Implementation Plan In Response To The Board Endorsed Recommendations From The Ieo Evaluation On The Evolving Application Of The Imf S Mandate
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Implementation Plan In Response To The Board Endorsed Recommendations From The Ieo Evaluation On The Evolving Application Of The Imf S Mandate
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Author : International Monetary Fund. Strategy, Policy, & Review Department
language : en
Publisher: International Monetary Fund
Release Date : 2025-05-06
Implementation Plan In Response To The Board Endorsed Recommendations From The Ieo Evaluation On The Evolving Application Of The Imf S Mandate written by International Monetary Fund. Strategy, Policy, & Review Department and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-05-06 with categories.
This Management Implementation Plan (MIP) proposes actions in response to the Board-endorsed recommendations provided by the Independent Evaluation Office (IEO)'s report on the Evolving Application of the IMF's Mandate. The MIP addresses the four IEO recommendations, which aim to (i) Enhance the decision-making process for Fund engagement in new policy areas; (ii) Address operational challenges by producing budget data in a manner that allows tracking by policy area across all Fund activities and operations; (iii) Enhance the clarity of key elements regarding surveillance in new policy areas, and (iv) Adopt an Executive Board-approved high-level Statement of Principles for Engagement with Partners. Staff will leverage existing and planned workstreams to address the IEO's recommendations.
Implementation Plan In Response To The Board Endorsed Recommendations From The Ieo Evaluation Report On Imf Advice On Unconventional Monetary Policies
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2020-05-22
Implementation Plan In Response To The Board Endorsed Recommendations From The Ieo Evaluation Report On Imf Advice On Unconventional Monetary Policies written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-05-22 with Business & Economics categories.
This Management Implementation Plan was prepared before COVID-19 became a global pandemic and resulted in unprecedented strains in global trade, commodity and financial markets. The actions in the plan and their timeline, therefore, do not reflect the implications of these developments and related policy priorities. This MIP includes a package of self-reinforcing actions that aim to: • Strengthen in-house expertise on monetary policy • Deepen the work on UMP and related policies • Further strengthen financial spillover analysis • Explore ways to enhance the Fund’s traction
Implementation Plan In Response To Board Endorsed Recommendations Arising From The Ieo Evaluation Of Imf Interactions With Member Countries
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Author : International Monetary Fund. Strategy, Policy, & Review Department
language : en
Publisher: International Monetary Fund
Release Date : 2010-12-17
Implementation Plan In Response To Board Endorsed Recommendations Arising From The Ieo Evaluation Of Imf Interactions With Member Countries written by International Monetary Fund. Strategy, Policy, & Review Department and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-12-17 with Business & Economics categories.
This paper presents a forward-looking implementation plan for Board-endorsed recommendations of the IEO Evaluation of IMF Interactions with Member Countries. Executive Directors welcomed the important insights offered into the effectiveness of these interactions, which are key to the Fund’s ability to achieve its goals. They broadly supported the need to enhance the traction of Fund surveillance, improve the effectiveness of outreach, and strengthen the management of interactions. Directors, nonetheless, “observed that the report covers principally the pre-crisis period, and significant progress has been made on several fronts since then.” In drawing up the implementation plan, this note focuses on points commanding broad support by the Executive Board, and builds on existing plans and ongoing reform initiatives that are broadly aligned with the evaluation’s recommendations.
Implementation Plan In Response To The Board Endorsed Recommendations For The Ieo Report Behind The Scenes With Data At The Imf
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Author : International Monetary Fund. Strategy, Policy, & Review Department
language : en
Publisher: International Monetary Fund
Release Date : 2016-10-27
Implementation Plan In Response To The Board Endorsed Recommendations For The Ieo Report Behind The Scenes With Data At The Imf written by International Monetary Fund. Strategy, Policy, & Review Department and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-10-27 with Computers categories.
