International Monetary Fund. External Relations Dept.
Economic policy oversight—in IMF parlance, “surveillance”—is a key responsibility of the institution and of its member countries. The challenge for the IMF, particularly over the past decade, has been to ensure that its surveillance remains effective and in step with the dramatic changes taking place in the world economy. Every two years, the IMF undertakes a review of its surveillance. John Hicklin, a Senior Advisor in the IMF’s Policy Development and Review Department, talked with the IMF Survey about the results of the most recent biennial review.
This report, commissioned by the Executive Board, was prepared by a committee of academic economists. The report assesses the appropriateness of current research activities, the quality and added value of the IMF's economic research and its utility in the IMF among its member countries and within the wider economics community. This publication also includes responses to the report by the IMF's staff, Managing Director, and Executive Board.