The Chair's Summing Up Independent Evaluation Office--The Evolving Application of the IMF's Mandate

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Release : 2024-06-18
Genre : Business & Economics
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The Chair's Summing Up Independent Evaluation Office--The Evolving Application of the IMF's Mandate - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Chair's Summing Up Independent Evaluation Office--The Evolving Application of the IMF's Mandate write by International Monetary Fund. This book was released on 2024-06-18. The Chair's Summing Up Independent Evaluation Office--The Evolving Application of the IMF's Mandate available in PDF, EPUB and Kindle. 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.

The Chair’s Summing Up Independent Evaluation Office—The IMF’s Emergency Response to the COVID-19 Pandemic

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Release : 2023-03-20
Genre : Business & Economics
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The Chair’s Summing Up Independent Evaluation Office—The IMF’s Emergency Response to the COVID-19 Pandemic - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Chair’s Summing Up Independent Evaluation Office—The IMF’s Emergency Response to the COVID-19 Pandemic write by International Monetary Fund. This book was released on 2023-03-20. The Chair’s Summing Up Independent Evaluation Office—The IMF’s Emergency Response to the COVID-19 Pandemic available in PDF, EPUB and Kindle. (IEO), which provides an early evaluation of the Fund’s emergency response to the initial stage of the COVID-19 pandemic and seeks to draw lessons from the experience for responding to possible future global crises. They highlighted the report’s key finding that the Fund’s response was effective and agile to a crisis like no other, despite the extraordinary challenges and risks, as the Fund rapidly adapted its lending framework and internal processes to serve the membership, help to close large financing gaps, and give confidence to the membership and markets by making its resources available expeditiously under adequate safeguards. Besides lending, Directors noted that the Fund also undertook useful analytical work and gave extensive and timely policy advice and capacity development. They welcomed the report’s finding that the Fund’s corporate response was adapted quickly, including by reprioritizing work, introducing HR and budget initiatives, and swiftly embracing the virtual environment. Directors especially commended staff for their strong dedication during these challenging circumstances.

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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Release : 2022-05-17
Genre : Business & Economics
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The Acting Chair’s Summing Up Independent Evaluation Office—IMF Engagement with Small Developing States: Executive Board Meeting May 6, 2022 - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Acting Chair’s Summing Up Independent Evaluation Office—IMF Engagement with Small Developing States: Executive Board Meeting May 6, 2022 write by International Monetary Fund. This book was released on 2022-05-17. The Acting Chair’s Summing Up Independent Evaluation Office—IMF Engagement with Small Developing States: Executive Board Meeting May 6, 2022 available in PDF, EPUB and Kindle. 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.

The Acting Chair’s Summing Up - Independent Evaluation Office—Self Evaluation at the IMF—An IEO Assessment - Executive Board Meeting 15/89 - September 18, 2015

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Release : 2015-09-29
Genre : Business & Economics
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Book Rating : 151/5 ( reviews)

The Acting Chair’s Summing Up - Independent Evaluation Office—Self Evaluation at the IMF—An IEO Assessment - Executive Board Meeting 15/89 - September 18, 2015 - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Acting Chair’s Summing Up - Independent Evaluation Office—Self Evaluation at the IMF—An IEO Assessment - Executive Board Meeting 15/89 - September 18, 2015 write by International Monetary Fund. This book was released on 2015-09-29. The Acting Chair’s Summing Up - Independent Evaluation Office—Self Evaluation at the IMF—An IEO Assessment - Executive Board Meeting 15/89 - September 18, 2015 available in PDF, EPUB and Kindle. Executive Directors welcomed the report by the Independent Evaluation Office (IEO) on self-evaluation at the IMF, the accompanying statement on the report by the Managing Director, and the IEO’s response. They were encouraged by the report’s findings that there is considerable self-evaluation at the IMF; that such self-evaluation is generally of high quality; and that it contributes usefully to reforms in policies and operations. At the same time, they also noted the finding that there are gaps and weaknesses in the Fund’s self-evaluation. Against this background, Directors considered the recommendations of the report to adopt an overall policy for self-evaluation; conduct self-assessments for every IMF-supported program; explicitly set out a plan for how policies and operations will be self-evaluated; and better disseminate lessons from self-evaluation. In this context, many Directors supported strengthening the current mechanisms for self-evaluation. More broadly, Directors agreed on the importance of having a clearly articulated approach to self-evaluation that builds on current processes, takes due account of resource constraints, and adapts over time to changing circumstances. Directors also concurred on the need to better disseminate lessons from self-evaluation. The implementation plan would be a first opportunity to reflect on how best to carry these considerations forward.

Acting Chair's Summing Up

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Acting Chair's Summing Up - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Acting Chair's Summing Up write by . This book was released on . Acting Chair's Summing Up available in PDF, EPUB and Kindle.