Evenhandedness of Fund Surveillance - Principles and Mechanism for Addressing Concerns

Policy Papers, January 27, 2016

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Evenhandedness of the Fund’s analysis and advice is critical to the effectiveness of its engagement with member countries.
Both actual and perceived lack of evenhandedness can be detrimental to the Fund’s credibility and legitimacy.
Perceptions of evenhandedness often reflect views about the full range of Fund activities, with Fund surveillance an important contributor to perceptions.
The consistency of the Fund’s analysis and advice will likely be scrutinized more closely in an interconnected world.

Evenhandedness underpins the Fund’s credibility and legitimacy in engagements with member countries.
Perceptions (not only reality) of uneven treatment can harm the Fund’s effectiveness.

Fund surveillance is a key contributor to member and public perceptions of evenhandedness.
Consistency in analysis and advice across bilateral and multilateral surveillance is central to maintaining perceived evenhandedness.

Both actual and perceived lack of evenhandedness pose risks to:
- The Fund’s credibility.
- The Fund’s legitimacy.
- The effectiveness of engagement with member countries.
An interconnected world increases scrutiny of the consistency of the Fund’s analysis and advice.

Published January 27, 2016 — Evenhandedness of the Fund Surveillance - Principles and Mechanism for Addressing Concerns

_012716 - Executive Summary
- _012716 - Executive Summary (Markdown version)
- _012716 - Executive Summary (PDF)