2011 Triennial Surveillance Review
Last Updated: October 31, 2011
The IMF reviews the effectiveness of its economic analysis and policy advice—known as surveillance—every three years. The latest of these ‘Triennial Surveillance Reviews’ was completed by the IMF’s Executive Board in October 2011.
Important progress has been made in strengthening IMF surveillance since the previous review in 2008. However, the latest review identified remaining gaps, drawing in large part on lessons from the global financial crisis. It sets out a series actions to strengthen how the IMF assesses risks and prospects for economies around the world, and gives policy advice, with a view to reducing the likelihood of next crises, and threats to global stability.
The 2011 review marked a departure from previous reviews. It took a comprehensive approach, covering both bilateral and multilateral surveillance. It also drew extensively from feedback from all major stakeholders, analysis by IMF staff, as well as from studies and commentaries by external experts. For the first time, the review was assessed and endorsed by an independent External Advisory Group.
2011 Triennial Surveillance Review Documents
IMF Staff Reports
- Overview Paper
- Review of the 2007 Surveillance Decision and the Broader Legal Framework for Surveillance
- Staff Background Studies
- Health Check and Statistical Information
- Surveillance by the International Monetary Fund, by Martin Wolf
- A Short Note on Surveillance and How Reforms in Surveillance Can Help the IMF to Promote Global Financial Stability, by Joseph E. Stiglitz
- An Evaluation of IMF Surveillance of the Euro Area, by Jean Pisani-Ferry, André Sapir, Guntram B. Wolff
- IMF Surveillance - Coverage, Consistency and Coherence, by Stephen Pickford
- IMF and Global Financial Stability, by John Palmer and Yoke Wang Tok
- External Report on Interviews with Country Authorities, by Jack Boorman and Teresa Ter-Minassian