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5 Conclusions, Challenges, and Opportunities

5 Conclusions, Challenges, and Opportunities »

Source: IEO Evaluation Report : IMF Involvement in International Trade Policy Issues

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 February 2020

ISBN: 9781513522203

Keywords: Trade policy, Trading systems, International trade agreements, International trade, Development policy, Trade, IMF, multilateralism, surveillance, advocacy.

The IMF deserves considerable credit for responding in an active and timely manner to the growing stresses on the multilateral trade system in recent years. Most of the recommendati...

IEO Evaluation Report
			: IMF Involvement in International Trade Policy Issues

IEO Evaluation Report : IMF Involvement in International Trade Policy Issues »

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 February 2020

DOI: http://dx.doi.org/10.5089/9781513522203.017

ISBN: 9781513522203

Keywords: Trade policy, Trading systems, International trade agreements, International trade, Development policy, Trade, IMF, multilateralism, surveillance, advocacy.

This report updates the 2009 IEO evaluation of IMF Involvement in International Trade Policy Issues. Since then, the composition and structure of international trade have evolved, but trade has not regained its for...

Back Matter

Back Matter »

Source: IEO Evaluation Report : IMF Involvement in International Trade Policy Issues

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 February 2020

ISBN: 9781513522203

Keywords: Trade policy, Trading systems, International trade agreements, International trade, Development policy, Trade, IMF, multilateralism, surveillance, advocacy.

This report updates the 2009 IEO evaluation of IMF Involvement in International Trade Policy Issues. Since then, the composition and structure of international trade have evolved, but trade has not regained its for...

Front Matter

Front Matter »

Source: IEO Evaluation Report : IMF Involvement in International Trade Policy Issues

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 February 2020

ISBN: 9781513522203

Keywords: Trade policy, Trading systems, International trade agreements, International trade, Development policy, Trade, IMF, multilateralism, surveillance, advocacy.

This report updates the 2009 IEO evaluation of IMF Involvement in International Trade Policy Issues. Since then, the composition and structure of international trade have evolved, but trade has not regained its for...

3 International Trade and Trade Policy Issues: A Decade of Change

3 International Trade and Trade Policy Issues: A Decade of Change »

Source: IEO Evaluation Report : IMF Involvement in International Trade Policy Issues

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 February 2020

ISBN: 9781513522203

Keywords: Trade policy, Trading systems, International trade agreements, International trade, Development policy, Trade, IMF, multilateralism, surveillance, advocacy.

The 2009 evaluation was published in the midst of the global financial crisis (GFC), and an associated sudden, severe, and synchronized collapse in international trade. After decade...

1 Introduction

1 Introduction »

Source: IEO Evaluation Report : IMF Involvement in International Trade Policy Issues

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 February 2020

ISBN: 9781513522203

Keywords: Trade policy, Trading systems, International trade agreements, International trade, Development policy, Trade, IMF, multilateralism, surveillance, advocacy.

The Independent Evaluation Office (IEO) completed an evaluation of IMF Involvement in International Trade Policy Issues in 2009. The evaluation was published at a time when global t...

4 Ten Years of IMF Trade-Related Work: An Assessment

4 Ten Years of IMF Trade-Related Work: An Assessment »

Source: IEO Evaluation Report : IMF Involvement in International Trade Policy Issues

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 February 2020

ISBN: 9781513522203

Keywords: Trade policy, Trading systems, International trade agreements, International trade, Development policy, Trade, IMF, multilateralism, surveillance, advocacy.

The consequences of all the changes summarized in Chapter 3 for the Fund’s engagement in trade policy have been both diverse and far-reaching. They have prompted new and increasing...

2 The 2009 Evaluation: Key Findings and Recommendations

2 The 2009 Evaluation: Key Findings and Recommendations »

Source: IEO Evaluation Report : IMF Involvement in International Trade Policy Issues

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 February 2020

ISBN: 9781513522203

Keywords: Trade policy, Trading systems, International trade agreements, International trade, Development policy, Trade, IMF, multilateralism, surveillance, advocacy.

The 2009 evaluation found that, starting in the early 2000s, the Fund had scaled back its involvement in trade policy issues for several reasons. Externally, these included a long p...

5 Analytical Toolkit

5 Analytical Toolkit »

Source: IEO Evaluation Report : IMF Financial Surveillance

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 February 2019

ISBN: 9781484393352

Keywords: Financial sector, Macroprudential policies and financial stability, Central banks, Financial risk, Stress testing, macrofinancial, financial stability, surveillance, FSAP, IMF

As called for in the 2012 Financial Surveillance Strategy, the Fund has taken part in broader efforts in the economics profession to upgrade the analytical and empirical techniques...

3 Bilateral Surveillance

3 Bilateral Surveillance »

Source: IEO Evaluation Report : IMF Financial Surveillance

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 February 2019

ISBN: 9781484393352

Keywords: Financial sector, Macroprudential policies and financial stability, Central banks, Financial risk, Stress testing, macrofinancial, financial stability, surveillance, FSAP, IMF

Article IV consultations and Financial Sector Assessment Programs (FSAPs) are the main vehicles for IMF bilateral financial surveillance. 8 The rol...

7 Conclusions and Recommendations

7 Conclusions and Recommendations »

Source: IEO Evaluation Report : IMF Financial Surveillance

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 February 2019

ISBN: 9781484393352

Keywords: Financial sector, Macroprudential policies and financial stability, Central banks, Financial risk, Stress testing, macrofinancial, financial stability, surveillance, FSAP, IMF

Conclusions Strategy, priorities, and resources IMF financial surveillance has been tasked with a much more expansive role since the GFC in the context...

