Statement By The Managing Director On The Independent Evaluation Office Report On Growth And Adjustment In Imf Supported Programs
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Statement By The Managing Director On The Independent Evaluation Office Report On Growth And Adjustment In Imf Supported Programs
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Author : International Monetary Fund. Independent Evaluation Office
language : en
Publisher: INTERNATIONAL MONETARY FUND
Release Date : 2021-09-09
Statement By The Managing Director On The Independent Evaluation Office Report On Growth And Adjustment In Imf Supported Programs written by International Monetary Fund. Independent Evaluation Office 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 2021-09-09 with Business & Economics categories.
Statement by the Managing Director on the Independent Evaluation Office Report on Growth and Adjustment in IMF-Supported Programs
Statement By The Managing Director On The Independent Evaluation Office Report On Growth And Adjustment In Imf Supported Programs
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Author : International Monetary Fund Independent Evaluation Office
language : en
Publisher:
Release Date : 2021
Statement By The Managing Director On The Independent Evaluation Office Report On Growth And Adjustment In Imf Supported Programs written by International Monetary Fund Independent Evaluation Office and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021 with categories.
Statement by the Managing Director on the Independent Evaluation Office Report on Growth and Adjustment in IMF-Supported Programs.
Growth And Adjustment In Imf Supported Programs
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Author : International Monetary Fund. Independent Evaluation Office
language : en
Publisher: International Monetary Fund
Release Date : 2021-09-09
Growth And Adjustment In Imf Supported Programs written by International Monetary Fund. Independent Evaluation Office 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 2021-09-09 with Business & Economics categories.
This evaluation assesses how well IMF-supported programs helped to sustain economic growth while delivering adjustment needed for external viability over the period 2008–19. The evaluation finds that the Fund’s increasing attention to growth in the programs has delivered some positive results. Specifically, it does not find evidence of a consistent bias towards excessive austerity in IMF-supported programs. Indeed, programs have yielded growth benefits relative to a counterfactual of no Fund engagement and boosted post-program growth performance. Notwithstanding these positive findings, program growth outcomes consistently fell short of program projections. Such shortfalls imply less protection of incomes than intended, fuel adjustment fatigue and public opposition to reforms, and jeopardize progress towards external viability. The evaluation examines how different policy instruments were applied to support better growth outcomes while achieving needed adjustment. Fiscal policies typically incorporated growth-friendly measures but with mixed success. Despite some success in promoting reforms and growth, structural conditionalities were of relatively low depth and their potential growth benefits were not fully realized. Use of the exchange rate as a policy tool to support growth and external adjustment during programs was quite limited. Lastly, market debt operations were useful in some cases to restore debt sustainability and renew market access, yet sometimes were too little and too late to deliver the intended benefits. The evaluation concludes that the IMF should seek to further enhance program countries’ capacity to sustain activity while undertaking needed adjustment during the program and to enhance growth prospects beyond the program. Following this conclusion, the report sets out three recommendations aimed at strengthening attention to growth implications of IMF-supported programs, including the social and distributional consequences.
Statement By The Managing Director On The Independent Evaluation Office Report On Imf Response To The Financial And Economic Crisis
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2014-10-21
Statement By The Managing Director On The Independent Evaluation Office Report On Imf Response To The Financial And Economic Crisis 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 2014-10-21 with Business & Economics categories.
The Independent Evaluation Office (IEO) has produced a detailed report that provides valuable insights on how the IMF responded to the global financial and economic crisis. The analysis in the report is broadly balanced, and Managing Director welcomes the IEO’s finding that the IMF played an important role in the global response to the crisis, and broadly supports the report’s recommendations
Statement By The Managing Director On The Independent Evaluation Office Report On The Imf And Capacity Development Executive Board Meeting September 12 2022
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Author : International Monetary
language : en
Publisher: International Monetary Fund
Release Date : 2022-10-04
Statement By The Managing Director On The Independent Evaluation Office Report On The Imf And Capacity Development Executive Board Meeting September 12 2022 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 2022-10-04 with Business & Economics categories.
