{
  "title": "Update on the Implementation Plan to Address the Recommendations of the 2022 Institutional Safeguards Review",
  "publication": "IMF News, December 21, 2023",
  "sourceUrl": "https://www.imf.org/en/news/articles/2023/12/21/pr23471-update-implementation-plan-address-recommendations-2022-institutional-safeguards-review",
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  "summary": "The International Monetary Fund has made substantial progress in advancing the Implementation Plan actions following the conclusion of the Institutional Safeguards Review (ISR).",
  "publishDate": "2023-12-21",
  "sections": [
    {
      "heading": "Key findings of the Institutional Safeguards Review (ISR)",
      "content": "- ISR was completed and discussed by the Executive Board in June 2022.\n- ISR concluded that the Fund’s safeguards mechanisms are generally robust in ensuring a high standard of institutional governance and analytical integrity.\n- ISR found that the Fund has a dispute resolution system comparable to the practices and procedures in other benchmarked organizations and provides multiple formal and informal mechanisms for employees to express workplace concerns.\n- ISR identified areas where the data and analytical integrity frameworks at the Fund could be bolstered.\n- ISR identified areas in which the smooth and effective functioning of the Fund’s system for internal disputes could be strengthened."
    },
    {
      "heading": "Implementation Plan (IP) — scope and development",
      "content": "- IP was developed drawing on the work undertaken by a Board Steering Group, Management, and staff.\n- IP outlines a set of actions and policy changes to effect durable change in the institution.\n- IP reflects a strong shared commitment of the Board and Management to durable institutional change.\n- IP envisaged substantial progress on most actions targeted for completion in 2023."
    },
    {
      "heading": "Progress reported (status as of the publication)",
      "content": "- As of December 21, 2023, 85 percent of the actions targeted for completion in 2023 have been completed or remain on track for completion.\n- IP roll-out is approaching the completion of a full year (year of roll-out implicit in the IP timeline).\n- The Office of Internal Audit (OIA) will conduct an independent assessment of the ISR implementation progress in 2024."
    },
    {
      "heading": "Communications and contact details",
      "content": "- Press Release No. 23/471\n- Date: December 21, 2023\n- IMF Communications Department, MEDIA RELATIONS\n- PRESS OFFICER: Pavis Devahasadin\n- Phone: +1 202 623-7100\n- Email: MEDIA@IMF.org\n- Twitter: @IMFSpokesperson\n\nInternational Monetary Fund press release dated December 21, 2023.\n\n---\n\n\n References\n\n- Press Releases\n- PRESS CENTER\n- Institutional Safeguards Review (ISR)\n- Executive Board in June 2022\n- PR22/438\n- Update on the Implementation Plan to Address the\nRecommendations of the 2022 Institutional Safeguards Review\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/news/articles/2023/12/21/pr23471-update-implementation-plan-address-recommendations-2022-institutional-safeguards-review"
    }
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    "Published: December 21, 2023",
    "ISR was completed and discussed by the Executive Board in June 2022.",
    "ISR concluded that the Fund’s safeguards mechanisms are generally robust in ensuring a high standard of institutional governance and analytical integrity.",
    "ISR found that the Fund has a dispute resolution system comparable to the practices and procedures in other benchmarked organizations and provides multiple formal and informal mechanisms for employees to express workplace concerns.",
    "ISR identified areas where the data and analytical integrity frameworks at the Fund could be bolstered.",
    "ISR identified areas in which the smooth and effective functioning of the Fund’s system for internal disputes could be strengthened.",
    "IP was developed drawing on the work undertaken by a Board Steering Group, Management, and staff.",
    "IP outlines a set of actions and policy changes to effect durable change in the institution.",
    "IP reflects a strong shared commitment of the Board and Management to durable institutional change.",
    "IP envisaged substantial progress on most actions targeted for completion in 2023.",
    "As of December 21, 2023, 85 percent of the actions targeted for completion in 2023 have been completed or remain on track for completion.",
    "IP roll-out is approaching the completion of a full year (year of roll-out implicit in the IP timeline).",
    "The Office of Internal Audit (OIA) will conduct an independent assessment of the ISR implementation progress in 2024.",
    "Press Release No. 23/471",
    "Date: December 21, 2023",
    "IMF Communications Department, MEDIA RELATIONS",
    "PRESS OFFICER: Pavis Devahasadin",
    "Phone: +1 202 623-7100",
    "Email: MEDIA@IMF.org",
    "Twitter: @IMFSpokesperson",
    "[Press Releases](https://www.imf.org/en/news/searchnews)",
    "[PRESS CENTER](http://presscenter.imf.org/)",
    "[Institutional Safeguards Review (ISR)](https://www.imf.org/en/Publications/Policy-Papers/Issues/2022/06/30/Review-of-Institutional-Safeguards-520219)",
    "[Executive Board in June 2022](https://www.imf.org/en/News/Articles/2022/06/29/pr22238-statement-by-the-imf-executive-board-and-management-on-the-institutional-safeguards-review)",
    "[PR22/438](https://www.imf.org/en/News/Articles/2022/12/16/pr22438-imf-endorses-implementation-plan-in-response-to-institutional-safeguards-review)",
    "[Update on the Implementation Plan to Address the",
    "[https://www.imf.org/en/home](https://www.imf.org/en/home)"
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