEO believes that a framework of reviewing and monitoring recurring issues would be useful in establishing incentives for progress, strengthening the Board’s oversight, and providing learning opportunities for the IMF.

New Common Evaluation Framework for IMF Capacity Development

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 24 pages
File Size : 55,6 Mb
Release : 2017-04-27
Category : Computers
ISBN : 9781498346894

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New Common Evaluation Framework for IMF Capacity Development by International Monetary Fund Pdf

new common evaluation framework for the Fund’s capacity development (CD) activities. The new common evaluation framework is intended to streamline current practices and increase comparability and use of results by adopting for all CD evaluations a common four-step process that includes use of the OECD Development Assistance Committee (DAC) evaluation criteria. Around this common approach, there is flexibility to adapt evaluations to reflect the wide range of CD activities. Key elements of the framework are grouped around the objectives of: producing shorter, more focused, and more comparable evaluations; improving the information supporting evaluations;spending the same level of resources on evaluations while allocating these scarce resources more efficiently; and using the information from evaluations to alter practices or shift the targeting of CD resources.

The Making of Good Supervision: Learning to Say "No"

Author : Jennifer A. Elliott,Aditya Narain,Ian Tower,José Vinãls,Pierluigi Bologna,Michael Hsu,Jonathan Fiechter
Publisher : INTERNATIONAL MONETARY FUND
Page : 22 pages
File Size : 40,7 Mb
Release : 2010-05-18
Category : Electronic
ISBN : 1462310184

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The Making of Good Supervision: Learning to Say "No" by Jennifer A. Elliott,Aditya Narain,Ian Tower,José Vinãls,Pierluigi Bologna,Michael Hsu,Jonathan Fiechter Pdf

The quality of financial sector supervision has emerged as a key issue from the financial crisis. While most countries operated broadly under the same regulatory standards, differences emerged in supervisory approaches. The international response to this crisis has focused on the need for more and better regulations (e.g., in areas such as bank capital, liquidity and provisioning) and on developing a framework to address systemic risks, but there has been less discussion of how supervision itself could be strengthened. The IMF's work in assessing compliance with financial sector standards over the past decade in member countries suggests that while progress is being made in putting regulation in place, work remains to be done in many countries to strengthen supervision. How can this enhanced supervision be achieved? Based on an examination of lessons from the crisis and the findings of these assessments of countries' compliance with financial standards, the paper identifies the following key elements of good supervision-that it is intrusive, skeptical, proactive, comprehensive, adaptive, and conclusive. To achieve these elements, the "ability" to supervise, which requires appropriate resources, authority, organization and constructive working relationships with other agencies must be complemented by the "will" to act. Supervisors must be willing and empowered to take timely and effective action, to intrude on decision-making, to question common wisdom, and to take unpopular decisions. Developing this "will to act" is a more difficult task and requires that supervisors have a clear and unambiguous mandate, operational independence coupled with accountability, skilled staff, and a relationship with industry that avoids "regulatory capture." These essential elements of good supervision need to be given as much attention as the regulatory reforms that are being contemplated at both national and international levels. Indeed, only if supervision is strengthened can we hope to effectively deliver on the challenging-but crucial-regulatory reform agenda. For this to happen, society must stand with supervisors as they play their role as naysayers in times of exuberance.

The International Monetary Fund and the Learning Organization

Author : Moisés J. Schwartz,Ray C. Rist
Publisher : International Monetary Fund
Page : 181 pages
File Size : 52,8 Mb
Release : 2017-01-03
Category : Business & Economics
ISBN : 9781475563863

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The International Monetary Fund and the Learning Organization by Moisés J. Schwartz,Ray C. Rist Pdf