The IEO evaluation contains a wealth of analysis and background material that will be invaluable as staff embarks on the preparation of the 2023 CD Strategy Review. The overall assessment is very positive, highlighting the achievements authorities have made with the help of Fund CD and the value they continue to place on this area of Fund work. The report also acknowledges the significant strides that have been made in improving governance and management of CD in recent years.
Statement By The Managing Director On The Independent Evaluation Office Report On Imf Engagement With Small Developing States Executive Board Meeting May 6 2022
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2022-05-17
Statement By The Managing Director On The Independent Evaluation Office Report On Imf Engagement With Small Developing States Executive Board Meeting May 6 2022 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 2022-05-17 with Business & Economics categories.
The report and its recommendations should also be careful to not impinge upon areas that are still unfolding, such as the RST, crisis response, and CD provision, to avoid unnecessary duplication of efforts and ensure that a coherent and evenhanded framework is in place. I offer qualified and/or partial support to the recommendations, as discussed below, to serve better our SDS members.
Implementation Plan In Response To The Board Endorsed Recommendations From The Ieo Evaluation Report On Growth And Adjustment In Imf Supported Programs
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Author : International Monetary
language : en
Publisher: International Monetary Fund
Release Date : 2022-05-19
Implementation Plan In Response To The Board Endorsed Recommendations From The Ieo Evaluation Report On Growth And Adjustment In Imf Supported Programs 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 2022-05-19 with Business & Economics categories.
This management implementation plan (MIP) proposes actions in response to the Independent Evaluation Office (IEO)’s report on growth and adjustment in IMF-supported programs. The full implementation of the MIP package will help ensure that, at a time when many countries face strong headwinds, IMF-supported programs not only deliver necessary adjustment to address balance of payments needs but also pay greater attention to their growth effects. While the policy-related deliverables are already incorporated into current departmental work plans and budgets, the operational implementation of these recommendations may require mobilizing additional resources.
Statement By The Managing Director On The Independent Evaluation Office Report On The Imf Advice On Unconventional Monetary Policies
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2019-06-14
Statement By The Managing Director On The Independent Evaluation Office Report On The 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 2019-06-14 with Business & Economics categories.
I welcome the report of the Independent Evaluation Office (IEO) on the IMF Advice on Unconventional Monetary Policies (UMP). The report recognizes that the Fund’s engagement on UMP since the Global Financial Crisis has been wide-ranging and, in many respects, impressive. The report offers valuable insights on how to further improve the timeliness and value added of the IMF’s advice on UMP. Accordingly, I broadly support the general thrust of IEO’s recommendations, which are helpful in informing Management’s consideration of how to push forward the Fund’s work in this area.
Statement By The Managing Director On The Independent Evaluation Office Report On Recurring Issues From A Decade Of Evaluation
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2014-11-06
Statement By The Managing Director On The Independent Evaluation Office Report On Recurring Issues From A Decade Of Evaluation 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 2014-11-06 with Business & Economics categories.
The Managing Director welcomes the IEO's novel report, which identifies recurring issues from past evaluations and assesses progress in addressing them. The report's focus on organizational silos, attention to risks and uncertainty, country and institutional context, evenhandedness, and Executive Board guidance and oversight is appropriate given their relevance and importance for the effectiveness and credibility of IMF operations.
Follow Up On The Recommendations Of The Independent Evaluation Office Report On Fiscal Adjustment In Imf Supported Programs
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Author : International Monetary Fund. Fiscal Affairs Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2004-10-02
Follow Up On The Recommendations Of The Independent Evaluation Office Report On Fiscal Adjustment In Imf Supported Programs written by International Monetary Fund. Fiscal Affairs Dept. 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 2004-10-02 with Business & Economics categories.
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