Implementation Plan In Response To The Board Endorsed Recommendations For The Ieo Evaluation Report Of Imf Response To The Financial And Economic Crisis

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Implementation Plan in Response to the Board-Endorsed Recommendations for the IEO Evaluation Report of IMF Response to the Financial and Economic Crisis

International Monetary Fund
Implementation Plan in Response to the Board Endorsed Recommendations for the IEO Evaluation Report of IMF Response to the Financial and Economic Crisis Book PDF

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 12 pages
File Size : 46,7 Mb
Release : 2015-07-12
Category : Business & Economics
ISBN : 9781498343947

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Implementation Plan in Response to the Board-Endorsed Recommendations for the IEO Evaluation Report of IMF Response to the Financial and Economic Crisis by International Monetary Fund Pdf

This paper sets out Management’s response to the Independent Evaluation Office’s (IEO) evaluation of IMF Response to the Financial and Economic Crisis. The implementation plan proposes specific actions focusing on the three of the four recommendations that received broad support from the Executive Board, namely (i) ensuring that the IMF as a quota-based institution has sufficient resources to contribute to future crisis resolution; (ii) developing guidelines for structuring engagements with other organizations, and (iii) consolidating and simplifying the current framework to identify and assess risks and vulnerabilities. Some of the proposed actions to address the Board-endorsed IEO recommendations are underway as part of the 2014 Triennial Surveillance Report (TSR) Action Plan, the FY2016–18 Medium-Term Budget and the ongoing efforts to ratify the 2010 Quota and Governance Reforms. The paper also explains how implementation will be monitored.

Implementation Plan in Response to Board-Endorsed Recommendations for the IEO Evaluation of Research at the IMF--Relevance and Utilization

International Monetary Fund. Strategy, Policy, & Review Department,International Monetary Fund. Research Dept.
Implementation Plan in Response to Board Endorsed Recommendations for the IEO Evaluation of Research at the IMF Relevance and Utilization Book PDF

Author : International Monetary Fund. Strategy, Policy, & Review Department,International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 10 pages
File Size : 46,9 Mb
Release : 2012-10-23
Category : Business & Economics
ISBN : 9781498339698

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Implementation Plan in Response to Board-Endorsed Recommendations for the IEO Evaluation of Research at the IMF--Relevance and Utilization by International Monetary Fund. Strategy, Policy, & Review Department,International Monetary Fund. Research Dept. Pdf

This paper presents a forward-looking implementation plan for the above-cited Independent Evaluation Office (IEO) report. During the Board discussion, Executive Directors noted that the report “provides a balanced assessment of the quality, relevance, management, and utilization of IMF research” and “were particularly encouraged by the overall finding that a large number of IMF analytical papers are of high quality, widely read, and appreciated by country authorities and the research community.” At the same time, they noted the finding that “IMF research is of uneven quality and perceived to be message driven.” Directors therefore saw scope for “enhancing the relevance and technical quality of the analytical work, openness to alternative points of view, and coordination of research activities across the institution.”

Seventh Periodic Monitoring Report on the Status of Implementation Plans in Response to Board-Endorsed IEO Recommendations

International Monetary Fund
Seventh Periodic Monitoring Report on the Status of Implementation Plans in Response to Board Endorsed IEO Recommendations Book PDF

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 59 pages
File Size : 53,6 Mb
Release : 2015-04-09
Category : Business & Economics
ISBN : 9781498344234

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Seventh Periodic Monitoring Report on the Status of Implementation Plans in Response to Board-Endorsed IEO Recommendations by International Monetary Fund Pdf

The Seventh PMR includes: (i) a discussion of progress made over the last year on the actions corresponding to four Management Implementation Plans (MIPs) that were classified as still “in progress” in the previous PMR; and (ii) an assessment of the progress made in achieving the high-level objectives in three areas directly related to those MIPs. In addition, an update on substantive issues related to five older MIPs agreed since 2007 is provided at the end of the report. Three new evaluations have been completed by the IEO since March 2014. In July and August 2015, Management issued the MIPs in response to these evaluations. Given that only a short time has passed since their completion, progress in addressing the actions contemplated in those MIPs will be discussed in the next PMR.