The benefits of independent evaluation in international financial institutions have long been recognized. However, independent evaluation in these organizations is of increased relevance during uncertain times that call for more credible and legitimate institutions. While evaluation has long played a function in the IMF, and its role has expanded substantially with the creation of the IEO, independent evaluation has yet to take on a role within the IMF that fully reflects its potential contribution. A strong global economy requires a strong IMF, and a strong IMF requires a strong independent evaluation culture and practice. The establishment of the IEO was only the start of a process that still needs to be fostered and cultivated. Successful independent evaluation is important for the IMF to be perceived as legitimate and credible—and to achieve it, the independent evaluation function needs to be further integrated in the learning process and culture of the Fund. Independent evaluation has played a significant role in contributing to the improvement of the IMF, but the pending challenge is for the IMF and the IEO to create a shared culture that fully embraces the purpose and mission of the IEO, and the learning opportunities offered by independent evaluation. The IMF’s organizational culture has a profound role to play in prompting actions to make learning from independent evaluation a more vibrant element of the Fund’s activities. This book calls on IMF management to take a more active role in instilling the positive value of independent evaluation across the organization and thus enabling independent evaluation to bring the IMF closer to what the literature defines as the ideal of a “learning organization.”

Machine Learning and Knowledge Discovery in Databases

Author : Wray Buntine,Marko Grobelnik,Dunja Mladenic,John Shawe-Taylor
Publisher : Springer
Page : 780 pages
File Size : 40,5 Mb
Release : 2009-08-28
Category : Computers
ISBN : 9783642041808

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Machine Learning and Knowledge Discovery in Databases by Wray Buntine,Marko Grobelnik,Dunja Mladenic,John Shawe-Taylor Pdf

This book constitutes the refereed proceedings of the joint conference on Machine Learning and Knowledge Discovery in Databases: ECML PKDD 2009, held in Bled, Slovenia, in September 2009. The 106 papers presented in two volumes, together with 5 invited talks, were carefully reviewed and selected from 422 paper submissions. In addition to the regular papers the volume contains 14 abstracts of papers appearing in full version in the Machine Learning Journal and the Knowledge Discovery and Databases Journal of Springer. The conference intends to provide an international forum for the discussion of the latest high quality research results in all areas related to machine learning and knowledge discovery in databases. The topics addressed are application of machine learning and data mining methods to real-world problems, particularly exploratory research that describes novel learning and mining tasks and applications requiring non-standard techniques.

Independent Evaluation at the IMF

Author : Ruben Lamdany,Ms.Hali J. Edison
Publisher : International Monetary Fund
Page : 268 pages
File Size : 45,5 Mb
Release : 2012-12-24
Category : Business & Economics
ISBN : 9781475531268

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Independent Evaluation at the IMF by Ruben Lamdany,Ms.Hali J. Edison Pdf

This volume examines how independent evaluation contributes to the legitimacy and effectiveness of the IMF. It describes the evolution and impact of the Independent Evaluation Office ten years after its creation as well as the challenges it has faced. It also incorporates feedback from a wide range of internal and external actors and offers useful insights for international organizations, academics, and other global stakeholders.

IEO Evaluation Report

Author : International Monetary Fund. Independent Evaluation Office
Publisher : International Monetary Fund
Page : 68 pages
File Size : 42,6 Mb
Release : 2014-04-30
Category : Business & Economics
ISBN : 9781475599510

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IEO Evaluation Report by International Monetary Fund. Independent Evaluation Office Pdf

The Independent Evaluation Office (IEO) was established by the IMF’s Executive Board in 2001. It provides objective and independent evaluation of issues related to the IMF. The IEO operates independently of IMF management and at arm’s length from the IMF Executive Board. For more information on the IEO’s activities, visit the IEO website: www.ieo-imf.org.

Predicting IMF-Supported Programs: A Machine Learning Approach

Author : Tsendsuren Batsuuri,Shan He,Ruofei Hu,Jonathan Leslie,Flora Lutz
Publisher : International Monetary Fund
Page : 48 pages
File Size : 41,5 Mb
Release : 2024-03-08
Category : Business & Economics
ISBN : 9798400269363

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Predicting IMF-Supported Programs: A Machine Learning Approach by Tsendsuren Batsuuri,Shan He,Ruofei Hu,Jonathan Leslie,Flora Lutz Pdf

