The Acting Chair’s Summing Up - Independent Evaluation Office—Self Evaluation at the IMF—An IEO Assessment - Executive Board Meeting 15/89 - September 18, 2015

Policy Papers ◽  
2015 ◽  
Vol 2015 (57) ◽  
Author(s):  
Keyword(s):  
Resource Constraints ◽  
Executive Directors ◽  
Board Meeting ◽  
Executive Board ◽  
High Quality ◽  
Self Evaluation ◽  
Independent Evaluation ◽  
Self Assessments ◽  
Over Time ◽  
The Imf

Executive Directors welcomed the report by the Independent Evaluation Office (IEO) on self-evaluation at the IMF, the accompanying statement on the report by the Managing Director, and the IEO’s response. They were encouraged by the report’s findings that there is considerable self-evaluation at the IMF; that such self-evaluation is generally of high quality; and that it contributes usefully to reforms in policies and operations. At the same time, they also noted the finding that there are gaps and weaknesses in the Fund’s self-evaluation. Against this background, Directors considered the recommendations of the report to adopt an overall policy for self-evaluation; conduct self-assessments for every IMF-supported program; explicitly set out a plan for how policies and operations will be self-evaluated; and better disseminate lessons from self-evaluation. In this context, many Directors supported strengthening the current mechanisms for self-evaluation. More broadly, Directors agreed on the importance of having a clearly articulated approach to self-evaluation that builds on current processes, takes due account of resource constraints, and adapts over time to changing circumstances. Directors also concurred on the need to better disseminate lessons from self-evaluation. The implementation plan would be a first opportunity to reflect on how best to carry these considerations forward.

Statement by the Managing Director on the Independent Evaluation Office Report on Self-Evaluation at the IMF - An IEO Assessment - Executive Board Meeting - September 18, 2015

Policy Papers ◽  
2015 ◽  
Vol 2015 (14) ◽  
Author(s):  
Keyword(s):  
Value Added ◽  
Institutional Framework ◽  
Board Meeting ◽  
Executive Board ◽  
Self Assessment ◽  
Self Evaluation ◽  
Independent Evaluation ◽  
Ex Ante ◽  
Thematic Review ◽  
Over Time

The thrust of the report’s recommendations to strengthen the institutional framework for self-evaluation, adapt it over time to changing circumstances, and better disseminate lessons from self-evaluation are well taken. I believe, however, that there is considerable scope to address these recommendations by refining and building on existing processes and initiatives already underway rather than by introducing substantial new architecture. I see limited value added relative to the costs in following through with the report’s two other key recommendations; namely, to conduct self-assessment for every IMF-supported program and to set out plans ex ante to self-evaluate every policy and thematic review.

The Chairman’s Summing Up - The IMF and the Crises in Greece, Ireland, and Portugal - An Evaluation by the Independent Evaluation Office - Executive Board Meeting 16/69 - July 19, 2016

Policy Papers ◽  
2016 ◽  
Vol 16 (44) ◽  
Author(s):  
Keyword(s):  
Vital Role ◽  
Learning Culture ◽  
Executive Directors ◽  
Currency Unions ◽  
Board Meeting ◽  
Executive Board ◽  
Independent Evaluation ◽  
General Thrust ◽  
The Imf

Executive Directors welcomed the report by the Independent Evaluation Office (IEO) on the IMF and the Crises in Greece, Ireland, and Portugal, and appreciated the accompanying statement by the Managing Director. They agreed that the report’s findings provide valuable insights and lessons for handling crises in members of currency unions. Directors underscored that the work of the IEO continues to play a vital role in enhancing the learning culture within the Fund, strengthening the Fund’s external credibility, and supporting the Executive Board’s oversight responsibilities. Directors broadly shared the general thrust of the IEO’s main findings and broadly endorsed its recommendations, with some caveats.

Progress Report on the Activities of the Independent Evaluation Office

Policy Papers ◽  
2011 ◽  
Vol 2011 (73) ◽  
Author(s):  
Keyword(s):  
Progress Report ◽  
International Reserves ◽  
Learning From Experience ◽  
Executive Board ◽  
Evaluation Systems ◽  
Self Evaluation ◽  
Public Comment ◽  
Independent Evaluation ◽  
The Imf

Since its last report to the IMFC in April 2011, the Independent Evaluation Office (IEO) completed the evaluation of Research at the IMF: Relevance and Utilization. The IEO continues its work on the evaluations of “International Reserves: IMF Advice and Country Perspectives” and of “The Role of the IMF as Trusted Advisor,” announced last spring. Draft issues papers on these two evaluations, as well as on a new study, “Learning from Experience at the IMF: An IEO Assessment of Self-Evaluation Systems,” were circulated to the Executive Board and posted on the IEO website for public comment.