IEO Evaluation Report
			: IMF Financial Surveillance

IEO Evaluation Report : IMF Financial Surveillance »

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 February 2019

DOI: http://dx.doi.org/10.5089/9781484393352.017

ISBN: 9781484393352

Keywords: Financial sector, Macroprudential policies and financial stability, Central banks, Financial risk, Stress testing, macrofinancial, financial stability, surveillance, FSAP, IMF

In response to the Global Financial Crisis, the IMF launched many initiatives to strengthen financial surveillance and better advise member countries of vulnerabilities and risks. While these initiatives have not y...

Back Matter

Back Matter »

Source: IEO Evaluation Report : IMF Financial Surveillance

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 February 2019

ISBN: 9781484393352

Keywords: Financial sector, Macroprudential policies and financial stability, Central banks, Financial risk, Stress testing, macrofinancial, financial stability, surveillance, FSAP, IMF

In response to the Global Financial Crisis, the IMF launched many initiatives to strengthen financial surveillance and better advise member countries of vulnerabilities and risks. While these initiatives have not y...

Front Matter

Front Matter »

Source: IEO Evaluation Report : IMF Financial Surveillance

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 February 2019

ISBN: 9781484393352

Keywords: Financial sector, Macroprudential policies and financial stability, Central banks, Financial risk, Stress testing, macrofinancial, financial stability, surveillance, FSAP, IMF

In response to the Global Financial Crisis, the IMF launched many initiatives to strengthen financial surveillance and better advise member countries of vulnerabilities and risks. While these initiatives have not y...

2 IMF Financial Surveillance: Evolution and Challenges

2 IMF Financial Surveillance: Evolution and Challenges »

Source: IEO Evaluation Report : IMF Financial Surveillance

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 February 2019

ISBN: 9781484393352

Keywords: Financial sector, Macroprudential policies and financial stability, Central banks, Financial risk, Stress testing, macrofinancial, financial stability, surveillance, FSAP, IMF

The goals and outputs of IMF financial surveillance have greatly expanded in the aftermath of the GFC with clear priority given to jurisdictions with systemically important financia...

1 Introduction

1 Introduction »

Source: IEO Evaluation Report : IMF Financial Surveillance

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 February 2019

ISBN: 9781484393352

Keywords: Financial sector, Macroprudential policies and financial stability, Central banks, Financial risk, Stress testing, macrofinancial, financial stability, surveillance, FSAP, IMF

This evaluation assesses IMF financial surveillance. For the IMF, financial surveillance includes a broad range of activities at the country and global levels occurring at the inter...

4 Multilateral Surveillance

4 Multilateral Surveillance »

Source: IEO Evaluation Report : IMF Financial Surveillance

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 February 2019

ISBN: 9781484393352

Keywords: Financial sector, Macroprudential policies and financial stability, Central banks, Financial risk, Stress testing, macrofinancial, financial stability, surveillance, FSAP, IMF

Multilateral financial surveillance seeks to warn the IMF membership about vulnerabilities and risks to the global financial system and in S29 jurisdictions, and to influence polici...

6 Talent Management

6 Talent Management »

Source: IEO Evaluation Report : IMF Financial Surveillance

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 February 2019

ISBN: 9781484393352

Keywords: Financial sector, Macroprudential policies and financial stability, Central banks, Financial risk, Stress testing, macrofinancial, financial stability, surveillance, FSAP, IMF

The IMF has continued to upgrade its financial sector skills and expertise, but the availability of knowledge and experience still constrains the quality and effectiveness of financ...

5 Challenges Going Forward

5 Challenges Going Forward »

Source: Governance of the IMF : Evaluation Update

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 November 2018

ISBN: 9781484373439

Keywords: Risk management, Development, Financial crises, Stocks, International monetary system, IMF, IEO, governance, representation, effectiveness

Since 2008, a series of reforms have strengthened IMF governance in a number of ways. The 2008 and 2010 quota and voice reforms achieved a sizable reduction in misalignments of memb...

4 Current State of IMF Governance

4 Current State of IMF Governance »

Source: Governance of the IMF : Evaluation Update

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 November 2018

ISBN: 9781484373439

Keywords: Risk management, Development, Financial crises, Stocks, International monetary system, IMF, IEO, governance, representation, effectiveness

As laid out in Chapter 3, Fund governance has evolved since the 2008 evaluation, aided by various reform initiatives. This chapter analyzes the current state of Fund governance, con...

Governance of the IMF
			: Evaluation Update

Governance of the IMF : Evaluation Update »

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 November 2018

DOI: http://dx.doi.org/10.5089/9781484373439.017

ISBN: 9781484373439

Keywords: Risk management, Development, Financial crises, Stocks, International monetary system, IMF, IEO, governance, representation, effectiveness

In 2008, the IEO undertook an evaluation on the IMF governance and concluded that effectiveness had been the strongest aspect of IMF governance, while accountability and voice had been the weakest. Since then, IMF...

Back Matter

Back Matter »

Source: Governance of the IMF : Evaluation Update

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 November 2018

ISBN: 9781484373439

Keywords: Risk management, Development, Financial crises, Stocks, International monetary system, IMF, IEO, governance, representation, effectiveness

In 2008, the IEO undertook an evaluation on the IMF governance and concluded that effectiveness had been the strongest aspect of IMF governance, while accountability and voice had been the weakest. Since then, IMF...

Front Matter

Front Matter »

Source: Governance of the IMF : Evaluation Update

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 November 2018

ISBN: 9781484373439

Keywords: Risk management, Development, Financial crises, Stocks, International monetary system, IMF, IEO, governance, representation, effectiveness

In 2008, the IEO undertook an evaluation on the IMF governance and concluded that effectiveness had been the strongest aspect of IMF governance, while accountability and voice had been the weakest. Since then, IMF...

1 Introduction

1 Introduction »

Source: Governance of the IMF : Evaluation Update

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 November 2018

ISBN: 9781484373439

Keywords: Risk management, Development, Financial crises, Stocks, International monetary system, IMF, IEO, governance, representation, effectiveness

The IEO completed an evaluation of the governance of the IMF in 2008 when the stability of the international monetary system was under threat and the relevance and legitimacy of the...

