Progress Report To The International Monetary And Financial Committee On The Activities Of The Independent Evaluation Office Of The Imf

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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 : 42,8 Mb
Release : 2017-04-14
Category : Business & Economics
ISBN : 9781498346993

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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 report describes recent follow-up on past Independent Evaluation Office (IEO) evaluations, summarizes the update of the 2006 evaluation of multilateral surveillance, and outlines the ongoing evaluations. It raises the concern that progress in implementing Board-endorsed IEO recommendations has been quite mixed, suggesting the need for further consideration to reinforcing the follow-up process.

Progress Report on the Activities of the Independent Evaluation Office

International Monetary Fund
Progress Report on the Activities of the Independent Evaluation Office Book PDF

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 3 pages
File Size : 51,6 Mb
Release : 2015-04-16
Category : Business & Economics
ISBN : 9781498344661

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Progress Report on the Activities of the Independent Evaluation Office by International Monetary Fund Pdf

This progress report presents key conclusions and recommendations from an IEO evaluation of the IMF’s response to the global financial and economic crisis and an update of the IEO evaluation of the IMF’s approach to capital account liberalization, both issued since October 2014. It also describes ongoing IEO activities.

Progress Report to the IMFC on the Activities of the Independent Evaluation Office of the IMF

International Monetary Fund
Progress Report to the IMFC 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 : 42,7 Mb
Release : 2018-10-13
Category : Business & Economics
ISBN : 9781498310291

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

Over the past six months, a key theme has been ensuring strong follow-up to IEO evaluations, a priority stressed by the recently competed External Evaluation of the IEO. Of particular note, the Managing Director has issued a statement highlighting actions planned to strengthen the IMF’s engagement with fragile states following our recent evaluation, and this statement is being presented to the IMFC for endorsement. In addition, the IEO has completed two updates of past evaluations, advanced work on two ongoing evaluations (on IMF financial surveillance and on IMF advice related to unconventional monetary policies), and is now considering its future work program in light of the External Evaluation.

Progress Report to The IMFC on The Activities of The Independent Evaluation Office of The IMF

International Monetary,International Monetary Fund. Independent Evaluation Office
Progress Report to The IMFC on The Activities of The Independent Evaluation Office of The IMF Book PDF

Author : International Monetary,International Monetary Fund. Independent Evaluation Office
Publisher : International Monetary Fund
Page : 2 pages
File Size : 47,7 Mb
Release : 2022-04-19
Category : Business & Economics
ISBN : 9798400209840

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Progress Report to The IMFC on The Activities of The Independent Evaluation Office of The IMF by International Monetary,International Monetary Fund. Independent Evaluation Office Pdf

Since the 2021 Annual Meetings, the IEO has made considerable progress with three ongoing evaluations, while two management implementation plans (MIPs) to follow up on recommendations from previous evaluations have been approved by the Board. In addition, to mark its twentieth birthday, the IEO organized a virtual conference to reflect on experience from its second decade and consider future challenges. We have also contributed to the ongoing work on institutional integrity at the IMF, drawing on a stocktaking of material contained in past evaluations and are considering additional work on these issues as we select two new evaluation topics later this year.

External Evaluation of the Independent Evaluation Office

International Monetary Fund
External Evaluation of the Independent Evaluation Office Book PDF

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 87 pages
File Size : 44,9 Mb
Release : 2013-08-02
Category : Business & Economics
ISBN : 9781498342353

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External Evaluation of the Independent Evaluation Office by International Monetary Fund Pdf

