UID:
edoccha_9960178483702883
Format:
1 online resource (20 pages).
ISBN:
1-4983-8759-4
Series Statement:
Policy Papers ; Policy Paper No.17/012
Content:
This is a high-level report on progress in addressing recurring issues identified by the Independent Evaluation Office (IEO). The Board endorsed the proposal in the Chairman's Summing Up for the Independent Evaluation Office Report on Recurring Issues from a Decade of Evaluation - Lessons for the IMF (BUFF/14/58, 6/11/14) that staff prepare a separate high-level report on the status of initiatives that address the recurring issues identified by the IEO, noting that the first staff report could be prepared within two years, followed by similar reports every five years thereafter. The September 2015 Management Implementation Plan set out the actions management would take to follow-up on the Board-endorsed recommendation. The IEO's 2014 evaluation of Recurring Issues from a Decade of Evaluation: Lessons for the IMF identified five recurring issues: a. Executive Board guidance and oversight; b. Organizational silos; c. Attention to risks and uncertainty; d. Country and institutional context; and e. Evenhandedness. This high-level report provides a broad account of actions taken to address these recurring issues since the publication of the 2014 IEO report; it is not intended as an exhaustive account of initiatives undertaken.Takeaways. The report concludes that the Fund has made progress in addressing the recurring issues identified by the IEO, and acknowledges the need for taking actions on an ongoing basis to achieve the related objectives. The discussion of the Management Implementation Plan (MIP) left open the question of whether subsequent reports should be prepared, perhaps every five years. The Evaluation Committee concluded that the forthcoming external evaluation of the IEO could look at the monitoring mechanisms more holistically, to provide further input into considering whether or not to continue the preparation every five years of this high-level report.
Note:
Contents -- Acronyms and Abbreviations -- INTRODUCTION -- PROGRESS IN ADDRESSING THE RECURRING ISSUES IDENTIFIED BY THE 2014 IEO EVALUATION -- A. Executive Board Guidance and Oversight -- B. Organizational Silos -- C. Attention to Risks and Uncertainty -- D. Country and Institutional Context -- E. Evenhandedness -- BOX -- 1. Operationalizing the Work on Emerging Macro-Critical Issues -- References -- Acronyms and Abbreviations -- EMDCs -- Emerging Market and Developing Countries -- FAD Fiscal Affairs Department -- FRC Fund Risk Committee -- FSAP Financial Sector Assessment Program -- FSSA Financial System Stability Assessment -- GFS Government Finance Statistics -- G-RAM Global Risk Assessment Matrix -- HRD Human Resources Development -- ICD Institute for Capacity Development -- IEO Independent Evaluation Office -- IET Internal Economics Training -- IMF International Monetary Fund -- LEG Legal Department -- LICs Low-Income Countries -- MCM Monetary and Capital Markets -- MIP Management Implementation Plan -- PPM Post Program Monitoring -- PRGT Poverty Reduction and Growth Trust -- RAM Risk Assessment Matrix -- RES Research Department -- RMU Risk Management Unit -- SDN Staff Discussion Note -- TA Technical Assistance -- VE Vulnerability Exercise -- WEO World Economic Outlook.
Additional Edition:
ISBN 1-4983-4704-5
Language:
English