This paper sets out Management’s response to the Independent Evaluation Office’s (IEO) report entitled Behind the Scenes with Data at the IMF: An IEO Evaluation. The implementation plan proposes specific actions to address the recommendations of the IEO that were endorsed by the Board in its March 17, 2016 discussion of the IEO’s report, namely: (i) develop a long-term strategy for data and statistics at the Fund; (ii) define and prioritize the Fund’s data needs and support data provision by member countries accordingly; (iii) reconsider the role and mandate of the Statistics Department; (iv) reexamine the staff’s structure of incentives in the area of data management; (v) make clear the limits of IMF responsibility regarding the quality of disseminated data, and clarify the distinction between “IMF data” and “official data.” The implementation of some of these proposed actions is already underway. The paper also explains how implementation will be monitored.
Implementation Plan In Response To The Board Endorsed Recommendations For The Ieo Evaluation Of Imf Forecasts Process Quality And Country Perspective
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2015-09-18
Implementation Plan In Response To The Board Endorsed Recommendations For The Ieo Evaluation Of Imf Forecasts Process Quality And Country Perspective written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-09-18 with Business & Economics categories.
This paper sets out Management’s response to the Independent Evaluation Office’s (IEO) evaluation of IMF Forecasts: Process, Quality, and Country Perspectives. The implementation plan proposes specific actions to address the five recommendations that received broad support from the Executive Board, namely (i) maintaining the practice of commissioning external evaluations of IMF forecasts, (ii) enhancing the processes and incentives for learning from past forecast performance, (iii) extending guidance to desk economists on forecasting methodologies, (iv) publishing a description of the WEO forecasting process, and (iv) improving the public availability of data related to forecasts and outturns. Several of the proposed actions to address the Board-endorsed IEO recommendations have already been implemented following the Board discussion, while the implementation of some other actions is underway. This paper also explains how implementation will be monitored.
Implementation Plan In Response To The Board Endorsed Recommendations From The Ieo Evaluation Report On Imf Collaboration With The World Bank On Macro Structural Issues
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Author : International Monetary
language : en
Publisher: International Monetary Fund
Release Date : 2021-10-12
Implementation Plan In Response To The Board Endorsed Recommendations From The Ieo Evaluation Report On Imf Collaboration With The World Bank On Macro Structural Issues written by International Monetary and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-10-12 with Business & Economics categories.
This Management Implementation Plan (MIP) focuses on further strengthening collaboration between the IMF and the World Bank on strategic macro-structural issues. In macro-structural areas, the Fund and the Bank have complementary roles. The Bank provides structural and development-focused assessments and recommendations, while the Fund focuses on integrating macro relevant structural issues in the macroeconomic frameworks and policies. In some areas, including financial sector and public debt sustainability assessments, Bank-Fund collaboration modalities are well established. In other areas, such as climate change, Fund staff is developing comprehensive strategies on how the IMF can step up its engagement and collaboration with external partners, including with the World Bank, to better serve its membership. This MIP proposes concrete steps aimed at further enhancing: • Bank-Fund collaboration on strategic macro-structural issues, with an initial focus on the climate workstream; • Fund staff’s incentives for collaboration with external partners, including the Bank • Access to and exchange of information and knowledge between Bank and Fund staff.
Implementation Plan In Response To The Board Endorsed Recommendations From The Ieo Evaluation Report On Imf Engagement With Small Developing States
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2023-03-24
Implementation Plan In Response To The Board Endorsed Recommendations From The Ieo Evaluation Report On Imf Engagement With Small Developing States written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-03-24 with Business & Economics categories.
This paper presents a Management Implementation Plan (MIP) with actions to take forward the Board-endorsed recommendations from the Independent Evaluation Office (IEO)’s report on IMF Engagement with Small Developing States (SDS). The actions in the MIP are broad in scope, touching on all modalities of the Fund’s engagement with SDS, and seek to be comprehensive, self-reinforcing, cost-effective, and designed to be adopted as a package. The MIP aims to support a targeted and effective recalibration of engagement with SDS; enhance IMF’s surveillance and capacity development in SDS members; strengthen the Fund’s lending engagement with SDS, in line with the applicable policy frameworks; and secure an effective, well-tailored and more continuous staff presence in SDS.
