Policy Papers

The Safeguards Policy - Independent Panel's Advisory Report

Publication Date:

July 6, 2010

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This report by the external panel of experts (“the panel”) examines the effectiveness and appropriateness of the safeguards policy over the ten years since the inception of the policy, and most particularly in the five years since its last review. Furthermore, the panel, drawing on its research and experience, aims to establish a course for the Executive Board to consider that would help the safeguards policy continually improve, adapt to changing world conditions, and remain viable and relevant for the next decade. In gathering data to form its opinion, the panel (i) consulted with stakeholders in the policy (including central bank authorities, IMF Executive Directors’ offices, Fund and World Bank staff, and international audit firms), (ii) examined safeguards and other Fund-specific documents, and (iii) researched international reference materials.

Series:

Policy Papers

Subject:

External auditors Fund assets Global Financial Crisis 2008-2009 Governance Risk management Safeguards assessments policy Transparency Use of Fund resources