Progress Report on the Activities of the Independent Evaluation Office

Policy Papers ◽  
2012 ◽  
Vol 2012 (1) ◽  
Author(s):  
Keyword(s):  
Progress Report ◽  
International Reserves ◽  
Learning From Experience ◽  
Executive Board ◽  
Evaluation Systems ◽  
Work Program ◽  
Self Evaluation ◽  
Independent Evaluation ◽  
The Imf

This report summarizes the activities of the Independent Evaluation Office (IEO) since the 2011 Annual Meetings. In this period, the IEO has advanced work on three ongoing evaluations: International Reserves: IMF Advice and Country Perspectives, The Role of the IMF as Trusted Advisor, and Learning from Experience at the IMF: An IEO Assessment of Self-Evaluation Systems. The IEO expects to submit these evaluations to the Executive Board over the course of the year. The IEO has begun consultations on topics for future evaluations and will present a tentative work program to the Executive Board for review in due course.

Statement by the Managing Director on the Independent Evaluation Office’s Report on the IMF and the Crises in Greece, Ireland, and Portugal - An Evaluation by the Independent Evaluation Office - Executive Board Meeting - July 19, 2016

Policy Papers ◽  
2016 ◽  
Vol 16 (30) ◽  
Author(s):  
Keyword(s):  
Euro Area ◽  
Vital Role ◽  
Learning Culture ◽  
Board Meeting ◽  
Executive Board ◽  
Institutional Governance ◽  
Independent Evaluation ◽  
The Imf

I welcome the report of the Independent Evaluation Office (IEO) on the Euro Area crisis programs. Their work provides an independent and in-depth account, which I have no doubt will make an important contribution to understanding the Fund’s approach to the crisis. As I have emphasized repeatedly, the IEO plays a vital role in enhancing the learning culture within the Fund, strengthening the Fund's external credibility, and supporting the Executive Board's institutional governance and oversight responsibilities.

Progress Report on the Activities of the Independent Evaluation Office

Policy Papers ◽  
2013 ◽  
Vol 2013 (28) ◽  
Author(s):  
Keyword(s):  
Global Financial Crisis ◽  
Progress Report ◽  
External Evaluation ◽  
Executive Board ◽  
Self Evaluation ◽  
Independent Evaluation ◽  
The Global Financial Crisis ◽  
Ongoing Assessment ◽  
The Imf

Since October 2012, the Executive Board has discussed two IEO evaluation reports, International Reserves—IMF Concerns and Country Perspectives on December 7, 2012, and The Role of the IMF as Trusted Advisor on February 1, 2013. The Board also discussed the External Evaluation of the IEO on March 21, 2013. In addition, the IEO advanced work on the ongoing “Assessment of Self-Evaluation in the IMF,” which will go forward to the Executive Board in coming months. Following consultations on possible topics, the IEO has also initiated evaluations on IMF forecasting, country statistics, and the IMF’s response to the global financial crisis.

High Level Status Report to the IEO Evaluation of Fund's Recurring Issues

Policy Papers ◽  
2017 ◽  
Vol 17 (12) ◽  
Author(s):  
Keyword(s):  
Status Report ◽  
External Evaluation ◽  
Executive Board ◽  
Implementation Plan ◽  
Evaluation Committee ◽  
Independent Evaluation ◽  
The Status ◽  
High Level ◽  
The Imf

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.

Gender Diversity in the Executive Board - Draft Report of the Executive Board to the Board of Governors

Policy Papers ◽  
2016 ◽  
Vol 16 (65) ◽  
Author(s):  
Keyword(s):  
Gender Diversity ◽  
Executive Directors ◽  
Executive Board ◽  
High Quality ◽  
Draft Report ◽  
Board Of Governors ◽  
Gender And Education

The Report reflects discussion among Executive Directors on June 7, 2016 and responds to the April 16, 2016 Communique of the Thirty-Third Meeting of the IMFC which stated that “We reiterate the importance of maintaining the high quality and improving the regional, gender, and education diversity of the IMF’s staff, and of promoting gender diversity in the Executive Board.”

Progress Report to the International Monetary and Financial Committee on the Activities of the Independent Evaluation Office of the IMF

Policy Papers ◽  
2016 ◽  
Vol 2016 (26) ◽  
Author(s):  
Keyword(s):  
Progress Report ◽  
Executive Board ◽  
Independent Evaluation ◽  
The Imf

This report summarizes the outcome of the IEO’s evaluation of The IMF and the Crises in Greece, Ireland, and Portugal, discussed by the Executive Board on July 19, 2016, and reports on recent follow-up and ongoing IEO work.

Progress Report on the Activities of the Independent Evaluation Office

Policy Papers ◽  
2011 ◽  
Vol 2011 (57) ◽  
Author(s):  
Keyword(s):  
Economic Crisis ◽  
Progress Report ◽  
Executive Board ◽  
Independent Evaluation ◽  
Run Up ◽  
The Imf

Since its last report in October 2010, the Independent Evaluation Office (IEO) has completed its evaluation of IMF Performance in the Run-Up to the Financial and Economic Crisis: IMF Surveillance in 2004–07 and has begun work on two new evaluations. The IEO expects to submit its evaluation of Research at the IMF: Relevance and Utilization to the Executive Board shortly.

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