We have been asked by the Executive Board of the International Monetary Fund to undertake an external review of the activities of its Independent Evaluation Office (IEO). This is the second such evaluation in the IEO’s twelve year history. The first review, led by Karin Lissakers (the “Lissakers Report”), was presented to the Board in 2006. That report considered the extent to which the Office had succeeded during its first five years of operation in fulfilling its mandates and made recommendations to enhance its role within the IMF’s institutional architecture. Our report thus focuses on IEO activities since 2006. As set out in the terms of reference of our Panel (see Appendix I), the central objective of this report is to evaluate how well the IEO has met its institutional mandates. The terms of reference, while not constraining the range of issues we could consider, also asks that we “assess the IEO’s effectiveness along several dimensions, including: (i) the appropriateness of evaluation topics; (ii) the independence of the IEO; (iii) the cost-effectiveness of the IEO and its operations; and (iv) the appropriateness and adequacy of the evaluation process including, but not limited to, how IEO recommendations are endorsed by the Board and implemented.”

Progress Report to The IMFC on The Activities of The Independent Evaluation Office of The IMF

International Monetary Fund. Independent Evaluation Office
Progress Report to The IMFC on The Activities of The Independent Evaluation Office of The IMF Book PDF

Author : International Monetary Fund. Independent Evaluation Office
Publisher : International Monetary Fund
Page : 2 pages
File Size : 44,9 Mb
Release : 2023-04-13
Category : Business & Economics
ISBN : 9798400239670

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Progress Report to The IMFC on The Activities of The Independent Evaluation Office of The IMF by International Monetary Fund. Independent Evaluation Office Pdf

Since the 2022 Annual Meetings, good progress has been made in advancing evaluation work at the IMF. The IEO has completed one evaluation and commenced two new evaluations selected from a menu of possible topics previously discussed with the Executive Board. A book drawing from the IEO 20th Anniversary Conference was published in early April. The current IEO Director, Charles Collyns, completes his term in April and will be succeeded by Pablo Moreno in May.

Report of the External Evaluation of the Independent Evaluation Office

International Monetary Fund
Report of the External Evaluation of the Independent Evaluation Office Book PDF

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 92 pages
File Size : 50,6 Mb
Release : 2006-03-29
Category : Business & Economics
ISBN : 9781498332798

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Report of the External Evaluation of the Independent Evaluation Office by International Monetary Fund Pdf

The IEO of the IMF was created in 2000 to enhance the learning culture of the IMF, to build the IMF’s external credibility by undertaking objective evaluations in a transparent manner, to provide independent feedback to the Executive Board in its governance and oversight responsibilities, and to promote greater understanding of the work of the IMF among its members and the broader public. In the period October 2005-February 2006, the Evaluation Panel assessed how well the IEO meets these objectives, asking at the outset whether the IMF needs an IEO and whether the existing office is adequately independent. The Panel concludes that the IEO has served the IMF well but identifies certain weaknesses and makes recommendations to the IEO and the IMF to address them.

Independent Evaluation Office Annual Report 2017

International Monetary Fund. Independent Evaluation Office
Independent Evaluation Office Annual Report 2017 Book PDF

Author : International Monetary Fund. Independent Evaluation Office
Publisher : International Monetary Fund
Page : 16 pages
File Size : 52,9 Mb
Release : 2017-10-05
Category : Business & Economics
ISBN : 9781484317600

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Independent Evaluation Office Annual Report 2017 by International Monetary Fund. Independent Evaluation Office Pdf

This paper discusses that the Independent Evaluation Office (IEO) has also launched three new evaluations—which will analyze the IMF’s role on fragile states, its financial surveillance activities, and its advice on unconventional monetary policies—and two evaluation updates—which will look into the IMF’s exchange rate policy advice and structural conditionality. The evaluation found that, for the most part, the IMF’s euro area surveillance identified the right issues during the pre-crisis period but did not foresee the magnitude of the risks that would later become paramount. The IMF’s surveillance of the financial regulatory architecture was generally of high quality, but staff, along with most other experts, missed the buildup of banking system risks in some countries. The report found several issues with the way decision making was managed by the IMF. In May 2010, the IMF Executive Board approved a decision to provide exceptional access financing to Greece without seeking preemptive debt restructuring, even though its sovereign debt was not deemed sustainable with a high probability.

