Update on the IMF's Institutional Safeguards Review

IMF News, April 1, 2022

Source details

Considerable progress has been made on the previously announced review of the International Monetary Fund’s institutional safeguards.
Staff Working Groups (SWGs) have continued to advance work on:
- the Fund’s internal governance and staff voice; and
- data and analysis integrity.
The External and Independent Panel of High Level Experts, led by Jens Weidmann, has advanced its assessment of the Fund’s Dispute Resolution System and recommendations to strengthen institutional safeguards.
A Steering Group of the IMF’s Executive Board has been actively following and providing input, including by holding regular discussions with the SWGs.
The Steering Group met with the External Panel, which provided an update on its progress to date.

The External Panel is working on its final evaluation.
To ensure a careful and thorough process, the timeline for the review has been somewhat extended:
- the entire suite of reports is expected to be finalized towards end-April; and
- the Executive Board is slated to meet to consider the review towards end-May 2022.

Staff Working Groups (SWGs): advance internal governance, staff voice, and data and analysis integrity workstreams.
External and Independent Panel of High Level Experts (led by Jens Weidmann): assess the Dispute Resolution System and formulate recommendations to strengthen institutional safeguards.
Steering Group of the IMF’s Executive Board: provide oversight, input, and hold regular discussions with SWGs; engage with the External Panel.

Source: Update on the IMF's Institutional Safeguards Review — Press Release No. 22103, April 1, 2022.