Implementation Plan in Response to the Board-Endorsed Recommendations from the IEO Evaluation Report on IMF Advice on Unconventional Monetary Policies

Policy Papers, May 22, 2020

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This Management Implementation Plan was prepared before COVID-19 became a global pandemic and resulted in unprecedented strains in global trade, commodity and financial markets.
The actions in the plan and their timeline, therefore, do not reflect the implications of these developments and related policy priorities.
This MIP includes a package of self-reinforcing actions that aim to:
- Strengthen in-house expertise on monetary policy
- Deepen the work on UMP and related policies
- Further strengthen financial spillover analysis
- Explore ways to enhance the Fund’s traction

Strengthen in-house expertise on monetary policy.
Deepen analytical and policy work on Unconventional Monetary Policies (UMP) and related policies.
Further strengthen analysis of financial spillovers.
Explore institutional and operational ways to enhance the Fund’s traction in member countries and global fora.