3 Post-Evaluation Developments

3 Post-Evaluation Developments »

Source: Governance of the IMF : Evaluation Update

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 November 2018

ISBN: 9781484373439

Keywords: Risk management, Development, Financial crises, Stocks, International monetary system, IMF, IEO, governance, representation, effectiveness

Significant progress has been made over the past decade towards reforming IMF governance, notably towards realigning quota and voice with member country positions in the global econ...

2 The 2008 IEO Evaluation

2 The 2008 IEO Evaluation »

Source: Governance of the IMF : Evaluation Update

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 November 2018

ISBN: 9781484373439

Keywords: Risk management, Development, Financial crises, Stocks, International monetary system, IMF, IEO, governance, representation, effectiveness

The 2008 evaluation assessed the degree to which Fund governance was effective and efficient, and whether it provided sufficient accountability and channels for stakeholders to have...

Chapter 4 Assessing the Effectiveness of IMF Engagement

Chapter 4 Assessing the Effectiveness of IMF Engagement »

Source: IMF and Fragile States : 2018 Evaluation Report

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 2018

ISBN: 9781484347324

Keywords: Countries in fragile and conflict-affected situations, Fragile states, International Monetary Fund, Independent Evaluation Office, IEO evaluation

How Much Impact Has the IMF Had in Fragile States? The IMF’s role in fragile states, compared to other member countries, has been particularly important in: (i) providing support in...

Chapter 5 Assessing the Frameworks and Procedures of IMF Engagement

Chapter 5 Assessing the Frameworks and Procedures of IMF Engagement »

Source: IMF and Fragile States : 2018 Evaluation Report

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 2018

ISBN: 9781484347324

Keywords: Countries in fragile and conflict-affected situations, Fragile states, International Monetary Fund, Independent Evaluation Office, IEO evaluation

How Well has the IMF Collaborated with Development Partners? The need for collaboration and coordination among development partners in FCS work is well recognized throughout the inte...

Chapter 2 Evaluation Questions and Methodology

Chapter 2 Evaluation Questions and Methodology »

Source: IMF and Fragile States : 2018 Evaluation Report

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 2018

ISBN: 9781484347324

Keywords: Countries in fragile and conflict-affected situations, Fragile states, International Monetary Fund, Independent Evaluation Office, IEO evaluation

To assess the IMF’s work on FCS, the evaluation poses the following questions: The effectiveness of IMF engagement ▶ How much impact has the IMF had in FCS?...

Chapter 1 Introduction

Chapter 1 Introduction »

Source: IMF and Fragile States : 2018 Evaluation Report

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 2018

ISBN: 9781484347324

Keywords: Countries in fragile and conflict-affected situations, Fragile states, International Monetary Fund, Independent Evaluation Office, IEO evaluation

This evaluation assesses the IMF’s engagement with countries in fragile and conflict-affected situations (hereafter referred to as fragile states or FCS). The role of the IMF in fragile states has been the s...

Chapter 6 Key Findings and Recommendations

Chapter 6 Key Findings and Recommendations »

Source: IMF and Fragile States : 2018 Evaluation Report

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 2018

ISBN: 9781484347324

Keywords: Countries in fragile and conflict-affected situations, Fragile states, International Monetary Fund, Independent Evaluation Office, IEO evaluation

Key Findings The overall impact of the IMF in fragile states The IMF has provided unique and essential services to FCS to restore macroeconomic stabili...

Chapter 3 Overview of the IMF’s Work on Fragile States

Chapter 3 Overview of the IMF’s Work on Fragile States »

Source: IMF and Fragile States : 2018 Evaluation Report

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 2018

ISBN: 9781484347324

Keywords: Countries in fragile and conflict-affected situations, Fragile states, International Monetary Fund, Independent Evaluation Office, IEO evaluation

Key Features of Fragile States The IMF maintains no formal list of fragile states, and it has relied broadly on the approach taken by the World Bank in identifying such countries for...

IMF and Fragile States
			: 2018 Evaluation Report

IMF and Fragile States : 2018 Evaluation Report »

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 2018

DOI: http://dx.doi.org/10.5089/9781484347324.017

ISBN: 9781484347324

Keywords: Countries in fragile and conflict-affected situations, Fragile states, International Monetary Fund, Independent Evaluation Office, IEO evaluation

This evaluation assesses the IMF's work on countries in fragile and conflict-affected situations (FCS), addressing both (i) its engagement through surveillance, lending, and capacity development and (ii) the framew...

Back Matter

Back Matter »

Source: IMF and Fragile States : 2018 Evaluation Report

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 2018

ISBN: 9781484347324

Keywords: Countries in fragile and conflict-affected situations, Fragile states, International Monetary Fund, Independent Evaluation Office, IEO evaluation

This evaluation assesses the IMF's work on countries in fragile and conflict-affected situations (FCS), addressing both (i) its engagement through surveillance, lending, and capacity development and (ii) the framew...

Front Matter

Front Matter »

Source: IMF and Fragile States : 2018 Evaluation Report

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 2018

ISBN: 9781484347324

Keywords: Countries in fragile and conflict-affected situations, Fragile states, International Monetary Fund, Independent Evaluation Office, IEO evaluation

This evaluation assesses the IMF's work on countries in fragile and conflict-affected situations (FCS), addressing both (i) its engagement through surveillance, lending, and capacity development and (ii) the framew...

6. Conclusion

6. Conclusion »

Source: IMF Exchange Rate Policy Advice : Revisiting the 2007 IEO Evaluation

Series: Independent Evaluation Office Reports

Author(s): Louellen Stedman , John Hicklin , and Roxana Pedraglio

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 December 2017

ISBN: 9781484325766

Keywords: Exchange rate policy, external stability, global imbalances, surveillance, IEO, IMF

The IMF deserves recognition for the progress over the last decade in overhauling its approach to exchange rate policy advice, enhancing its work in an area central to its mandate. In particular, the 2012 IS...

