IEO Evaluation Report on the IMF's Approach to Capital Account Liberalization 2005
Independent Evaluation Office Reports, August 9, 2005
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- IEO Evaluation Report on the IMF's Approach to Capital Account Liberalization 2005
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Bibliographic details
- Published: August 9, 2005
- Series: Independent Evaluation Office Reports
- DOI: https://doi.org/10.5089/9781589064157.017
Evaluation scope and purpose
- Drawing on evidence from a sample of emerging market economies over the period 1990-2004, the evaluation report reviews the IMF’s approach to capital account liberalization and related issues.
- The evaluation seeks to contribute to transparency by documenting what in practice has been the IMF's approach to these issues.
- The evaluation aims to identify areas where the IMF’s instruments and operating methods might be improved, in order to deal with these issues more effectively.
Core themes and analytical focus
- Assessment of the IMF’s policies and operational practice on capital account liberalization and capital controls.
- Examination of IMF surveillance and country work relating to capital flows, capital inflows, and balance of payments issues.
- Consideration of the IMF’s learning culture and how it informs policy advice on liberalization across regions including Africa, East Asia, and Sub-Saharan Africa.
Key findings (as summarized)
- The report documents the IMF’s practical approach to capital account liberalization over the reviewed period.
- It identifies areas where IMF instruments and operating methods could be improved to enhance effectiveness in addressing capital account issues.