IMF Executive Board Discusses Implementation Plan in Response to Board-Endorsed Recommendations Arising from the IEO Evaluation of IMF Interactions with Member Countries

Public Information Notice (PIN) No. 11/4
January 11, 2011

Public Information Notices (PINs) form part of the IMF's efforts to promote transparency of the IMF's views and analysis of economic developments and policies. With the consent of the country (or countries) concerned, PINs are issued after Executive Board discussions of Article IV consultations with member countries, of its surveillance of developments at the regional level, of post-program monitoring, and of ex post assessments of member countries with longer-term program engagements. PINs are also issued after Executive Board discussions of general policy matters, unless otherwise decided by the Executive Board in a particular case.

On December 27, 2010, the Executive Board of the International Monetary Fund (IMF) agreed to the implementation plan and supplement in response to Board-endorsed recommendations arising from the Independent Evaluation Office (IEO) evaluation of IMF Interactions with Member Countries.

Background

On December 14, 2009, the Executive Board discussed the Independent Evaluation Office's (IEO’s) report on IMF Interactions with Member Countries. In that report, the IEO examined the IMF’s country-level interactions on surveillance, programs and technical assistance over the period 2001–08 and put forward a series of recommendations aimed at enhancing the effectiveness of those interactions.

Based on those IEO recommendations that were endorsed by the Board, staff and management have prepared an implementation plan. The implementation plan is part of the framework established following an External Evaluation of the IEO that seeks to ensure a more systematic follow-up and monitoring of the implementation of Board-endorsed IEO recommendations. That framework envisages, amongst other things, the presentation to the Board of a forward-looking implementation plan for Board-endorsed recommendations soon after Board discussion of each IEO report. The Executive Board agreed that the proposals contained within Table 1 of the implementation plan fulfilled this requirement.



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