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Progress Report To The Imfc On The Activities Of The Independent Evaluation Office Of The Imf
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Book Synopsis Progress Report to the IMFC on the Activities of the Independent Evaluation Office of the IMF by : International Monetary Fund
Download or read book Progress Report to the IMFC on the Activities of the Independent Evaluation Office of the IMF written by International Monetary Fund and published by International Monetary Fund. This book was released on 2018-10-13 with total page 3 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Progress Report to The IMFC on The Activities of The Independent Evaluation Office of The IMF by : International Monetary
Download or read book Progress Report to The IMFC on The Activities of The Independent Evaluation Office of The IMF written by International Monetary and published by International Monetary Fund. This book was released on 2022-04-19 with total page 2 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Progress Report to The IMFC On the Activities Of The Independent Evaluation Office Of The IMF by : International Monetary Fund. Independent Evaluation Office
Download or read book Progress Report to The IMFC On the Activities Of The Independent Evaluation Office Of The IMF written by International Monetary Fund. Independent Evaluation Office and published by International Monetary Fund. This book was released on 2020-04-15 with total page 2 pages. Available in PDF, EPUB and Kindle. Book excerpt: Like everyone else, the IEO is now adapting to new realities in the wake of the coronavirus pandemic. During the five months after the 2019 Annual Meetings, the IEO completed two reports, continued work on two ongoing evaluations, and launched one new evaluation. The IMF also made good progress in following up on past IEO evaluations, including completion of a triage exercise aimed at dealing with the backlog of off-track actions. Unfortunately, IEO work plans are now being affected by the current crisis, as the Fund’s work is necessarily dominated by the challenge of meeting members’ urgent needs. Planned IEO engagement with the Board has been delayed and the schedule for ongoing and new evaluations has to be extended. Nevertheless, the IEO will continue to advance its work program as best it can within the new constraints.
Book Synopsis Progress Report to The IMFC on The Activities of The Independent Evaluation Office of The IMF by : International Monetary Fund. Independent Evaluation Office
Download or read book Progress Report to The IMFC on The Activities of The Independent Evaluation Office of The IMF written by International Monetary Fund. Independent Evaluation Office and published by International Monetary Fund. This book was released on 2024-04-19 with total page 2 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the 2023 Annual Meetings, the IEO has continued making progress on the two ongoing evaluations and will launch a new evaluation—on IMF Advice on Fiscal Policy—targeted for completion in the second half of 2025. The IEO has collaborated with staff on the 13th Periodic Monitoring Report (PMR) and the management implementation plans (MIPs) that follow up on the Board-endorsed recommendations of the completed evaluations of The IMF and Capacity Development and The IMF’s Emergency Response to the COVID-19 Pandemic. The external evaluation of the IEO is expected to be completed by mid-2024.
Book Synopsis Progress Report on the Activities of the Independent Evaluation Office by : International Monetary Fund
Download or read book Progress Report on the Activities of the Independent Evaluation Office written by International Monetary Fund and published by International Monetary Fund. This book was released on 2015-04-16 with total page 3 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Progress Report to The IMFC on The Activities of The Independent Evaluation Office of The IMF by : International Monetary Fund. Independent Evaluation Office
Download or read book Progress Report to The IMFC on The Activities of The Independent Evaluation Office of The IMF written by International Monetary Fund. Independent Evaluation Office and published by International Monetary Fund. This book was released on 2023-04-13 with total page 2 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Progress Report to The IMFC On the Activities Of The Independent Evaluation Office Of The IMF by : International Monetary Fund. Independent Evaluation Office
Download or read book Progress Report to The IMFC On the Activities Of The Independent Evaluation Office Of The IMF written by International Monetary Fund. Independent Evaluation Office and published by INTERNATIONAL MONETARY FUND. This book was released on 2020-10-14 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Progress Report to the International Monetary and Financial Committee on the Activities of the Independent Evaluation Office of the IMF by : International Monetary Fund
Download or read book Progress Report to the International Monetary and Financial Committee on the Activities of the Independent Evaluation Office of the IMF written by International Monetary Fund and published by International Monetary Fund. This book was released on 2016-04-04 with total page 3 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Progress Report to the IMFC on the Activities of the Independent Evaluation Office of the IMF by : International Monetary Fund
Download or read book Progress Report to the IMFC on the Activities of the Independent Evaluation Office of the IMF written by International Monetary Fund and published by International Monetary Fund. This book was released on 2018-04-19 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the October 2017 report to the IMFC, the IEO has completed an evaluation of the IMF’s work in fragile states and an update of its 2007 evaluation of IMF exchange rate policy advice. The office continued work on two evaluations, on IMF financial surveillance and on IMF advice on unconventional monetary policies, as well as an update of the 2008 evaluation of structural conditionality. It also launched an update of IEO’s 2008 Evaluation of IMF Governance. The IEO welcomes recent steps taken by the IMF to follow through on Board-endorsed recommendations of its 2016–17 evaluations.
Author :International Monetary Fund. Strategy, Policy, & Review Department Publisher :International Monetary Fund ISBN 13 :1498337414 Total Pages :4 pages Book Rating :4.4/5 (983 download)
Book Synopsis Progress Report on the Activities of the Independent Evaluation Office by : International Monetary Fund. Strategy, Policy, & Review Department
Download or read book Progress Report on the Activities of the Independent Evaluation Office written by International Monetary Fund. Strategy, Policy, & Review Department and published by International Monetary Fund. This book was released on 2010-06-15 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis External Evaluation of the Independent Evaluation Office by : International Monetary Fund
Download or read book External Evaluation of the Independent Evaluation Office written by International Monetary Fund and published by International Monetary Fund. This book was released on 2013-08-02 with total page 87 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.”
