Implementation Plan in Response to Board-Endorsed Recommendations Arising from the IEO Evaluation of IMF Interactions with Member Countries
Policy Papers, December 17, 2010
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Bibliographic details
- Published: December 17, 2010
- Series: Policy Papers
Summary
- Presents a forward-looking implementation plan for Board-endorsed recommendations of the IEO Evaluation of IMF Interactions with Member Countries.
- Executive Directors welcomed the important insights into the effectiveness of IMF interactions, which are key to the Fund’s ability to achieve its goals.
- Directors broadly supported the need to:
- enhance the traction of Fund surveillance,
- improve the effectiveness of outreach,
- strengthen the management of interactions.
- Directors also “observed that the report covers principally the pre-crisis period, and significant progress has been made on several fronts since then.”
- The implementation plan focuses on points commanding broad support by the Executive Board and builds on existing plans and ongoing reform initiatives broadly aligned with the evaluation’s recommendations.
Major themes and focus of the plan
- Enhance traction of Fund surveillance:
- Emphasizes increasing the effectiveness and impact of bilateral and multilateral surveillance.
- Improve the effectiveness of outreach:
- Focus on communication and engagement strategies to strengthen outreach to Members and stakeholders.
- Strengthen management of interactions:
- Improve internal processes and governance related to IMF interactions with Member Countries.
- Alignment with existing initiatives:
- Builds on existing plans and ongoing reform initiatives that are broadly aligned with the IEO evaluation’s recommendations.
- Emphasis on broadly supported measures:
- Concentrates on points commanding broad support by the Executive Board rather than on recommendations lacking consensus.
Observations by Executive Directors
- Welcomed the IEO’s insights into effectiveness of IMF interactions.
- Noted that the evaluation “covers principally the pre-crisis period.”
- Acknowledged that “significant progress has been made on several fronts since then.”
Administrative and publication details
- Publication date: December 17, 2010
- Content type: Policy Paper / Implementation plan overview
Implementation Plan in Response to Board-Endorsed Recommendations Arising from the IEO Evaluation of IMF Interactions with Member Countries, December 17, 2010
Content in this bundle
- _052710a — Implementation Plan for IEO Evaluation Recommendations