Under the IEO’s terms of reference, the Director of the IEO makes a final decision on the work program following consultations with Executive Directors, management, and staff, as well as with informed and interested parties outside the IMF. In April 2006, the IEO circulated to the Board and published on its website a list of 23 possible topics for evaluation that had been elaborated in consultation with various stake-holders.1 Feedback was sought and received from many quarters on both the substance of the suggestions and on priorities of timing. Subsequently in July, the Director identified four additional projects to be added to the IEO work program. The selection reflected many factors, including judgment on overall importance, the balance of issues, and appropriate timing, as well as the degree of public criticism. In particular, IEO priorities, as well as timing, are significantly affected by the fact that several topics are now being reviewed in other contexts.
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