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Abstract
Under the framework established following the 2006 external evaluation of the IEO, responsibility for follow-up on IEO evaluations was assigned to IMF Management. The IEO’s informal role has primarily been to assist the Executive Board to oversee this process, mostly by providing information. The process involves two main instruments: Management Implementation Plans (MIPs) and Periodic Monitoring Reports (PMRs). IMF Management is expected, soon after the Executive Board discussion of an IEO evaluation report, to present to the Board for its approval a forward-looking MIP to implement evaluation recommendations endorsed by the Board. The implementation status (and any necessary remedial or substitute actions) are then to be summarized in an annual PMR, until recently prepared by IMF staff, for Board review and assessment.
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