Download or read book Statement by the Managing Director on the Independent Evaluation Office s Report on the IMF and Social Protection written by International Monetary Fund and published by International Monetary Fund. This book was released on 2017-07-24 with total page 5 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book 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 published by International Monetary Fund. This book was released on 2014-11-06 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Statement by the Managing Director on the Independent Evaluation Office Report on the IMF and Fragile States written by International Monetary Fund and published by International Monetary Fund. This book was released on 2018-04-03 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book 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 published by International Monetary Fund. This book was released on 2014-10-21 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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
Download or read book 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 published by INTERNATIONAL MONETARY FUND. This book was released on 2021-09-09 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt: Statement by the Managing Director on the Independent Evaluation Office Report on Growth and Adjustment in IMF-Supported Programs
Download or read book Statement by the Managing Director on the Independent Evaluation Office Report on Governance of the IMF written by International Monetary Fund and published by International Monetary Fund. This book was released on 2018-09-27 with total page 3 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book 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 published by International Monetary Fund. This book was released on 2019-06-14 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book IEO Evaluation Report written by International Monetary Fund. Independent Evaluation Office and published by International Monetary Fund. This book was released on 2017-10-05 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes that the IMF has moved beyond its traditional fiscal-centric approach to recognize that social protection can also be macro-critical for broader reasons including social and political stability concerns. Evaluating the IMF’s involvement in social protection is complicated by the fact that there is no standard definition of social protection or of broader/overlapping terms such as social spending and social safeguards in (or outside) the IMF. In this evaluation, social protection is understood to include policies that provide benefits to vulnerable individuals or households. This evaluation found widespread IMF involvement in social protection across countries although the extent of engagement varied. In some cases, engagement was relatively deep, spanning different activities (bilateral surveillance, technical assistance, and/or programs) and involving detailed analysis of distributional impacts, discussion of policy options, active advocacy of social protection, and integration of social protection measures in program design and/or conditionality. This cross-country variation to some degree reflected an appropriate response to country-specific factors, in particular an assessment of whether social protection policy was macrocritical, and the availability of expertise from development partners or in the country itself.
Download or read book 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 published by International Monetary Fund. This book was released on 2022-10-04 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Statement by the Managing Director on the Independent Evaluation Office Report on the IMF Financial Surveillance written by International Monetary Fund and published by International Monetary Fund. This book was released on 2019-01-29 with total page 5 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book 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 published by International Monetary Fund. This book was released on 2024-06-18 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book 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 published by International Monetary Fund. This book was released on 2022-05-17 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Fiscal Adjustment in IMF Supported Programs written by International Monetary Fund. Independent Evaluation Office and published by International Monetary Fund. This book was released on 2003-11-17 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using a cross-country sample of 169 IMF-supported programs and detailed studies of 15 programs, this evaluation report examines various aspects of fiscal adjustment in IMF-supported programs. It presents evidence that does not support some critics’ view that IMF-supported programs typically adopt a one-size-fits-all approach to fiscal adjustment, nor the perception that programs always involve austerity by targeting reductions in public spending. The report also proposes a number of recommendations for IMF surveillance and program design in the future.
Download or read book Implementation Plan in Response to the Board Endorsed Recommendations for the IEO Evaluation Report The IMF and Social Protection written by International Monetary Fund. Strategy, Policy, & Review Department and published by International Monetary Fund. This book was released on 2018-02-02 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This paper sets out Management’s response to the Independent Evaluation Office’s (IEO) report on “The IMF and Social Protection.” The management implementation plan (MIP) proposes specific actions to address the IEO recommendations endorsed by the Executive Board in its discussion on July 19, 2017, specifically to: (i) establish a clear strategic framework to guide Fund involvement in social protection; (ii) provide tailored advice based on in-depth analysis of the particular country situation; (iii) find more realistic and effective approaches to program design and conditionality to ensure that adverse impacts of program measures on the most vulnerable are mitigated; (iv) realistically explain in external communications the IMF’s approach to social protection issues; and (v) engage actively in inter-institutional cooperation on social protection to find ways to work constructively with development partners, particularly institutions with different mandates and policy priorities. The MIP notes that the Board underscored the need to be mindful of the Fund’s mandate to engage only in macro-critical areas while bearing in mind its resource constraints and comparative expertise in implementing these recommendations. Implementation of some of these proposed actions is already underway. The paper also explains how implementation will be monitored and the MIP’s resource implications."
Download or read book Statement by the Managing Director on the Independent Evaluation Office Report on Self Evaluation at the IMF written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book 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 published by International Monetary Fund. This book was released on 2015-03-09 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book 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 published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Statement by the Managing Director on the Independent Evaluation Office Report on Growth and Adjustment in IMF-Supported Programs.
