Abstract

1. We welcome this first report of the Independent Evaluation Office (IEO), and would like to express our appreciation for the extensive work that has gone into it.1 The high standard of the report shows that this office should make a major contribution in improving the Fund’s work. We are in general agreement with many of the report’s findings, and plan to conduct an internal review of how we utilize a number of recent policy initiatives to address the problems identified in the report.