Statement By The Managing Director On The Independent Evaluation Office Report On Imf Exchange Rate Policy Advice


Statement By The Managing Director On The Independent Evaluation Office Report On Imf Exchange Rate Policy Advice
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Statement By The Managing Director On The Independent Evaluation Office Report On Imf Exchange Rate Policy Advice


Statement By The Managing Director On The Independent Evaluation Office Report On Imf Exchange Rate Policy Advice
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2017-10-31

Statement By The Managing Director On The Independent Evaluation Office Report On Imf Exchange Rate Policy Advice 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 2017-10-31 with Business & Economics categories.


I would like to thank the Independent Evaluation Office (IEO) for preparing this informative and timely report, which provides an update on the IMF’s progress in its approach to exchange rate policy advice since 2007. I am pleased with its main finding that the IMF has substantially overhauled its approach to exchange rate policy advice, and concur that some issues need our continued attention. I would like to note that management and staff remain fully committed to the role of the External Sector Report (ESR) in Fund surveillance.



Statement By The Managing Director On The Independent Evaluation Office Report On The Imf Advice On Unconventional Monetary Policies


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 Imf Response To The Financial And Economic Crisis


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 Fragile States


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.



Ieo Evaluation Of Exchange Rate Policy


Ieo Evaluation Of Exchange Rate Policy
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Author : International Monetary Fund. Independent Evaluation Office
language : en
Publisher: International Monetary Fund
Release Date : 2007-08-22

Ieo Evaluation Of Exchange Rate Policy 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 2007-08-22 with Business & Economics categories.


The IMF is charged by its Articles of Agreement and a 1977 Executive Board Decision to exercise surveillance over the international monetary system and members’ exchange rate policies. The overriding question addressed by this evaluation is whether, over the 1999–2005 period, the IMF fulfilled this core responsibility. The main finding is that the IMF was simply not as effective as it needs to be in both its analysis and advice and in its dialogue with member countries. The evidence supporting this conclusion, along with other key findings, is set out in this report. The report also presents a detailed set of recommendations that could go a long way in improving the quality and effectiveness of IMF surveillance.



Statement By The Managing Director On The Independent Evaluation Office Report On The Imf And Capacity Development Executive Board Meeting September 12 2022


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 S Report On The Imf And Social Protection


Statement By The Managing Director On The Independent Evaluation Office S Report On The Imf And Social Protection
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2017-07-24

Statement By The Managing Director On The Independent Evaluation Office S Report On The Imf And Social Protection 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 2017-07-24 with Business & Economics categories.


I welcome the report of the Independent Evaluation Office (IEO) on the IMF and Social Protection. This is an area in which the Fund has broadened its engagement in recent years, responding to the needs of the membership. The conclusion that I draw from the report—that the Fund has made strong progress—is therefore an encouraging one, even as I recognize that there is scope to do better. The IEO’s analysis and findings have much in common with recent work by Fund staff, while providing a broader perspective that is very valuable. Overall, I find the IEO’s recommendations for refining the Fund’s approach to social protection to be well-judged, and the proposals have my support.



Ieo Evaluation Of Exchange Rate Policy


Ieo Evaluation Of Exchange Rate Policy
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Author : International Monetary Fund Staff
language : en
Publisher: International Monetary Fund
Release Date : 2007-08-22

Ieo Evaluation Of Exchange Rate Policy written by International Monetary Fund Staff 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 2007-08-22 with Business & Economics categories.


The IMF is charged by its Articles of Agreement and a 1977 Executive Board Decision to exercise surveillance over the international monetary system and members' exchange rate policies. The overriding question addressed by this evaluation is whether, over the 1999-2005 period, the IMF fulfilled this core responsibility. The main finding is that the IMF was simply not as effective as it needs to be in both its analysis and advice and in its dialogue with member countries. The evidence supporting this conclusion, along with other key findings, is set out in this report. The report also presents a detailed set of recommendations that could go a long way in improving the quality and effectiveness of IMF surveillance.



Statement By The Managing Director On The Independent Evaluation Office Report On Recurring Issues From A Decade Of Evaluation


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.



Independent Evaluation Office Annual Report 2017


Independent Evaluation Office Annual Report 2017
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Author : International Monetary Fund. Independent Evaluation Office
language : en
Publisher: International Monetary Fund
Release Date : 2017-10-05

Independent Evaluation Office Annual Report 2017 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 2017-10-05 with Business & Economics categories.


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.