Implementation Plan in Response to the Board-Endorsed Recommendations for the IEO Evaluation Report—"The IMF and Fragile States"
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- Implementation Plan in Response to the Board-Endorsed Recommendations for the IEO Evaluation Report—"The IMF and Fragile States"
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- Published: October 4, 2018
Overview
- Management implementation plan (MIP) to advance the Board-endorsed recommendations of the IEO evaluation "The IMF and Fragile States".
- Actions have resource implications: some can be covered by reallocating resources or are already in the Work Program; others may require temporary funding; a review of staffing allocations to countries in fragile and conflict situations (FCS) might call for new permanent resources.
- Actions are broad in scope and intended to be self-reinforcing if adopted as a package.
- A Management statement underscoring a strengthened institutional commitment to support FCS will accompany the MIP for Executive Board and IMFC endorsement.
Institutional mechanism
- Establish a high-level interdepartmental FCS Committee that:
- Reports to and seeks guidance in a formal meeting with management twice a year.
- Is tasked to analyze internal and external coordination issues in FCS and propose new ways to strengthen engagement.
- Create an interdepartmental Technical Taskforce to support the Committee and report on progress in implementing this MIP.
- Deliverable: Board paper on Review of FCS Engagement at end-2020.
Country engagement strategies
- FCS teams will develop country engagement strategies that:
- Draw on relevant external expertise.
- Explicitly allow for the social and political context and the factors underpinning fragility.
- Lay the basis for full integration of capacity development (CD) with surveillance and lending.
Providing more sustained financial support
- Staff is reviewing the lending toolkit for low-income countries to provide more tailored and flexible support, including for FCS, while ensuring uniformity of treatment.
- Staff will report on efforts to support FCS with protracted arrears to the Fund in the upcoming reviews of overdue financial obligations.
Practical steps to increase the impact of Capacity Development (CD) support
- Measures already in train will be complemented by the forthcoming Capacity Development (CD) Strategy Review’s assessment of initiatives to better integrate CD and Surveillance, including in FCS.
- Staff will review the experience with provision of statistical and financial CD in FCS.
- Consideration will be given to establishing a FCS multi-donor trust fund or another suitable financing vehicle to address unmet needs for long-term experts.
Human Resources (HR) issues
- The forthcoming phase of the HR Strategy will examine strategic workforce and career planning, including recruitment.
- Actions to ensure appropriate staff expertise and experience to work effectively in fragile states will be considered, including:
- Introduction of a "career" playbook that provides incentives for staff to be more responsive to the needs of the Fund in FCS.
- Review of adequacy of staffing allocations to FCS missions to ensure evenhanded treatment of the membership.
- Stepped-up staff training on FCS.
Implementation Plan in Response to the Board-Endorsed Recommendations for the IEO Evaluation Report—"The IMF and Fragile States", October 4, 2018.
Content in this bundle
- Executive Summary