Eighth Periodic Monitoring Report on the Status of Implementation Plans in Response to Board-Endorsed IEO Recommendations

International Monetary Fund
Eighth Periodic Monitoring Report on the Status of Implementation Plans in Response to Board Endorsed IEO Recommendations Book PDF

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 34 pages
File Size : 41,5 Mb
Release : 2017-06-23
Category : Business & Economics
ISBN : 9781498346702

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Eighth Periodic Monitoring Report on the Status of Implementation Plans in Response to Board-Endorsed IEO Recommendations by International Monetary Fund Pdf

Monitoring Report (PMR) on the Status of Management Implementation Plans (MIPs) in Response to Board-Endorsed IEO Recommendations assesses the progress made over the last year on actions contained in the four MIPs arising from recent IEO evaluations, and another four for which individual management actions were classified as still “in progress” in the Seventh PMR. Overall, 34 of the 77 actions included in the eight MIPs covered in this PMR remain open. Progress on the actions envisaged in the management implementation plans has been somewhat uneven, with more progress being made on the most recent MIPs. Of the 19 actions that have been implemented over the past year, only three relate to the older management actions. Many of the older actions are more broadly worded, and in many instances have no clear timetable. The actions that are progressing more slowly also tend to involve fundamental changes to institutional culture and practices, and therefore require a continuous, long-term effort. In spite of the slower progress on the older actions, significant advances have been made in several key areas. These include: Fund-wide risk analysis and management; the mainstreaming of macro financial surveillance; training on financial sector topics and macro forecasting; acknowledgement, discussion, and dissemination of information on IMF forecasts; the shift towards increasing reliance on quota resources, relative to borrowing; and the approval of the new Statement of Principles and Best Practices in Self-Evaluation. In addition, the 2015 Staff Survey showed significant improvements in several indicators related to the Fund’s internal culture and institutional values. Overall, management and staff appear committed to ensuring that open actions remain on track. Progress on all open actions will be assessed in future PMRs.

Ninth Periodic Monitoring Report on the Status of Implementation Plans in Response to Board-Endorsed IEO Recommendations

International Monetary Fund. Finance Dept.
Ninth Periodic Monitoring Report on the Status of Implementation Plans in Response to Board Endorsed IEO Recommendations Book PDF

Author : International Monetary Fund. Finance Dept.
Publisher : International Monetary Fund
Page : 58 pages
File Size : 42,6 Mb
Release : 2018-10-26
Category : Business & Economics
ISBN : 9781498310390

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Ninth Periodic Monitoring Report on the Status of Implementation Plans in Response to Board-Endorsed IEO Recommendations by International Monetary Fund. Finance Dept. Pdf

"The Ninth Periodic Monitoring Report (PMR) on the Status of Management Implementation Plans (MIPs) in Response to Board-Endorsed Independent Evaluation Office (IEO) Recommendations assesses the progress made over the last year on actions contained in two “new” MIPs arising from recent IEO evaluations, and another seven for which individual management actions were classified as “open” in the Eighth PMR. Overall, 42 of the 96 actions included in the Ninth PMR remain open, representing roughly the same proportion as the previous PMR. A 25 percent net increase in open management actions over the past year is accounted for by 24 new actions from two MIPs, and 16 actions that have been implemented over the period. There is positive traction on the last four MIPs, but older actions appear challenging to implement. Better progress has been made with the implementation of the actions contained in recent MIPs. Fourteen of the actions implemented since the Eighth PMR relate to MIPs approved after October 2015, while only two actions (out of 24) from earlier MIPs were implemented. Improvements in the follow-up process approved by the Board in October 2015 have contributed to speedier implementation of recent actions, but some challenges remain. There are lingering challenges with defining measures of success for numerous actions, but accountabilities are now clearer and many actions are at advanced stages at the time of the Board’s discussion of the MIPs. This PMR introduces indicators to support the process for resolving challenges with long-standing actions. Despite the slower progress with the older actions, significant advances have been made over the past year in several key areas. These include: protocols for engaging the IEO; risk management and analysis; the mainstreaming of macrofinancial surveillance; an overarching strategy on data and statistics; guidance on cooperation with other organizations, including Regional Financing Arrangements (RFAs); improvements in External Stability Assessments; and ongoing analytical work on surveillance and program, including macrostructural issues, emerging topics, and debt sustainability analysis. On the other hand, progress has been slower on macro forecasting, outward spillovers, and cross-country knowledge sharing."

