Implementation Plan in Response To The Board-Endorsed Recommendations From The IEO Evaluation Report On IMF Collaboration With The World Bank On Macro-Structural Issues

Policy Papers, October 12, 2021

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This Management Implementation Plan (MIP) focuses on further strengthening collaboration between the IMF and the World Bank on strategic macro-structural issues.
In macro-structural areas, the Fund and the Bank have complementary roles:
- The Bank provides structural and development-focused assessments and recommendations.
- The Fund focuses on integrating macro relevant structural issues in the macroeconomic frameworks and policies.
The MIP proposes concrete steps aimed at further enhancing:
- Bank-Fund collaboration on strategic macro-structural issues, with an initial focus on the climate workstream;
- Fund staff’s incentives for collaboration with external partners, including the Bank;
- Access to and exchange of information and knowledge between Bank and Fund staff.

Established collaboration modalities:
- Financial sector and public debt sustainability assessments are areas where Bank-Fund collaboration modalities are well established.
Areas requiring further development:
- Climate change: Fund staff is developing comprehensive strategies on how the IMF can step up its engagement and collaboration with external partners, including with the World Bank, to better serve its membership.