Statement by the Managing Director on the Independent Evaluation Office’s Report on the IMF and the Crises in Greece, Ireland, and Portugal - An Evaluation by the Independent Evaluation Office - Executive Board Meeting - July 19, 2016

Date: July 6, 2016
Electronic Access: Full Text

Summary:I welcome the report of the Independent Evaluation Office (IEO) on the Euro Area crisis programs. Their work provides an independent and in-depth account, which I have no doubt will make an important contribution to understanding the Fund’s approach to the crisis. As I have emphasized repeatedly, the IEO plays a vital role in enhancing the learning culture within the Fund, strengthening the Fund's external credibility, and supporting the Executive Board's institutional governance and oversight responsibilities.

Series : Policy Paper
Subject(s): Financial crisis | Greece | Ireland | Portugal | Cyprus | Euro Area | Fund-supported adjustment programs | Fund role | Managing Director reports | Independent Evaluation Office