Implementation Plan in Response to The Executive Board-Endorsed Recommendations From The IEO Evaluation on The IMF’s Pandemic Response

International Monetary Fund. Strategy, Policy, & Review Department
Implementation Plan in Response to The Executive Board Endorsed Recommendations From The IEO Evaluation on The IMF s Pandemic Response Book PDF

Author : International Monetary Fund. Strategy, Policy, & Review Department
Publisher : International Monetary Fund
Page : 21 pages
File Size : 53,7 Mb
Release : 2023-10-30
Category : Business & Economics
ISBN : 9798400259173

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Implementation Plan in Response to The Executive Board-Endorsed Recommendations From The IEO Evaluation on The IMF’s Pandemic Response by International Monetary Fund. Strategy, Policy, & Review Department Pdf

The Management Implementation Plan (MIP) proposes actions in response to the Board-endorsed recommendations provided by the Independent Evaluation Office (IEO)’s report on the IMF’s early response to the COVID pandemic. The two IEO recommendations aim for the Fund to (i) Develop special policies and procedures that could be quickly activated to address particular needs and circumstances of global crises and (ii) Take steps to reinforce the Fund’s institutional preparedness to deal with global crises and other large shocks. The MIP highlights how existing workstreams will be used to address part of the recommendations, specifically: (i) Drawing the lessons from the use of precautionary lending instruments during the pandemic and using them in the ongoing review of these facilities; (ii) Drawing the lessons from the implementation of governance safeguards in the context of covid-related emergency financing and respond to the actions identified in the final stocktaking; and (iii) Reviewing financial implications of covid-related lending on Poverty Reduction and Growth Trust (PRGT) resources in the regular updates on PRGT financing and resources. The MIP also defines new actions that aim to enhance the Fund’s preparedness to face future crises and are slated to be implemented by the end of FY25. These consists in: (i) Developing a crisis playbook, which will further codify Management’s commitment to an early participatory consultation with the Board in the event of a global crisis and inform the engagement with the Board on the broad strategy and institutional priorities for responding to the crisis; (ii) Enhancing the process of staff reallocation during a crisis through expanding the staff Talent Inventory to include skills and experience relevant in crises and examining HRD’s coordinating role in staff reallocation, as well as reviewing how recruitment processes could be made more agile in a crisis; (iii) Developing a strategy for surge capacity of the Crisis Management Team; (iv) Reviewing the experience of pandemic-related lending to low-income countries to consider the adequacy of access norms and the possible need for enhancements of the low-income lending toolkit against the long-term financial sustainability of the PRGT; and (v) Exploring ways to further strengthen the coordination with partners, especially the World Bank.

IEO Annual Report 2015

International Monetary Fund. Independent Evaluation Office
IEO Annual Report 2015 Book PDF

Author : International Monetary Fund. Independent Evaluation Office
Publisher : International Monetary Fund
Page : 20 pages
File Size : 46,9 Mb
Release : 2015-09-30
Category : Business & Economics
ISBN : 9781513564098

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IEO Annual Report 2015 by International Monetary Fund. Independent Evaluation Office Pdf

The twelfth Annual Report of the Independent Evaluation Office (IEO) describes activities during financial year 2015 (May 1, 2014–April 30, 2015). During the financial year, the IEO completed an evaluation of the IMF response to the global financial and economic crisis. It also issued two reports updating three past evaluations: The IMF’s Approach to Capital Account Liberalization: Revisiting the 2005 IEO Evaluation; and Revisiting the IEO Evaluations of the IMF’s Role in Poverty Reduction Strategy Papers (PRSP) and the Poverty Reduction and Growth Facility (PRGF) (2004) and the IEO Evaluation of IMF and Aid to Sub-Saharan Africa (2007). In addition, the Executive Board discussed the IEO evaluation of Recurring Issues from a Decade of Evaluation: Lessons for the IMF, which was issued to the Board in FY2014. The paper reports on the IEO budget and outreach efforts in the financial year. This paper also summarizes the evaluations on Recurring Issues and the IMF Response to the Financial and Economic Crisis, the Board discussions of these evaluations, and the two updates of past evaluations. It also discusses follow-up on IEO evaluations and addresses ongoing evaluations and the IEO work program going forward. A table lists the IEO evaluations and evaluation updates completed or in progress.

