IMF Board Appoints the High-Level Panel for The External Evaluation of the Independent Evaluation Office

October 2, 2017

The International Monetary Fund’s Executive Board appointed a high-level panel to undertake an external evaluation of the IMF’s Independent Evaluation Office (IEO). The evaluation will assess how successfully the IEO has met its goals to serve as a means to enhance the learning culture within the Fund, strengthen the Fund’s external credibility, and support the Executive Board’s institutional governance and oversight responsibilities. The evaluators have discretion in the conduct of their investigation within this broad contour.

When the IEO was established by the IMF Executive Board in 2001, it was envisaged that periodic external evaluations would be carried out to assess its effectiveness and to consider possible improvements to its structure, mandate, operational modalities, or Terms of Reference. This would be the third evaluation of the IEO and is expected to be concluded by mid-2018. The first and second external evaluations were commissioned and discussed by the IMF Executive Board in 2006 and 2013 respectively.

The external evaluators will be holding their first round of discussions in Washington, D.C. during the 2017 Annual Meetings. The panel is chaired byDonald Kaberuka and includes two other members: Der Jiun Chia and Pernilla Meyersson. Short biographical statements follow below:

Donald Kaberuka is currently a “Special Envoy: Financing the African Union and the Peace Fund,” appointed in early 2017. He was the seventh President of the African Development Bank and Chairman of the Board of Director served for two successive five year terms (2005–15). Prior to joining the African Development Bank, Dr. Kaberuka was Finance Minister of Rwanda for eight year (1997–2005) leading the economic team with the Government of Rwanda. In that capacity, he served as Governor for Rwanda for the International Monetary Fund and the World Bank.

Der Jiun Chia is the Assistant Managing Director of the Markets and Investment Group at the Monetary Authority of Singapore. He oversees the Monetary and Domestic Markets Management Department and the Reserves Management Department. Prior to this appointment, he headed the Banking, Macroeconomic Surveillance and Prudential Policy departments. From May 2011 to April 2013, he served as Southeast Asia’s Executive Director on the International Monetary Fund Executive Board.

Pernilla Meyersson is currently the acting chief of staff at the General Secretariat of the Sveriges Riksbank. In her career at the Sveriges Riksbank, she held a number of senior positions varying from Director of Communication (2006–12), head of the Financial Market Analysis Division (2004–06), among others. She was also a Member of the Euro system ESCB ECCO committee and the Chair of the FSPOS Communication committee. Prior to her assignment as acting chief of staff at the Sveriges Riksbank, Ms. Meyersson was the Alternate Executive Director in the Office of the Nordic Baltic Constituency at the IMF (2013–15).

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