{
  "title": "Statement by the Managing Director on the Management Implementation Plan for the IEO Report on the Fund's Performance in the Run-Up to the Crisis",
  "publication": "Policy Papers, May 25, 2012",
  "sourceUrl": "https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/statement-by-the-managing-director-on-the-management-implementation-plan-for-the-ieo-report-pp4658",
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  "summary": "The Management Implementation Plan puts forward a range of measures crucial to strengthening surveillance, carefully drawing on the IEO’s report and on the Triennial Surveillance Review (TSR).",
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      "heading": "Overview and purpose",
      "content": "- The Management Implementation Plan puts forward a range of measures crucial to strengthening surveillance, carefully drawing on the IEO’s report and on the Triennial Surveillance Review (TSR).\n- Stronger surveillance cannot be cast simply in terms of technical processes (for example, better data, risk assessments, macro-financial integration, or messaging); institutional culture and how daily work is conducted must also be addressed.\n- The Managing Director focuses on two central aspects: (1) breaking down silos; and (2) promoting diverse views/candor.\n- Management has implemented a set of initiatives over the past nine months, with initial results reviewed and a proposed way forward for remaining tasks."
    },
    {
      "heading": "Key findings and themes",
      "content": "- Surveillance strengthening requires both technical improvements and cultural/institutional change.\n- Two priority themes identified:\n  - Breaking down silos across the institution.\n  - Promoting diverse views and greater candor in analysis and advice.\n- Management has taken concrete initiatives in response to the IEO report and the TSR, implemented over a nine-month period, yielding initial outcomes to be built upon."
    },
    {
      "heading": "Initiatives and initial results (as described)",
      "content": "- Management team implemented initiatives over the past nine months aimed at:\n  - Enhancing cross-unit collaboration to reduce silo effects.\n  - Encouraging diverse perspectives and candid discussion in surveillance work.\n- The statement reviews initial results from these initiatives and proposes next steps to complete the reform agenda."
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      "heading": "Contextual and related institutional information",
      "content": "- Date of statement: May 25, 2012.\n- Subjects covered in the publication metadata: Corporate governance, Fund organizational changes, Independent Evaluation Office, Managing Director reports, Staff mobility, Staff recruitment.\n- IMF eLibrary note: Our eLibrary offers over 25,000 IMF publications in multiple formats.\n\nStatement by the Managing Director on the Management Implementation Plan for the IEO Report on the Fund's Performance in the Run-Up to the Crisis, May 25, 2012\n\n---\n\n Content in this bundle\n\n- 052512\n  - 052512 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 052512 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/statement-by-the-managing-director-on-the-management-implementation-plan-for-the-ieo-report-pp4658"
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    "Published: May 25, 2012",
    "Series: Policy Papers",
    "The Management Implementation Plan puts forward a range of measures crucial to strengthening surveillance, carefully drawing on the IEO’s report and on the Triennial Surveillance Review (TSR).",
    "Stronger surveillance cannot be cast simply in terms of technical processes (for example, better data, risk assessments, macro-financial integration, or messaging); institutional culture and how daily work is conducted must also be addressed.",
    "The Managing Director focuses on two central aspects: (1) breaking down silos; and (2) promoting diverse views/candor.",
    "Management has implemented a set of initiatives over the past nine months, with initial results reviewed and a proposed way forward for remaining tasks.",
    "Surveillance strengthening requires both technical improvements and cultural/institutional change.",
    "Two priority themes identified:",
    "Management has taken concrete initiatives in response to the IEO report and the TSR, implemented over a nine-month period, yielding initial outcomes to be built upon.",
    "Management team implemented initiatives over the past nine months aimed at:",
    "The statement reviews initial results from these initiatives and proposes next steps to complete the reform agenda.",
    "Date of statement: May 25, 2012.",
    "Subjects covered in the publication metadata: Corporate governance, Fund organizational changes, Independent Evaluation Office, Managing Director reports, Staff mobility, Staff recruitment.",
    "IMF eLibrary note: Our eLibrary offers over 25,000 IMF publications in multiple formats.",
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