Progress Report to the International Monetary and Financial Committee on the Activities of the Independent Evaluation Office of the IMF

International Monetary Fund
Progress Report to the International Monetary and Financial Committee on the Activities of the Independent Evaluation Office of the IMF Book PDF

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 3 pages
File Size : 53,7 Mb
Release : 2016-04-04
Category : Business & Economics
ISBN : 9781498345781

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Progress Report to the International Monetary and Financial Committee on the Activities of the Independent Evaluation Office of the IMF by International Monetary Fund Pdf

This progress report presents the key conclusions and recommendations of the IEO evaluation of data and statistics at the IMF that was discussed by the Executive Board on March 17, 2016. It also summarizes the IMF's plan, approved by the Board in December 2015, for implementing the recommendations from the IEO evaluation of the IMF Response to the Financial and Economic Crisis and describes the IEO’s ongoing work.

Tenth Periodic Monitoring Report On The Status Of Management Implementation Plans In Response To Board-Endorsed IEO Recommendations

International Monetary Fund
Tenth Periodic Monitoring Report On The Status Of Management Implementation Plans In Response To Board Endorsed IEO Recommendations Book PDF

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 56 pages
File Size : 52,7 Mb
Release : 2020-03-04
Category : Business & Economics
ISBN : 9781513536194

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Tenth Periodic Monitoring Report On The Status Of Management Implementation Plans In Response To Board-Endorsed IEO Recommendations by International Monetary Fund Pdf

The Tenth Periodic Monitoring Report (PMR) on the Status of Management Implementation Plans (MIPs) in Response to Board-Endorsed Independent Evaluation Office (IEO) Recommendations assesses the progress made over the last year on actions contained in 10 MIPs with open management actions.

Eleventh Periodic Monitoring Report on The Status of Management Implementation Plans In Response To Board-Endorsed IEO Recommendations

International Monetary,International Monetary Fund. Office of Internal Audit
Eleventh Periodic Monitoring Report on The Status of Management Implementation Plans In Response To Board Endorsed IEO Recommendations Book PDF

Author : International Monetary,International Monetary Fund. Office of Internal Audit
Publisher : International Monetary Fund
Page : 80 pages
File Size : 52,8 Mb
Release : 2021-11-30
Category : Business & Economics
ISBN : 9781616356187

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Eleventh Periodic Monitoring Report on The Status of Management Implementation Plans In Response To Board-Endorsed IEO Recommendations by International Monetary,International Monetary Fund. Office of Internal Audit Pdf

The Eleventh Periodic Monitoring Report (PMR) on the Status of Management Implementation Plans (MIPs) in Response to Board-Endorsed Independent Evaluation Office (IEO) Recommendations assessed the progress made over the past 18 months on 72 actions contained in 10 MIPs. Significant progress has been made with the implementation of management actions, despite challenges that have arisen from the ongoing COVID-19 pandemic. Overall, 29 of the 72 actions for which implementation progress is assessed in the Eleventh PMR were deemed to have been satisfactorily implemented, while 35 remain open, and eight actions are being reformulated in line with the Board-approved triage framework for long-standing open actions. Despite the effect of reprioritization to make space for the urgent needs of the membership resulting from the pandemic, the pace of implementation observed in the Eleventh PMR, with the 29 actions closed, significantly exceeds the previous trend of about 15 implemented actions per year. Of the 35 open actions, 16 are more than one year past their implementation due dates. The reprioritization of activities owing to the COVID-19 pandemic and resource constraints on account of several years of flat budgets led to delays in the implementation of several actions, partly because of the postponement of important reviews.

Fourth Periodic Monitoring Report on the Status of Implementation Plans in Response to Board-Endorsed IEO Recommendations - Assessment by the Evaluation Committee to the Executive Board

International Monetary Fund
Fourth Periodic Monitoring Report on the Status of Implementation Plans in Response to Board Endorsed IEO Recommendations Assessment by the Evaluation Committee to the Executive Board Book PDF

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 4 pages
File Size : 46,8 Mb
Release : 2011-07-29
Category : Business & Economics
ISBN : 9781498338646

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Fourth Periodic Monitoring Report on the Status of Implementation Plans in Response to Board-Endorsed IEO Recommendations - Assessment by the Evaluation Committee to the Executive Board by International Monetary Fund Pdf

The Executive Board agreed in January 2008 to refer future Periodic Monitoring Reports (PMRs) to the Evaluation Committee (EVC) for initial consideration and review before reporting to the full Board. It was expected that, although a Board discussion could not be ruled out, in most cases the EVC discussion would replace a Board discussion. This procedure, which was intended to make better use of Board Committees and more efficient use of Board time, was applied to the consideration of the previous PMRs and has been followed for the Fourth PMR.