IEO Evaluation Report

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

Author : International Monetary Fund. Independent Evaluation Office
Publisher : International Monetary Fund
Page : 20 pages
File Size : 55,5 Mb
Release : 2017-10-05
Category : Business & Economics
ISBN : 9781484313800

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

This paper analyzes that the IMF has moved beyond its traditional fiscal-centric approach to recognize that social protection can also be macro-critical for broader reasons including social and political stability concerns. Evaluating the IMF’s involvement in social protection is complicated by the fact that there is no standard definition of social protection or of broader/overlapping terms such as social spending and social safeguards in (or outside) the IMF. In this evaluation, social protection is understood to include policies that provide benefits to vulnerable individuals or households. This evaluation found widespread IMF involvement in social protection across countries although the extent of engagement varied. In some cases, engagement was relatively deep, spanning different activities (bilateral surveillance, technical assistance, and/or programs) and involving detailed analysis of distributional impacts, discussion of policy options, active advocacy of social protection, and integration of social protection measures in program design and/or conditionality. This cross-country variation to some degree reflected an appropriate response to country-specific factors, in particular an assessment of whether social protection policy was macrocritical, and the availability of expertise from development partners or in the country itself.

Progress Report on the Activities of the Independent Evaluation Office

International Monetary Fund. Strategy, Policy, & Review Department,International Monetary Fund. Legal Dept.
Progress Report on the Activities of the Independent Evaluation Office Book PDF

Author : International Monetary Fund. Strategy, Policy, & Review Department,International Monetary Fund. Legal Dept.
Publisher : International Monetary Fund
Page : 4 pages
File Size : 48,6 Mb
Release : 2010-06-15
Category : Business & Economics
ISBN : 9781498337410

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Progress Report on the Activities of the Independent Evaluation Office by International Monetary Fund. Strategy, Policy, & Review Department,International Monetary Fund. Legal Dept. Pdf

This paper examines the performance of emerging market economies (EMs) during the recent global crisis and draws policy conclusions. It considers how EMs were affected by the initial impact of the crisis, examines the extent to which they were able to undertake countercyclical policies to moderate the impact, and highlights factors that have influenced the pace and timing of their recovery. Finally, it considers policy challenges facing EMs as the crisis subsides. This paper sheds light on the role of reserves in crises, and provides contextual background for work on the future financing role of the IMF.

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 : 44,7 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.

High Level Status Report to the IEO Evaluation of Fund's Recurring Issues

International Monetary Fund. Strategy, Policy, & Review Department
High Level Status Report to the IEO Evaluation of Fund s Recurring Issues Book PDF

Author : International Monetary Fund. Strategy, Policy, & Review Department
Publisher : International Monetary Fund
Page : 21 pages
File Size : 49,7 Mb
Release : 2017-03-27
Category : Business & Economics
ISBN : 9781498347044

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High Level Status Report to the IEO Evaluation of Fund's Recurring Issues by International Monetary Fund. Strategy, Policy, & Review Department Pdf

This is a high-level report on progress in addressing recurring issues identified by the Independent Evaluation Office (IEO). The Board endorsed the proposal in the Chairman’s Summing Up for the Independent Evaluation Office Report on Recurring Issues from a Decade of Evaluation – Lessons for the IMF (BUFF/14/58, 6/11/14) that staff prepare a separate high-level report on the status of initiatives that address the recurring issues identified by the IEO, noting that the first staff report could be prepared within two years, followed by similar reports every five years thereafter. The September 2015 Management Implementation Plan set out the actions management would take to follow-up on the Board-endorsed recommendation. The IEO’s 2014 evaluation of Recurring Issues from a Decade of Evaluation: Lessons for the IMF identified five recurring issues: a) Executive Board guidance and oversight; b) Organizational silos; c) Attention to risks and uncertainty; d) Country and institutional context; and e) Evenhandedness. This high-level report provides a broad account of actions taken to address these recurring issues since the publication of the 2014 IEO report; it is not intended as an exhaustive account of initiatives undertaken. Takeaways. The report concludes that the Fund has made progress in addressing the recurring issues identified by the IEO, and acknowledges the need for taking actions on an ongoing basis to achieve the related objectives. The discussion of the Management Implementation Plan (MIP) left open the question of whether subsequent reports should be prepared, perhaps every five years. The Evaluation Committee concluded that the forthcoming external evaluation of the IEO could look at the monitoring mechanisms more holistically, to provide further input into considering whether or not to continue the preparation every five years of this high-level report.

