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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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.
The Acting Chair S Summing Up Independent Evaluation Office 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
The Acting Chair S Summing Up Independent Evaluation Office 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.
Executive Directors welcomed the report of the Independent Evaluation Office (IEO) on IMF Engagement with Small Developing States (SDS) and appreciated its insights and recommendations. They welcomed the report’s finding that the Fund has substantially stepped up its engagement with its SDS members over the past decade, and that SDS country officials generally considered Fund surveillance and capacity development (CD) activities of high quality and well-tailored to their needs.
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.
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 The Imf And Fragile States
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2018-04-03
Statement By The Managing Director On The Independent Evaluation Office Report On The Imf And Fragile 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 2018-04-03 with Business & Economics categories.
I welcome the report of the Independent Evaluation Office (IEO) on the IMF and Fragile States. The report recognizes that the Fund has made important contributions in restoring macroeconomic stability, building core institutions, and catalyzing donor support across a diverse range of countries in fragile and conflict situations. The IEO’s analysis and findings provide a thorough stock-taking and resonate with staff. Accordingly, I broadly support the IEO’s recommendations to make the Fund’s engagement with countries in fragile and conflict situations more impactful.
Statement By The Managing Director On The Independent Evaluation Office Report On Governance Of The Imf
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2018-09-27
Statement By The Managing Director On The Independent Evaluation Office Report On Governance Of The Imf 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 2018-09-27 with Business & Economics categories.
I would like to thank the Independent Evaluation Office (IEO) for preparing this informative update on the 2008 report on governance of the IMF. It is reassuring that the Update recognizes the significant progress made in improving efficiency, accountability, and voice of the Fund’s main governance bodies, and I concur that the remaining challenges need our continued attention and collective commitment.
Statement By The Managing Director On The Independent Evaluation Office Report On The Imf S Emergency Response To The Covid 19 Pandemic
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2023-03-20
Statement By The Managing Director On The Independent Evaluation Office Report On The Imf S Emergency Response To The Covid 19 Pandemic 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 2023-03-20 with Business & Economics categories.
As the evaluation notes, the Fund’s rapid response was not without costs and risks. The decision to provide extraordinary access, including through emergency financing, in the face of this unprecedented crisis has inevitably raised pressures on the Fund’s own, and its members’, balance sheets. Moreover, according to the report, some stakeholders did not feel adequately consulted in the initial weeks of the pandemic, staff experienced enormous work pressures, and in at least a few instances, national authorities did not perceive that the way policy guidance on 2 access was applied was entirely evenhanded. I am confident we can learn from the experience and do even better in the future; and I believe the IEO’s high-level recommendations will help us to do so.
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.
Progress Report To The Imfc On The Activities Of The Independent Evaluation Office Of The Imf
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Author : International Monetary
language : en
Publisher: International Monetary Fund
Release Date : 2022-10-13
Progress Report To The Imfc On The Activities Of The Independent Evaluation Office Of The Imf 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 2022-10-13 with Business & Economics categories.
Since the 2022 Spring Meetings, the IEO has completed two evaluations—on IMF engagement with small developing states and capacity development. We have also made significant progress on a third evaluation on the IMF’s emergency response to the COVID pandemic. In addition, a list of new evaluation topics has been drawn up for discussion with the Executive Board later this year.
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.