4. Elements of Analysis and Advice

4. Elements of Analysis and Advice »

Source: IMF Exchange Rate Policy Advice : Revisiting the 2007 IEO Evaluation

Series: Independent Evaluation Office Reports

Author(s): Louellen Stedman , John Hicklin , and Roxana Pedraglio

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 December 2017

ISBN: 9781484325766

Keywords: Exchange rate policy, external stability, global imbalances, surveillance, IEO, IMF

As the IMF has moved forward under the successive new Surveillance Decisions and also adapted its work to reflect the lessons of the global financial crisis, the institution has invested substantially in enh...

IMF Exchange Rate Policy Advice
			: Revisiting the 2007 IEO Evaluation

IMF Exchange Rate Policy Advice : Revisiting the 2007 IEO Evaluation »

Series: Independent Evaluation Office Reports

Author(s): Louellen Stedman , John Hicklin , and Roxana Pedraglio

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 December 2017

DOI: http://dx.doi.org/10.5089/9781484325766.017

ISBN: 9781484325766

Keywords: Exchange rate policy, external stability, global imbalances, surveillance, IEO, IMF

This report is the seventh in a series of evaluation updates by the Independent Evaluation Office of the IMF (IEO) that return to past IEO evaluations and assess the continuing relevance of their main conclusions....

Back Matter

Back Matter »

Source: IMF Exchange Rate Policy Advice : Revisiting the 2007 IEO Evaluation

Series: Independent Evaluation Office Reports

Author(s): Louellen Stedman , John Hicklin , and Roxana Pedraglio

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 December 2017

ISBN: 9781484325766

Keywords: Exchange rate policy, external stability, global imbalances, surveillance, IEO, IMF

This report is the seventh in a series of evaluation updates by the Independent Evaluation Office of the IMF (IEO) that return to past IEO evaluations and assess the continuing relevance of their main conclusions....

Front Matter

Front Matter »

Source: IMF Exchange Rate Policy Advice : Revisiting the 2007 IEO Evaluation

Series: Independent Evaluation Office Reports

Author(s): Louellen Stedman , John Hicklin , and Roxana Pedraglio

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 December 2017

ISBN: 9781484325766

Keywords: Exchange rate policy, external stability, global imbalances, surveillance, IEO, IMF

This report is the seventh in a series of evaluation updates by the Independent Evaluation Office of the IMF (IEO) that return to past IEO evaluations and assess the continuing relevance of their main conclusions....

1. Introduction

1. Introduction »

Source: IMF Exchange Rate Policy Advice : Revisiting the 2007 IEO Evaluation

Series: Independent Evaluation Office Reports

Author(s): Louellen Stedman , John Hicklin , and Roxana Pedraglio

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 December 2017

ISBN: 9781484325766

Keywords: Exchange rate policy, external stability, global imbalances, surveillance, IEO, IMF

In 2007, the IEO completed an evaluation of IMF Exchange Rate Policy Advice. The evaluation addressed issues at the heart of the IMF’s work, as laid out by the Articles of Agreement. In particular, the Artic...

2. Key Findings and Recommendations of the 2007 IEO Evaluation

2. Key Findings and Recommendations of the 2007 IEO Evaluation »

Source: IMF Exchange Rate Policy Advice : Revisiting the 2007 IEO Evaluation

Series: Independent Evaluation Office Reports

Author(s): Louellen Stedman , John Hicklin , and Roxana Pedraglio

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 December 2017

ISBN: 9781484325766

Keywords: Exchange rate policy, external stability, global imbalances, surveillance, IEO, IMF

The IEO evaluation of IMF Exchange Rate Policy Advice found that the IMF was “not as effective as it need[ed] to be” in fulfilling its responsibilities for exchange rate surveillance in the period reviewed (...

5. Management and Accountability

5. Management and Accountability »

Source: IMF Exchange Rate Policy Advice : Revisiting the 2007 IEO Evaluation

Series: Independent Evaluation Office Reports

Author(s): Louellen Stedman , John Hicklin , and Roxana Pedraglio

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 December 2017

ISBN: 9781484325766

Keywords: Exchange rate policy, external stability, global imbalances, surveillance, IEO, IMF

The 2007 evaluation found shortcomings in the management of work on exchange rate issues, including a lack of clarity around responsibility and accountability among the area and functional departments, as we...

3. The IMF’s Mandate and Rules of the Game

3. The IMF’s Mandate and Rules of the Game »

Source: IMF Exchange Rate Policy Advice : Revisiting the 2007 IEO Evaluation

Series: Independent Evaluation Office Reports

Author(s): Louellen Stedman , John Hicklin , and Roxana Pedraglio

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 December 2017

ISBN: 9781484325766

Keywords: Exchange rate policy, external stability, global imbalances, surveillance, IEO, IMF

The 2007 IEO evaluation pointed out a lack of clarity in the 1977 Surveillance Decision and in the associated guidance for staff. It also noted the need for greater “trust and engagement with the membership...

Administrative Budget

Administrative Budget »

Source: Independent Evaluation Office Annual Report 2017

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 October 2017

ISBN: 9781484317587

(In U.S. dollars) FY2016...

5. Conclusions and Recommendations

5. Conclusions and Recommendations »

Source: IEO Evaluation Report : The IMF and Social Protection

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 October 2017

ISBN: 9781484313800

A. Conclusions 72. Traditionally, the IMF’s role in social protection was limited and its approach fiscal-centric. Social issues were understood to lie outside the IMF’s core areas o...

2. Follow-up on IEO Evaluations

2. Follow-up on IEO Evaluations »

Source: Independent Evaluation Office Annual Report 2017

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 October 2017

ISBN: 9781484317587

Effective follow-up is critical to ensuring that the IMF gets the full benefits of IEO evaluations. The focus is placed on the implementation of evaluation recommendations approved by the Executive Board, as...