Book Synopsis Report of the External Evaluation of the Independent Evaluation Office by : International Monetary Fund
Download or read book Report of the External Evaluation of the Independent Evaluation Office written by International Monetary Fund and published by International Monetary Fund. This book was released on 2006-03-29 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Governance of the IMF by : International Monetary Fund. Independent Evaluation Office
Download or read book Governance of the IMF written by International Monetary Fund. Independent Evaluation Office and published by International Monetary Fund. This book was released on 2018-11-07 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2008, the IEO undertook an evaluation on the IMF governance and concluded that effectiveness had been the strongest aspect of IMF governance, while accountability and voice had been the weakest. Since then, IMF governance has been strengthened aided by quota and voice reforms to address misalignments in shares and chairs as well as numerous improvements in governance procedures and practices. The update finds that IMF governance has proven its effectiveness in supporting the Fund to fulfill its mandates, but concerns remain on voice and accountability. Challenges remain related to representation and voice, interaction between governance bodies, the selection process for management, and the role of the G20 in IMF governance. Addressing these challenges will take time and may be subject to difficult tradeoffs between governance objectives such as preserving effectiveness while ensuring appropriate representation.
Author :International Monetary Fund. Strategy, Policy, & Review Department Publisher :International Monetary Fund ISBN 13 :1498310036 Total Pages :18 pages Book Rating :4.4/5 (983 download)
Book Synopsis Implementation Plan in Response to the Board-Endorsed Recommendations for the IEO Evaluation Report—"The IMF and Fragile States" by : International Monetary Fund. Strategy, Policy, & Review Department
Download or read book Implementation Plan in Response to the Board-Endorsed Recommendations for the IEO Evaluation Report—"The IMF and Fragile States" written by International Monetary Fund. Strategy, Policy, & Review Department and published by International Monetary Fund. This book was released on 2018-10-04 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This management implementation plan (MIP) proposes actions to advance the Board-endorsed recommendations of the IEO evaluation “The IMF and Fragile States.” The actions outlined below would have resource implications. While some can be covered by reallocating resources or are already in the Work Program, others may require temporary funding; a review of staffing allocations to countries in fragile and conflict situations (FCS) might call for new permanent resources. The actions are broad in scope and self-reinforcing in effect if adopted as a package. They include: - Message of high-level commitment: Reflecting the actions of this MIP, a Management statement underscoring a strengthened institutional commitment to support FCS accompanies the MIP for Executive Board and IMFC endorsement. - An effective institutional mechanism: A high-level interdepartmental FCS Committee that reports to and seeks guidance in a formal meeting with management twice a year, will be established. The Committee will be tasked to analyze internal and external coordination issues in FCS and propose new ways tostrengthen engagement. An interdepartmental Technical Taskforce will support the Committee and report on progress in implementing this MIP, including through a Board paper on Review of FCS Engagement at end-2020. - Country engagement strategies: FCS teams will develop country engagement strategies that, drawing on relevant external expertise, will explicitly allow for thesocial and political context and the factors underpinning fragility; and lay the basis for full integration of capacity development (CD) with surveillance and lending. - Providing more sustained financial support: Staff is reviewing the lending toolkit for low-income countries to provide more tailored and flexible support, including for FCS, while ensuring uniformity of treatment. Staff will report on efforts to support FCS with protracted arrears to the Fund in the upcoming reviews of overdue financial obligations. - Practical steps to increase the impact of its CD support: Measures already in train will be complemented by the forthcoming Capacity Development (CD) Strategy Review’s assessment of initiatives to better integrate CD and Surveillance, including in FCS. Staff will also review the experience with provision of statistical and financial CD in FCS. And consideration will be given to establishing a FCS multi-donor trust fund or another suitable financing vehicle to address unmet needs for long-term experts. - Human Resources (HR) issues: The forthcoming phase of the HR Strategy will look into strategic workforce and career planning, including recruitment, and will consider actions to ensure that the Fund has appropriate staff expertise and experience to work effectively in fragile states. This will include the introduction of a “career” playbook that provides incentives for staff to be more responsive to the needs of the Fund in FCS. Adequacy of staffing allocations to FCS missions will be reviewed to ensure evenhanded treatment of the membership. Staff training on FCS will also be stepped up."
Book Synopsis Independent Evaluation Office Annual Report 2017 by : International Monetary Fund. Independent Evaluation Office
Download or read book Independent Evaluation Office Annual Report 2017 written by International Monetary Fund. Independent Evaluation Office and published by International Monetary Fund. This book was released on 2017-10-05 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Behind the Scenes with Data at the IMF by : International Monetary Fund. Independent Evaluation Office
Download or read book Behind the Scenes with Data at the IMF written by International Monetary Fund. Independent Evaluation Office and published by International Monetary Fund. This book was released on 2016-04-16 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis IEO Evaluation Report by : International Monetary Fund. Independent Evaluation Office
Download or read book IEO Evaluation Report written by International Monetary Fund. Independent Evaluation Office and published by International Monetary Fund. This book was released on 2017-10-05 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
