## IMF Managing Director Christine Lagarde Names External Advisory Groups for the 2020 Comprehensive Surveillance Review

_IMF News, October 30, 2018_

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## Bibliographic details
- Published: October 30, 2018

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### Announcement and purpose
- Press Release No. 18/399 — October 30, 2018
- Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), announced the formation of two external advisory groups to inform the IMF’s 2020 Comprehensive Surveillance Review (CSR).
- The CSR seeks to explore the IMF’s effectiveness in monitoring global economic developments and delivering policy advice to its 189 member countries.
- The review will be forward-looking and framed by the global macro-financial environment and other secular trends, including digital technology.
- The review will guide the IMF’s operational priorities through 2025.

### Mandate and approach
- The CSR will:
  - Take account of strategic challenges and opportunities facing the IMF and its membership in ensuring sustained, balanced, and inclusive global growth.
  - Assess the Fund’s capabilities and how it can innovate and adapt to continue to provide value to members.
  - Position the Fund’s surveillance function against the backdrop of ongoing global technological transformation.
- The External Advisory Group on Surveillance will serve as an independent check on staff analysis and will make recommendations that will be set out in the CSR.
  - The Group will engage with Fund staff on the priorities and strategic direction of the review and subsequently inform emerging findings and staff’s preliminary recommendations.
  - The Group’s independent views will be communicated to the IMF Executive Board, which will ultimately establish the Fund’s surveillance priorities.
- The External Advisory Group on Digital Technology will:
  - Provide guidance on potential macro-economic consequences and policy implications from important technological trends that are underway.
  - Help the IMF develop new policy approaches in surveillance through the lens of technological change.
  - Communicate the Group’s independent views to the Executive Board.

### Members — External Advisory Group on Surveillance
- Mr. Mohamed A. El-Erian. Chief Economic Advisor, Allianz.
- Mr. Yiping Huang. Professor of Economics, National School of Development, Peking University.
- Mr. Dani Rodrik. Ford Foundation Professor of International Political Economy, John F. Kennedy School of Government, Harvard University.
- Ms. Ellen Johnson Sirleaf. Former President of Liberia. Joint winner of the 2011 Nobel Peace Prize.
- Ms. Gertrude Tumpel Gugerell. Emerita Consultant, Austrian Institute of Economic Research (WIFO).
- Mr. Rodrigo Valdes. Former Finance Minister of Chile. School of Government, Catholic University.
- Mr. Guntram Wolff. Director of Bruegel.

### Members — External Advisory Group on Digital Technology
- Ms. Diana Farrell. Founding President and CEO of the JPMorgan Chase Institute.
- Mr. Austan Goolsbee. Robert P. Gwinn Professor of Economics, the University of Chicago Booth School of Business.
- Mr. Svein Andresen. Former Secretary General, Financial Stability Board.
- Mr. Eric Xiandong Jing. Executive Chairman and CEO, Ant Financial Services Group.
- Mr. Timothy Murphy. General Counsel, Mastercard.
- Mr. Joshua Gans. Professor of Strategic Management and the Jeffrey S. Skoll Chair of Technical Innovation and Entrepreneurship, the Rotman School of Management, University of Toronto.

### Timeline and next steps
- The advisory groups for Surveillance and Digital Technology are expected to convene initially in November 2018.
- The CSR is expected to be concluded by Spring 2020.

*IMF press release — October 30, 2018*

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## References

- [Christine Lagarde](https://www.imf.org/en/About/senior-officials/Bios/christine-lagarde)
- [Chile and the IMF](http://www.imf.org/external/country/CHL/index.htm)
- [Liberia and the IMF](http://www.imf.org/external/country/LBR/index.htm)
- [IMF Surveillance -- A Factsheet](https://www.imf.org/en/about/factsheets/imf-surveillance)
- [Press Releases](https://www.imf.org/en/news/searchnews)
- [PRESS CENTER](http://presscenter.imf.org/)
- [https://www.imf.org/en/home](https://www.imf.org/en/home)

_Source: https://www.imf.org/en/news/articles/2018/10/30/pr18399-christine-lagarde-names-external-advisory-groups-for-2020-comprehensive-surveillance-review_