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

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2019-06-14

Total Pages: 4

ISBN-13: 1498321380

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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
Progress Report to the IMFC on the Activities of the Independent Evaluation Office of the IMF

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2018-10-13

Total Pages: 3

ISBN-13: 1498310176

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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
Statement by the Managing Director on the Independent Evaluation Office Report on IMF Response to the Financial and Economic Crisis

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2014-10-21

Total Pages: 6

ISBN-13: 1498342647

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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

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2018-04-03

Total Pages: 7

ISBN-13: 1498307345

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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 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

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2014-11-06

Total Pages: 4

ISBN-13: 1498343244

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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 The IMF’s Emergency Response to the COVID-19 Pandemic
Statement by the Managing Director on the Independent Evaluation Office Report on The IMF’s Emergency Response to the COVID-19 Pandemic

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2023-03-20

Total Pages: 5

ISBN-13:

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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 Governance of the IMF
Statement by the Managing Director on the Independent Evaluation Office Report on Governance of the IMF

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2018-09-27

Total Pages: 3

ISBN-13: 1498309844

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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'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

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2017-07-24

Total Pages: 5

ISBN-13: 1498346626

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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 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

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2019-06-14

Total Pages: 4

ISBN-13: 149832133X

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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.