The Independent Evaluation Office (IEO) was established by the Executive Board of the IMF in July 2001 to provide objective and independent evaluation on issues related to the IMF. The office operates independently of IMF management and at arm’s length from the Executive Board. Its terms of reference emphasize the objectives of enhancing the learning culture within the IMF, strengthening the IMF’s external credibility, promoting greater understanding of the work of the IMF throughout its membership, and supporting the Executive Board’s institutional governance and oversight responsibilities.
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