Implementation Plan In Response To The Board
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2021-08-10
Implementation Plan In Response To The Board written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-08-10 with Business & Economics categories.
The actions in this document aim at • Bringing the Fund’s framework for advice on capital flow policies up to date with recent research and lessons from experience. • Enhancing and coordinating a Fund-wide research • Ramping up the monitoring and analysis of capital flows. • Strengthening multilateral cooperation on policy issues affecting capital flows.
Statement By The Managing Director On The Independent Evaluation Office Report On The Evolving Application Of The Imf S Mandate
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2024-06-18
Statement By The Managing Director On The Independent Evaluation Office Report On The Evolving Application Of The Imf S Mandate written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-06-18 with Business & Economics categories.
This evaluation assesses the decision-making processes that guided the evolution of the application of the Fund's mandate, the criteria and principles used to operationalize engagement in newer policy areas, and the coherence of the Fund's framework for engaging with partners. It finds that the systematic widening of the Fund's areas of work is posing adaptation challenges, necessitating trade-offs, and overburdening staff within a context of budgetary and expertise constraints. The evaluation offers a framework for approaching these challenges that is centered on a trilemma that exposes the tension between the steady expansion of the Fund's scope of work, its limited resources, and the need to maintain the high quality and value-added of its policy advice. It identifies several problems within this framework, including the ad hoc decision-making process for engaging in newer policy areas, which lacks a longer-term strategic anchor. Furthermore, decisions on policies, resources, and risks were taken in a piecemeal manner, without due consideration for crossed effects. It also identifies several open questions regarding the depth and frequency of the Fund's engagement in newer policy areas and the lack of an institutional approach to Fund partnerships.The evaluation proposes classifying newer policy areas across a spectrum of recommended engagement, ranging from signaling their macrocriticality while leaving deeper assessments to other institutions, to in-depth high-frequency engagement. It also offers four main recommendations: (i) developing an inclusive Fund-wide institutional strategy for engagement in newer policy areas that better links decisions related to scope, resources, and risks; (ii) producing budget data that enables the tracking of Fund activities and operations by policy area; (iii) updating the 2022 Guidance Note for Surveillance to enhance the clarity of principles for engagement; and (iv) adopting a Board-approved high-level Statement of Principles for engagement with partners.
Implementing Board Endorsed Recommendations From The 2024 External Evaluation Of The Fund S Independent Evaluation Office Ieo
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Author : International Monetary Fund. Strategy, Policy, & Review Department
language : en
Publisher: International Monetary Fund
Release Date : 2024-11-07
Implementing Board Endorsed Recommendations From The 2024 External Evaluation Of The Fund S Independent Evaluation Office Ieo written by International Monetary Fund. Strategy, Policy, & Review Department and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-11-07 with Business & Economics categories.
This paper describes implementation steps related to the board-endorsed recommendations from the Fourth External Evaluation of the Fund's Independent Evaluation Office (The Garcia Silva Report). The Garcia Silva Report brought recommendations in six areas to further improve the IEO’s relevance and effectiveness: (i) Undertaking Early-Stage Evaluations, (ii) Review the IEO’s HR Policy, (iii) Topic Selection, (iv) IEO Product Line, (v) Follow-up process, and (vi) Joint evaluations with other International Financial Institutions' evaluators. Recommendations (i-iv) fall under the IEO’s purview, and recommendation (vi) was not endorsed by the Executive Board. Therefore, this paper focuses on staff’s proposals to enhance the ownership in implementation and the follow-up of Board-endorsed IEO recommendations (recommendation v).