Abstract

Following the 2006 External Evaluation of the IEO, the IMF adopted a framework for follow-up on IEO evaluations. The main components of the follow up process are the Management Implementation Plans (MIPs) and the Periodic Monitoring Reports (PMRs). Soon after the Executive Board discussion of an IEO evaluation report, IMF Management is expected to present to the Board for its approval a forward-looking MIP laying out the actions intended in response to evaluation recommendations endorsed by the Board. The implementation status and any necessary remedial or substitute actions are then to be summarized in an annual Periodic Monitoring Report for Board consideration. From 2007–12, PMRs were prepared by the Strategy, Policy, and Review Department. As recommended by the 2013 External Evaluation of the IEO, in 2014 the IMF shifted responsibility for preparation of PMRs to the Office of Internal Audit and Inspection. The IEO historically has played an informal role by advising the Executive Board during the follow-up process.