IEO Evaluation Report
			: The IMF and Social Protection

IEO Evaluation Report : The IMF and Social Protection »

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 October 2017

DOI: http://dx.doi.org/10.5089/9781484313800.017

ISBN: 9781484313800

This paper analyzes that the IMF has moved beyond its traditional fiscal-centric approach to recognize that social protection can also be macro-critical for broader reasons including social and political stability...

Back Matter

Back Matter »

Source: IEO Evaluation Report : The IMF and Social Protection

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 October 2017

ISBN: 9781484313800

This paper analyzes that the IMF has moved beyond its traditional fiscal-centric approach to recognize that social protection can also be macro-critical for broader reasons including social and political stability...

Front Matter

Front Matter »

Source: IEO Evaluation Report : The IMF and Social Protection

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 October 2017

ISBN: 9781484313800

This paper analyzes that the IMF has moved beyond its traditional fiscal-centric approach to recognize that social protection can also be macro-critical for broader reasons including social and political stability...

3. IMF Operational Involvement in Social Protection

3. IMF Operational Involvement in Social Protection »

Source: IEO Evaluation Report : The IMF and Social Protection

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 October 2017

ISBN: 9781484313800

A. Bilateral Surveillance 32. The IMF addressed an extensive range of social protection issues in Article IV consultations with a number of countries during the evaluation period. To...

Independent Evaluation Office Annual Report 2017

Independent Evaluation Office Annual Report 2017 »

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 October 2017

DOI: http://dx.doi.org/10.5089/9781484317587.017

ISBN: 9781484317587

This paper discusses that the Independent Evaluation Office (IEO) has also launched three new evaluations-which will analyze the IMF's role on fragile states, its financial surveillance activities, and its advice o...

Back Matter

Back Matter »

Source: Independent Evaluation Office Annual Report 2017

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 October 2017

ISBN: 9781484317587

This paper discusses that the Independent Evaluation Office (IEO) has also launched three new evaluations-which will analyze the IMF's role on fragile states, its financial surveillance activities, and its advice o...

Front Matter

Front Matter »

Source: Independent Evaluation Office Annual Report 2017

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 October 2017

ISBN: 9781484317587

This paper discusses that the Independent Evaluation Office (IEO) has also launched three new evaluations-which will analyze the IMF's role on fragile states, its financial surveillance activities, and its advice o...

4. Inter-Institutional Collaboration on Social Protection78

4. Inter-Institutional Collaboration on Social Protection78 »

Source: IEO Evaluation Report : The IMF and Social Protection

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 October 2017

ISBN: 9781484313800

61. To incorporate social protection considerations into IMF operational work, the Board has consistently called on Fund staff to rely on the expertise of other relevant institutions (Abrams, 2017). Accordin...

1. Introduction

1. Introduction »

Source: IEO Evaluation Report : The IMF and Social Protection

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 October 2017

ISBN: 9781484313800

1. Social protection has become a central concern in the global policy discourse. The global crisis in 2008 triggered job losses and financial turmoil, prompting the Group of Twenty (G-20) to call for action...

3. Ongoing Evaluations and IEO Work Program

3. Ongoing Evaluations and IEO Work Program »

Source: Independent Evaluation Office Annual Report 2017

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 October 2017

ISBN: 9781484317587

The IEO is currently working on three new evaluations and two updates. An evaluation of the work of the IMF in fragile states is well underway. It analyzes the role played by the IMF in...

Outreach Activities

Outreach Activities »

Source: Independent Evaluation Office Annual Report 2017

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 October 2017

ISBN: 9781484317587

June 2016, London, UK – Participation in the Evaluation Cooperation Group meetings. September 2016, Xian, China – IEO participation in th...

1. Overview of Recent Activities

1. Overview of Recent Activities »

Source: Independent Evaluation Office Annual Report 2017

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 October 2017

ISBN: 9781484317587

Since May 2016, the IEO has completed two evaluations—The IMF and the Crises in Greece, Ireland, and Portugal and The IMF and Social Protection—and one evaluation update—Multilateral Surveillance: Revisiting...

2. The IMF’s Role in and Approach to Social Protection

2. The IMF’s Role in and Approach to Social Protection »

Source: IEO Evaluation Report : The IMF and Social Protection

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 October 2017

ISBN: 9781484313800

A. The IMF’s Role in Social Protection 6 13. Historically, the IMF’s involvement in social issues was quite limited. The Articles of Ag...

Background Papers on The IMF and the Crises in Greece, Ireland, and Portugal

Background Papers on The IMF and the Crises in Greece, Ireland, and Portugal »

Series: Independent Evaluation Office Reports

Author(s): Moisés Schwartz , and Shinji Takagi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 June 2017

DOI: http://dx.doi.org/10.5089/9781475562538.017

ISBN: 9781475562538

Keywords: International Monetary Fund; euro area crisis; the IMF and the euro area crisis; evaluation by the Independent Evaluation Office; crises in Greece, Ireland, and Portugal; IMF governance

This volume book brings together nine background papers prepared for an evaluation by the IMF Independent Evaluation Office of 'the IMF and the crises in Greece, Ireland, and Portugal.' It presents an authoritative...

Back Matter

Back Matter »

Source: Background Papers on The IMF and the Crises in Greece, Ireland, and Portugal

Series: Independent Evaluation Office Reports

Author(s): Moisés Schwartz , and Shinji Takagi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 June 2017

ISBN: 9781475562538

Keywords: International Monetary Fund; euro area crisis; the IMF and the euro area crisis; evaluation by the Independent Evaluation Office; crises in Greece, Ireland, and Portugal; IMF governance

This volume book brings together nine background papers prepared for an evaluation by the IMF Independent Evaluation Office of 'the IMF and the crises in Greece, Ireland, and Portugal.' It presents an authoritative...