This study applies state-of-the-art machine learning (ML) techniques to forecast IMF-supported programs, analyzes the ML prediction results relative to traditional econometric approaches, explores non-linear relationships among predictors indicative of IMF-supported programs, and evaluates model robustness with regard to different feature sets and time periods. ML models consistently outperform traditional methods in out-of-sample prediction of new IMF-supported arrangements with key predictors that align well with the literature and show consensus across different algorithms. The analysis underscores the importance of incorporating a variety of external, fiscal, real, and financial features as well as institutional factors like membership in regional financing arrangements. The findings also highlight the varying influence of data processing choices such as feature selection, sampling techniques, and missing data imputation on the performance of different ML models and therefore indicate the usefulness of a flexible, algorithm-tailored approach. Additionally, the results reveal that models that are most effective in near and medium-term predictions may tend to underperform over the long term, thus illustrating the need for regular updates or more stable – albeit potentially near-term suboptimal – models when frequent updates are impractical.

Accountability of the International Monetary Fund

Author : Barry Carin,Angela Wood
Publisher : IDRC
Page : 137 pages
File Size : 43,6 Mb
Release : 2005
Category : Business & Economics
ISBN : 9781552501757

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Accountability of the International Monetary Fund by Barry Carin,Angela Wood Pdf

Brings together leading experts from all over the world to further the debate on the various dimesions of accountability of IMF to its various sharholders and stakeholders. Having fully explored how the notion of accountability can be pragmatically applied it then tests various alternative appriaches and makes some recommendations.

FinTech in Financial Inclusion: Machine Learning Applications in Assessing Credit Risk

Author : Majid Bazarbash
Publisher : International Monetary Fund
Page : 34 pages
File Size : 45,9 Mb
Release : 2019-05-17
Category : Business & Economics
ISBN : 9781498316033

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FinTech in Financial Inclusion: Machine Learning Applications in Assessing Credit Risk by Majid Bazarbash Pdf

Recent advances in digital technology and big data have allowed FinTech (financial technology) lending to emerge as a potentially promising solution to reduce the cost of credit and increase financial inclusion. However, machine learning (ML) methods that lie at the heart of FinTech credit have remained largely a black box for the nontechnical audience. This paper contributes to the literature by discussing potential strengths and weaknesses of ML-based credit assessment through (1) presenting core ideas and the most common techniques in ML for the nontechnical audience; and (2) discussing the fundamental challenges in credit risk analysis. FinTech credit has the potential to enhance financial inclusion and outperform traditional credit scoring by (1) leveraging nontraditional data sources to improve the assessment of the borrower’s track record; (2) appraising collateral value; (3) forecasting income prospects; and (4) predicting changes in general conditions. However, because of the central role of data in ML-based analysis, data relevance should be ensured, especially in situations when a deep structural change occurs, when borrowers could counterfeit certain indicators, and when agency problems arising from information asymmetry could not be resolved. To avoid digital financial exclusion and redlining, variables that trigger discrimination should not be used to assess credit rating.

Learning from Success

Author : Joe Bolger
Publisher : Asian Development Bank
Page : 148 pages
File Size : 40,8 Mb
Release : 2008-12-01
Category : Business & Economics
ISBN : 9789292571979

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Learning from Success by Joe Bolger Pdf

The study contains analyses and recommendations on the approaches to capacity development that work best and the conditions that have been conducive to their success, the unique challenges faced by Pacific developing member countries in addressing capacity constraints, and the implications for future interventions at both the strategic and operational levels.

IMF Survey

Author : International Monetary Fund. External Relations Dept.
Publisher : International Monetary Fund
Page : 458 pages
File Size : 54,6 Mb
Release : 1997-01-01
Category : Business & Economics
ISBN : 9781451937503

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IMF Survey by International Monetary Fund. External Relations Dept. Pdf

The Web edition of the IMF Survey is updated several times a week, and contains a wealth of articles about topical policy and economic issues in the news. Access the latest IMF research, read interviews, and listen to podcasts given by top IMF economists on important issues in the global economy. www.imf.org/external/pubs/ft/survey/so/home.aspx