Statement By The Managing Director On The Independent Evaluation Office Report On The Imf Advice On Unconventional Monetary Policies
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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.
Progress Report To The Imfc On The Activities Of The Independent Evaluation Office Of The Imf
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2018-10-13
Progress Report To The Imfc On The Activities Of The Independent Evaluation Office 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 2018-10-13 with Business & Economics categories.
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.
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 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 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 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
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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.
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.
Statement By The Managing Director On The Independent Evaluation Office Report On Self Evaluation At The Imf An Ieo Assessment Executive Board Meeting September 18 2015
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2015-03-09
Statement By The Managing Director On The Independent Evaluation Office Report On Self Evaluation At The Imf An Ieo Assessment Executive Board Meeting September 18 2015 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 2015-03-09 with Business & Economics categories.
The thrust of the report’s recommendations to strengthen the institutional framework for self-evaluation, adapt it over time to changing circumstances, and better disseminate lessons from self-evaluation are well taken. I believe, however, that there is considerable scope to address these recommendations by refining and building on existing processes and initiatives already underway rather than by introducing substantial new architecture. I see limited value added relative to the costs in following through with the report’s two other key recommendations; namely, to conduct self-assessment for every IMF-supported program and to set out plans ex ante to self-evaluate every policy and thematic review.
Statement By The Managing Director On The Independent Evaluation Office Report On The Imf Financial Surveillance
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2019-01-29
Statement By The Managing Director On The Independent Evaluation Office Report On The Imf Financial Surveillance 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 2019-01-29 with Business & Economics categories.
The IEO report provides a welcome opportunity to reflect on the IMF’s initiatives to expand and deepen its financial surveillance work in response to the Global Financial Crisis. In order to improve the relevance and traction of bilateral financial surveillance, the IMF needs to deepen financial and macrofinancial analysis, particularly in Article IV consultations, including by taking practical steps to better integrate Financial Sector Assessment Program analysis in Article IV consultations and by increasing financial skills and expertise among staff. The IMF should continue to work to enhance the impact of IMF multilateral surveillance by increasing rigor and transparency, and by deepening collaboration with international partners. On scaling-up the IMF’s work with the international regulatory agencies to assess the impact of reforms, the IMF has undertaken several assessments of different aspects of the reforms following the 2012 Financial Surveillance Strategy. Some of these have been conducted jointly with the Standard Setting Bodies.