Front Matter

Front Matter »

Source: Background Papers on The IMF and the Crises in Greece, Ireland, and Portugal

Series: Independent Evaluation Office Reports

Author(s): Moisés Schwartz , and Shinji Takagi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 June 2017

ISBN: 9781475562538

Keywords: International Monetary Fund; euro area crisis; the IMF and the euro area crisis; evaluation by the Independent Evaluation Office; crises in Greece, Ireland, and Portugal; IMF governance

This volume book brings together nine background papers prepared for an evaluation by the IMF Independent Evaluation Office of 'the IMF and the crises in Greece, Ireland, and Portugal.' It presents an authoritative...

The Chairman’s Summing Up The IMF and the Crises in Greece, Ireland, and Portugal—An Evaluation by the Independent Evaluation Office

The Chairman’s Summing Up The IMF and the Crises in Greece, Ireland, and Portugal—An Evaluation by the Independent Evaluation Office »

Source: Background Papers on The IMF and the Crises in Greece, Ireland, and Portugal

Series: Independent Evaluation Office Reports

Author(s): Moisés Schwartz , and Shinji Takagi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 June 2017

ISBN: 9781475562538

Keywords: International Monetary Fund; euro area crisis; the IMF and the euro area crisis; evaluation by the Independent Evaluation Office; crises in Greece, Ireland, and Portugal; IMF governance

Executive Board Meeting July 19, 2016 Executive Directors welcomed the report by the Independent Evaluation Office (IEO) on the IMF and the Crises in Greece, Ireland, and Portugal, a...

Chapter 3. IMF Engagement with the Euro Area Versus Other Currency Unions

Chapter 3. IMF Engagement with the Euro Area Versus Other Currency Unions »

Source: Background Papers on The IMF and the Crises in Greece, Ireland, and Portugal

Series: Independent Evaluation Office Reports

Author(s): Moisés Schwartz , and Shinji Takagi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 June 2017

ISBN: 9781475562538

Keywords: International Monetary Fund; euro area crisis; the IMF and the euro area crisis; evaluation by the Independent Evaluation Office; crises in Greece, Ireland, and Portugal; IMF governance

Introduction The euro area crisis was considered special in several respects, in part because it involved economies within a currency union. But the euro area is not the only currenc...

Chapter 4. IMF Surveillance of the Euro Area: From Conception Through Crisis

Chapter 4. IMF Surveillance of the Euro Area: From Conception Through Crisis »

Source: Background Papers on The IMF and the Crises in Greece, Ireland, and Portugal

Series: Independent Evaluation Office Reports

Author(s): Moisés Schwartz , and Shinji Takagi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 June 2017

ISBN: 9781475562538

Keywords: International Monetary Fund; euro area crisis; the IMF and the euro area crisis; evaluation by the Independent Evaluation Office; crises in Greece, Ireland, and Portugal; IMF governance

Introduction This chapter assesses the IMF’s views on the architecture of the euro area as it was being designed and its surveillance of the euro area at vital points before and duri...

Chapter 2. Living with Rules: The IMF’s Exceptional Access Framework and the 2010 Stand-By Arrangement with Greece

Chapter 2. Living with Rules: The IMF’s Exceptional Access Framework and the 2010 Stand-By Arrangement with Greece »

Source: Background Papers on The IMF and the Crises in Greece, Ireland, and Portugal

Series: Independent Evaluation Office Reports

Author(s): Moisés Schwartz , and Shinji Takagi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 June 2017

ISBN: 9781475562538

Keywords: International Monetary Fund; euro area crisis; the IMF and the euro area crisis; evaluation by the Independent Evaluation Office; crises in Greece, Ireland, and Portugal; IMF governance

Introduction The handling of the IMF’s framework governing exceptional access to crisis countries will be one of the most important legacies of the euro debt crisis....

Chapter 6. The IMF and the Euro Area Crisis: The Fiscal Dimension

Chapter 6. The IMF and the Euro Area Crisis: The Fiscal Dimension »

Source: Background Papers on The IMF and the Crises in Greece, Ireland, and Portugal

Series: Independent Evaluation Office Reports

Author(s): Moisés Schwartz , and Shinji Takagi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 June 2017

ISBN: 9781475562538

Keywords: International Monetary Fund; euro area crisis; the IMF and the euro area crisis; evaluation by the Independent Evaluation Office; crises in Greece, Ireland, and Portugal; IMF governance

Introduction At the end of the last century, a number of sovereign European IMF member states joined voluntarily in a monetary union known as the euro area within the broader Europea...

Chapter 1. The IMF Executive Board and the Euro Area Crisis: Accountability, Legitimacy, and Governance

Chapter 1. The IMF Executive Board and the Euro Area Crisis: Accountability, Legitimacy, and Governance »

Source: Background Papers on The IMF and the Crises in Greece, Ireland, and Portugal

Series: Independent Evaluation Office Reports

Author(s): Moisés Schwartz , and Shinji Takagi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 June 2017

ISBN: 9781475562538

Keywords: International Monetary Fund; euro area crisis; the IMF and the euro area crisis; evaluation by the Independent Evaluation Office; crises in Greece, Ireland, and Portugal; IMF governance

Introduction In evaluating the performance of the IMF in the euro area crisis, it is important to consider the role played by the Executive Board. As the organ that represents all me...

Chapter 7. The IMF’s Role in Greece in the Context of the 2010 Stand-By Arrangement

Chapter 7. The IMF’s Role in Greece in the Context of the 2010 Stand-By Arrangement »

Source: Background Papers on The IMF and the Crises in Greece, Ireland, and Portugal

Series: Independent Evaluation Office Reports

Author(s): Moisés Schwartz , and Shinji Takagi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 June 2017

ISBN: 9781475562538

Keywords: International Monetary Fund; euro area crisis; the IMF and the euro area crisis; evaluation by the Independent Evaluation Office; crises in Greece, Ireland, and Portugal; IMF governance

Introduction In April 2010, Greece became the first euro area country to request financial support from the IMF. The IMF joined the European Commission (EC) and the European Central...

