Implementation Plan in Response to the Board-Endorsed Recommendations for the IEO Evaluation Report of IMF Response to the Financial and Economic Crisis
Policy Papers, December 7, 2015
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- Implementation Plan in Response to the Board-Endorsed Recommendations for the IEO Evaluation Report of IMF Response to the Financial and Economic Crisis
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Bibliographic details
- Published: December 7, 2015
- Series: Policy Papers
Purpose and scope
- Sets out Management’s response to the Independent Evaluation Office’s (IEO) evaluation of IMF Response to the Financial and Economic Crisis.
- Proposes specific actions focused on the three of the four IEO recommendations that received broad support from the Executive Board.
Board-endorsed recommendations addressed
- (i) ensuring that the IMF as a quota-based institution has sufficient resources to contribute to future crisis resolution;
- (ii) developing guidelines for structuring engagements with other organizations;
- (iii) consolidating and simplifying the current framework to identify and assess risks and vulnerabilities.
Implementation actions and linkages
- Some proposed actions are already underway as part of:
- the 2014 Triennial Surveillance Report (TSR) Action Plan;
- the FY2016–18 Medium-Term Budget;
- the ongoing efforts to ratify the 2010 Quota and Governance Reforms.
- The paper explains how implementation will be monitored.
Key themes and policy implications
- Resource adequacy: focus on ensuring the IMF, as a quota-based institution, has sufficient resources to contribute to future crisis resolution.
- Multilateral engagement: development of guidelines to structure engagements and collaborations with other organizations.
- Risk framework reform: consolidation and simplification of the current framework used to identify and assess risks and vulnerabilities.
Metadata and publication
- Publication date: December 7, 2015
- Format: Policy Paper (web landing page)
- Related subjects: Collaboration with other international organizations; Corporate governance; Fifteenth General Review of Quotas; Financial crisis; Independent Evaluation Office; New Arrangements to Borrow; Risk management; Surveillance
Implementation Plan in Response to the Board-Endorsed Recommendations for the IEO Evaluation Report of IMF Response to the Financial and Economic Crisis, December 7, 2015
Content in this bundle
- Policy Paper