IMF Executive Board Concludes the Fifteenth Periodic Monitoring Report on the Status of Management Implementation Plans in response to Board-Endorsed IEO Recommendations
IMF News, November 19, 2025
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- Published: November 19, 2025
Overview
- Press Release No. 25/382; November 19, 2025.
- Board meeting held on November 12, 2025.
- The Fifteenth Periodic Monitoring Report (PMR) assesses the Status of Management Implementation Plans (MIPs) in Response to Board-Endorsed Independent Evaluation Office (IEO) Recommendations.
- Since being instituted in January 2007, the PMR has reported on the status of implementation of Board-endorsed IEO recommendations.
Scope of the Fifteenth PMR
- Assessed progress over the past year on 48 actions contained in 11 MIPs.
- Included one new MIP issued in response to an IEO evaluation issued after the Fourteenth PMR.
Key Findings and Implementation Metrics
- Substantial progress has been made with the implementation of management actions despite persistent work pressures.
- Closure of 24 actions, corresponding to a 50 percent implementation rate for this PMR cycle.
- Comparative metrics:
- Previous PMR implementation rate: 54 percent.
- Average implementation rate over the last seven PMR monitoring cycles: 35 percent per year.
- Implementation was particularly faster on actions envisaged in more recent MIPs, including:
- MIP in response to the IEO Evaluation on the IMF’s Emergency Response to the COVID-19 Pandemic.
- MIP in response to the IEO Evaluation on IMF Engagement with Small Developing States.
Actions to be Retired from PMR Monitoring
- Four MIPs will be retired from PMR monitoring after the current cycle:
- IMF Collaboration with the World Bank on Macro-structural Issues.
- Behind the Scenes with Data at the IMF.
- The Role of the IMF as Trusted Advisor.
- The Board Categorization of Open Actions in Management Implementation Plans.
Frameworks and Process Strengthening
- The prototype slippages framework has been formally adopted.
- The framework is anchored in the Fund’s Enterprise Risk Management Framework (ERM) and utilizes ERM tools and processes.
- This slippages framework, together with the Framework to Address Open Management Actions in Response to Board-endorsed IEO Recommendations approved in 2019, will further strengthen the evaluation follow-up process.
Executive Board Assessment — Summary of Directors’ Views
- Directors broadly endorsed the assessment contained in the PMR.
- Appreciation for the pace of implementation, noting it is comparable to the last PMR and much higher than the seven-cycle average.
- Recognition that action plans are integrated into ongoing workstreams and reviews, and that implemented actions balance strategic and operational objectives.
- Noted areas requiring continued attention or further work:
- Concerns about whether the new mission chief and country team tenure metric sufficiently address continuity and tailored advice, particularly for FCS and SDS.
- Emphasis that sufficiently long tenures are vital for fostering trust and providing effective, country-specific support.
- Need for continued progress in budget reporting to support strategic decision making and prioritization by the Board.
- Encouragement of continued efforts to enhance collaboration with the World Bank on macro-structural issues.
- Requests to revisit, when resources allow, the decision not to publish indices on CFMs raised by some Directors.
- Concerns from a number of Directors regarding the retired action on the share of underrepresented nationals and women at senior levels; they underscored the need for follow up across other workstreams to ensure successful achievement of diversity targets.
- Overdue actions:
- Directors noted progress made over the past year on overdue actions, and that over half of them are newly overdue.
- Stressed that continued prioritization of implementation efforts will be key to maintaining the high pace of implementation in an environment characterized by elevated workloads and multiple demands on Fund staff.
- Encouraged timely completion of overdue actions linked to the Capacity Development Guidance Note and the Review of Conditionality.
- Emphasized the need to ensure that the reformulated overdue action on social protection achieves the objective of effectively guiding the Fund’s involvement in this area.
- Directors welcomed the proposal to implement permanently the prototype slippages framework anchored in the ERM framework and utilizing ERM tools and processes.
Contact for Media
- IMF Communications Department, MEDIA RELATIONS
- PRESS OFFICER: Angham Al Shami
- Phone: +1 202 623-7100
- Email: MEDIA@IMF.org
- @IMFSpokesperson
Press Release No. 25/382; International Monetary Fund; November 19, 2025.