Behind the Scenes with Data at the IMF

International Monetary Fund. Independent Evaluation Office
Behind the Scenes with Data at the IMF Book PDF

Author : International Monetary Fund. Independent Evaluation Office
Publisher : International Monetary Fund
Page : 80 pages
File Size : 45,5 Mb
Release : 2016-04-16
Category : Computers
ISBN : 9781498385985

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Behind the Scenes with Data at the IMF by International Monetary Fund. Independent Evaluation Office Pdf

This report examines whether the IMF has effectively leveraged an important asset: data. It finds that in general, the IMF has been able to rely on a large amount of data of acceptable quality, and that data provision from member countries has improved markedly over time. Nonetheless, problems with data or data practices have, at times, adversely affected the IMF’s surveillance and lending activities. The roots of data problems are diverse, ranging from problems due to member countries’ capacity constraints or reluctance to share sensitive data to internal issues such as lack of appropriate staff incentives, institutional rigidities, and long-standing work practices. Efforts to tackle these problems are piecemeal, the report finds, without a clear comprehensive strategy that recognizes data as an institutional strategic asset, not just a consumption good for economists. The report makes a number of recommendations that could promote greater progress in this regard.

Progress Report to The IMFC On the Activities Of The Independent Evaluation Office Of The IMF

International Monetary Fund. Independent Evaluation Office
Progress Report to The IMFC On the Activities Of The Independent Evaluation Office Of The IMF Book PDF

Author : International Monetary Fund. Independent Evaluation Office
Publisher : INTERNATIONAL MONETARY FUND
Page : 128 pages
File Size : 44,8 Mb
Release : 2020-10-14
Category : Business & Economics
ISBN : 1513559060

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Progress Report to The IMFC On the Activities Of The Independent Evaluation Office Of The IMF by International Monetary Fund. Independent Evaluation Office Pdf

The IEO is advancing its work program while adapting to the challenges from the COVID-19 pandemic. While evaluation is not part of the frontline response that has dominated IMF activity over the past six months, independent evaluation remains a key function for learning from experience and drawing lessons for the Fund as it focuses on meeting members’ urgent and evolving needs. Since April, IEO engagement with the Executive Board has resumed, including formal discussion of the recently completed evaluation of IMF Advice on Capital Flows and an informal seminar on Bank-Fund collaboration on climate issues. Work continues on evaluations of adjustment and growth in IMF-supported programs and IMF engagement with small states, and a new evaluation is being launched on IMF capacity development.

Independent Evaluation Office, Annual Report 2003

International Monetary Fund. Independent Evaluation Office
Independent Evaluation Office Annual Report 2003 Book PDF

Author : International Monetary Fund. Independent Evaluation Office
Publisher : International Monetary Fund
Page : 60 pages
File Size : 43,8 Mb
Release : 2003-12-17
Category : Business & Economics
ISBN : 1589063198

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Independent Evaluation Office, Annual Report 2003 by International Monetary Fund. Independent Evaluation Office Pdf

This first Annual Report describes the activities of the IEO through the first full year of operation. The report provides a summary of the main findings and recommendations of the first three evaluation projects on the prolonged use of IMF resources, the role of the IMF in recent capital account crises, and the role of fiscal adjustment in IMF-supported programs. It also indicates the status of ongoing evaluation projects, and discusses several common themes emerging from the IEO’s evaluations.