International Monetary Fund. Independent Evaluation Office
This report seeks to help the IMF enhance its effectiveness by identifying major recurring issues from the IEO’s first 20 evaluations and assessing where they stand. The IMF’s core areas of responsibility are surveillance, lending, and capacity development. The aim of this report is to strengthen the follow-up process by focusing on key issues that recurred in IEO evaluations, rather than on specific recommendations on their implementation. The IEO believes that a framework of reviewing and monitoring recurring issues would be useful in establishing incentives for progress, strengthening the Board’s oversight, and providing learning opportunities for the IMF.
This paper reviews key findings of the IMF’s Annual Report for the fiscal year ended April 30, 1959. The report highlights that the year that ended on April 30, 1959, stands out not only because of the marked changes that occurred in general business activity and in the international flow of funds, but also because important steps were taken to consolidate the monetary improvements achieved since the war and to strengthen the financial structure of the world economy.