Chapter 8. The IMF’s Role in Ireland

Chapter 8. The IMF’s Role in Ireland »

Source: Background Papers on The IMF and the Crises in Greece, Ireland, and Portugal

Series: Independent Evaluation Office Reports

Author(s): Moisés Schwartz , and Shinji Takagi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 June 2017

ISBN: 9781475562538

Keywords: International Monetary Fund; euro area crisis; the IMF and the euro area crisis; evaluation by the Independent Evaluation Office; crises in Greece, Ireland, and Portugal; IMF governance

Introduction On December 3, 2010 the Irish Government requested a three-year extended arrangement from the IMF in an amount of SDR 19.5 billion (about $30 billion), equivalent to 2,3...

Chapter 5. The IMF’s Role in the Euro Area’s Crisis: What Are the Lessons from the IMF’s Participation in the Troika?

Chapter 5. The IMF’s Role in the Euro Area’s Crisis: What Are the Lessons from the IMF’s Participation in the Troika? »

Source: Background Papers on The IMF and the Crises in Greece, Ireland, and Portugal

Series: Independent Evaluation Office Reports

Author(s): Moisés Schwartz , and Shinji Takagi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 June 2017

ISBN: 9781475562538

Keywords: International Monetary Fund; euro area crisis; the IMF and the euro area crisis; evaluation by the Independent Evaluation Office; crises in Greece, Ireland, and Portugal; IMF governance

Introduction This chapter evaluates the ad hoc arrangement between the IMF, the European Commission (EC), and the European Central Bank (ECB)—known collectively as the troika...

Chapter 9. The Portuguese Crisis and the IMF

Chapter 9. The Portuguese Crisis and the IMF »

Source: Background Papers on The IMF and the Crises in Greece, Ireland, and Portugal

Series: Independent Evaluation Office Reports

Author(s): Moisés Schwartz , and Shinji Takagi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 June 2017

ISBN: 9781475562538

Keywords: International Monetary Fund; euro area crisis; the IMF and the euro area crisis; evaluation by the Independent Evaluation Office; crises in Greece, Ireland, and Portugal; IMF governance

Introduction In May 2011, Portugal entered a three-year arrangement with the IMF under the Extended Fund Facility (EFF). The EFF-supported adjustment program was designed, implemente...

Contributors

Contributors »

Source: Background Papers on The IMF and the Crises in Greece, Ireland, and Portugal

Series: Independent Evaluation Office Reports

Author(s): Moisés Schwartz , and Shinji Takagi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 June 2017

ISBN: 9781475562538

Keywords: International Monetary Fund; euro area crisis; the IMF and the euro area crisis; evaluation by the Independent Evaluation Office; crises in Greece, Ireland, and Portugal; IMF governance

Miguel de Las Casas is Senior Economist, Independent Evaluation Office, International Monetary Fund. Carlos de Resende is Senior Economist, Institute for Capacity Developme...

Statement by the Managing Director on the Independent Evaluation Office’s Report on the IMF and the Crises in Greece, Ireland, and Portugal: An Evaluation by the Independent Evaluation Office

Statement by the Managing Director on the Independent Evaluation Office’s Report on the IMF and the Crises in Greece, Ireland, and Portugal: An Evaluation by the Independent Evaluation Office »

Source: Background Papers on The IMF and the Crises in Greece, Ireland, and Portugal

Series: Independent Evaluation Office Reports

Author(s): Moisés Schwartz , and Shinji Takagi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 June 2017

ISBN: 9781475562538

Keywords: International Monetary Fund; euro area crisis; the IMF and the euro area crisis; evaluation by the Independent Evaluation Office; crises in Greece, Ireland, and Portugal; IMF governance

Executive Board Meeting July 19, 2016 I welcome the report of the Independent Evaluation Office (IEO) on the Euro Area crisis programs. Their work provides an indepen...

Appendix 1. An IMF-Centric Timeline of Key Events During the Euro Area Crisis, September 2008–December 2014

Appendix 1. An IMF-Centric Timeline of Key Events During the Euro Area Crisis, September 2008–December 2014 »

Source: The IMF and the Crises in Greece, Ireland, and Portugal

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office;International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 September 2016

ISBN: 9781475525144

Keywords: International Monetary Fund; euro area crisis; the IMF and the euro area crisis; evaluation by the Independent Evaluation Office; crises in Greece, Ireland, and Portugal; IMF governance

2008 September 30 Irish government unveils a two-year blanket guarantee to safeguard the d...

Chapter 2. Background: The Evolution of the Euro Area Crisis

Chapter 2. Background: The Evolution of the Euro Area Crisis »

Source: The IMF and the Crises in Greece, Ireland, and Portugal

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office;International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 September 2016

ISBN: 9781475525144

Keywords: International Monetary Fund; euro area crisis; the IMF and the euro area crisis; evaluation by the Independent Evaluation Office; crises in Greece, Ireland, and Portugal; IMF governance

13. The third and final stage of European Economic and Monetary Union (EMU) began on January 1, 1999 when a common currency, the euro, was adopted by 11 member states of the European Union (EU)....

Chapter 5. IMF Governance

Chapter 5. IMF Governance »

Source: The IMF and the Crises in Greece, Ireland, and Portugal

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office;International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 September 2016

ISBN: 9781475525144

Keywords: International Monetary Fund; euro area crisis; the IMF and the euro area crisis; evaluation by the Independent Evaluation Office; crises in Greece, Ireland, and Portugal; IMF governance

A. How Did the IMF Work with European Partners? 93. The term troika in the context of the euro area crisis appears to have been used in two alternative ways. First, in a strictly ope...