Categorization Of Open Actions In Management Implementation Plans

International Monetary Fund. Strategy, Policy, & Review Department
Categorization Of Open Actions In Management Implementation Plans Book PDF

Author : International Monetary Fund. Strategy, Policy, & Review Department
Publisher : International Monetary Fund
Page : 43 pages
File Size : 44,9 Mb
Release : 2020-03-04
Category : Social Science
ISBN : 9781513536217

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Categorization Of Open Actions In Management Implementation Plans by International Monetary Fund. Strategy, Policy, & Review Department Pdf

This paper undertakes a triage of the backlog of open actions in Management Implementation Plans (MIPs) responding to recommendations by the Independent Evaluation Office (IEO), based on the Framework endorsed by the Board in March 2019.

Recurring Issues from a Decade of Evaluation

International Monetary Fund. Independent Evaluation Office
Recurring Issues from a Decade of Evaluation Book PDF

Author : International Monetary Fund. Independent Evaluation Office
Publisher : International Monetary Fund
Page : 61 pages
File Size : 52,7 Mb
Release : 2014-08-21
Category : Business & Economics
ISBN : 9781484376850

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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.

International Monetary Fund Annual Report 2016

International Monetary Fund
International Monetary Fund Annual Report 2016 Book PDF

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 130 pages
File Size : 52,6 Mb
Release : 2016-09-26
Category : Business & Economics
ISBN : 9781513565637

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International Monetary Fund Annual Report 2016 by International Monetary Fund Pdf

The year was marked by difficult challenges and milestone achievements. To reinvigorate modest growth at a time of uncertainty about a complicated global economy, the IMF membership endorsed a three-pronged approach of monetary, fiscal, and structural policies to get the world economy back on a stronger and safer growth track. Highlights of the IMF’s work during the year included entry into effect of its quota and governance reforms approved in 2010, which increase the Fund’s core resources and make it more representative of the membership; commitments for increased financial support, policy advice, expertise, and training to help low-income developing countries achieve the U.N. Sustainable Development Goals; analysis of the international monetary system; inclusion of the Chinese currency in the basket of currencies that make up the Special Drawing Right; and policy advice on the economic repercussions of mass migration of refugees from Syria and other conflict-afflicted states. The IMF Annual Report, which covers the period May 1, 2015 to April 30, 2016, discusses all of these issues, plus a wide range of policy matters that the Executive Board addressed during the year.

Fifth Periodic Monitoring Report on the Status of Implementation Plans in Response to Board-Endorsed IEO Recommendations

International Monetary Fund. Strategy, Policy, & Review Department
Fifth Periodic Monitoring Report on the Status of Implementation Plans in Response to Board Endorsed IEO Recommendations Book PDF

Author : International Monetary Fund. Strategy, Policy, & Review Department
Publisher : International Monetary Fund
Page : 49 pages
File Size : 53,6 Mb
Release : 2012-09-24
Category : Business & Economics
ISBN : 9781498339834

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Fifth Periodic Monitoring Report on the Status of Implementation Plans in Response to Board-Endorsed IEO Recommendations by International Monetary Fund. Strategy, Policy, & Review Department Pdf

Periodic Monitoring Reports update the status on Management Implementation Plans (MIPs) in response to Executive Board-endorsed IEO recommendations. The last Periodic Monitoring Report (PMR) was discussed by the Board Evaluation Committee (EVC) and then agreed by the Board in August 2011. That report concluded that all key performance benchmarks related to the MIPs covered in that report had either been met or were on track for timely completion, that no new remedial actions were proposed, and that there were no outstanding performance benchmarks to be reviewed in the next PMR. In their assessment to the Executive Board, the EVC did, however, note that further work was needed on three other issues—staff mobility, enhanced coverage of previous implementation plans, and the process for following up on IEO recommendations. This fifth report therefore updates work on these three issues, including a consolidated picture of recent progress on all Board-endorsed recommendations made since the first PMR in 2007. This PMR also presents progress on the Implementation Plan in response to Board-endorsed recommendations arising from the IEO Evaluation of IMF Interactions with Member Countries (hereafter, Interactions Evaluation).