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Mr. Rabah Arezki, Gregoire Rota-Graziosi, and Lemma W. Senbet

For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly magazine brings you in-depth analyses of these and other subjects by the IMF’s own staff as well as by prominent international experts. Articles are written for lay readers who want to enrich their understanding of the workings of the global economy and the policies and activities of the IMF.

International Monetary Fund. Independent Evaluation Office

Abstract

1. This evaluation examines the research produced at the IMF between 1999 and 2008.1 It focuses on the relevance and utilization of the research, particularly as seen by authorities in member countries, and also examines technical quality and the management of research activities. The evaluation identifies ways to improve the relevance, quality, and management of IMF research. Research is defined broadly to capture most analytical publications of the IMF, ranging from surveillance-oriented output—such as selected issues papers (SIPs) prepared for Article IV consultations and the analytical chapters of the World Economic Outlook (WEO) and Global Financial Stability Report (GFSR)—to more academically-oriented output—such as working papers (WPs) and external journal publications. During the evaluation period these outputs comprised a large body of research, about 650 publications annually, at a cost of about 10 percent of the IMF budget.

International Monetary Fund. Independent Evaluation Office

Abstract

6. This chapter lists the IMF product lines considered to be part of research for the purpose of this evaluation, and describes the methods and sources of data used in this study. It also provides information on the composition of research by product line, originating IMF department, and coverage.

International Monetary Fund. Independent Evaluation Office

Abstract

16. This chapter examines the relevance and utilization of different I MF research products to country authorities and IMF staff, as well as other stakeholders, mainly based on interviews and surveys. It assesses whether the coverage of IMF research met the expectations and needs of the intended users and whether the research was utilized. A brief description of thematic coverage and patterns of use of IMF research across country groupings is followed by a discussion of each of the research product lines. The chapter concludes by examining factors that need to be addressed to enhance the relevance and utilization of IMF research.