Chapter 4. IMF Performance

Chapter 4. IMF Performance »

Source: The IMF and the Crises in Greece, Ireland, and Portugal

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office;International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 September 2016

ISBN: 9781475525144

Keywords: International Monetary Fund; euro area crisis; the IMF and the euro area crisis; evaluation by the Independent Evaluation Office; crises in Greece, Ireland, and Portugal; IMF governance

A. How Effective Was IMF Surveillance? 44. At the launch of the euro, the IMF adopted a double-track approach to its surveillance of euro area countries (Executive Board Decision No....

Chapter 1. Introduction

Chapter 1. Introduction »

Source: The IMF and the Crises in Greece, Ireland, and Portugal

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office;International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 September 2016

ISBN: 9781475525144

Keywords: International Monetary Fund; euro area crisis; the IMF and the euro area crisis; evaluation by the Independent Evaluation Office; crises in Greece, Ireland, and Portugal; IMF governance

1. This evaluation by the Independent Evaluation Office (IEO) assesses the IMF’s engagement with the euro area, focusing on its surveillance and crisis management in Greece, Ireland, and Portugal. In April 2...

Chapter 6. Key Findings and Recommendations

Chapter 6. Key Findings and Recommendations »

Source: The IMF and the Crises in Greece, Ireland, and Portugal

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office;International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 September 2016

ISBN: 9781475525144

Keywords: International Monetary Fund; euro area crisis; the IMF and the euro area crisis; evaluation by the Independent Evaluation Office; crises in Greece, Ireland, and Portugal; IMF governance

116. This chapter presents a summary of key findings and draws lessons from the evaluation, and proposes five recommendations to help improve the IMF’s effectiveness. A. Key Findings an...

Chapter 3. Two Key IMF Decisions

Chapter 3. Two Key IMF Decisions »

Source: The IMF and the Crises in Greece, Ireland, and Portugal

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office;International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 September 2016

ISBN: 9781475525144

Keywords: International Monetary Fund; euro area crisis; the IMF and the euro area crisis; evaluation by the Independent Evaluation Office; crises in Greece, Ireland, and Portugal; IMF governance

29. In May 2010, the IMF Executive Board approved a decision to provide exceptional access financing to Greece without seeking a restructuring of Greece’s sovereign debt, in circumstances where the debt coul...

Executive Summary

Executive Summary »

Source: The IMF and the Crises in Greece, Ireland, and Portugal

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office;International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 September 2016

ISBN: 9781475525144

Keywords: International Monetary Fund; euro area crisis; the IMF and the euro area crisis; evaluation by the Independent Evaluation Office; crises in Greece, Ireland, and Portugal; IMF governance

A series of crises hit several euro area countries from 2010 to 2013. The crises, coming so soon after the global financial and economic crisis of 2007–08, and occurring in a common currency area comprising...

The IMF and the Crises in Greece, Ireland, and Portugal

The IMF and the Crises in Greece, Ireland, and Portugal »

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office;International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 September 2016

DOI: http://dx.doi.org/10.5089/9781475525144.017

ISBN: 9781475525144

Keywords: International Monetary Fund; euro area crisis; the IMF and the euro area crisis; evaluation by the Independent Evaluation Office; crises in Greece, Ireland, and Portugal; IMF governance

This volume book brings together nine background papers prepared for an evaluation by the IMF Independent Evaluation Office of 'the IMF and the crises in Greece, Ireland, and Portugal.' It presents an authoritative...

Back Matter

Back Matter »

Source: The IMF and the Crises in Greece, Ireland, and Portugal

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office;International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 September 2016

ISBN: 9781475525144

Keywords: International Monetary Fund; euro area crisis; the IMF and the euro area crisis; evaluation by the Independent Evaluation Office; crises in Greece, Ireland, and Portugal; IMF governance

This volume book brings together nine background papers prepared for an evaluation by the IMF Independent Evaluation Office of 'the IMF and the crises in Greece, Ireland, and Portugal.' It presents an authoritative...

Front Matter

Front Matter »

Source: The IMF and the Crises in Greece, Ireland, and Portugal

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office;International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 September 2016

ISBN: 9781475525144

Keywords: International Monetary Fund; euro area crisis; the IMF and the euro area crisis; evaluation by the Independent Evaluation Office; crises in Greece, Ireland, and Portugal; IMF governance

This volume book brings together nine background papers prepared for an evaluation by the IMF Independent Evaluation Office of 'the IMF and the crises in Greece, Ireland, and Portugal.' It presents an authoritative...

Annex 3. A Brief History of Data and Statistics at the Fund1

Annex 3. A Brief History of Data and Statistics at the Fund1 »

Source: Behind the Scenes with Data at the IMF : An IEO Evaluation

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 April 2016

ISBN: 9781498385985

Keywords: data, data quality, data provision, data assets, surveillance, resources, International Monetary Fund, Independent Evaluation Office, IMF, IEO

In the Beginning … 2 Data provision The provision of data by member countries to the IMF is rooted in th...

Annex 6. Comparability of Data Across Countries

Annex 6. Comparability of Data Across Countries »

Source: Behind the Scenes with Data at the IMF : An IEO Evaluation

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 April 2016

ISBN: 9781498385985

Keywords: data, data quality, data provision, data assets, surveillance, resources, International Monetary Fund, Independent Evaluation Office, IMF, IEO

There is a well-established expectation that data presented in IMF documents are broadly comparable across countries, that is, that the same concept is defined and measured the same way everywhere. Economic...

Annex 5. Do Staff Follow the Operational Guidelines on Data Provision for Fund Surveillance?

Annex 5. Do Staff Follow the Operational Guidelines on Data Provision for Fund Surveillance? »

Source: Behind the Scenes with Data at the IMF : An IEO Evaluation

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 April 2016

ISBN: 9781498385985

Keywords: data, data quality, data provision, data assets, surveillance, resources, International Monetary Fund, Independent Evaluation Office, IMF, IEO

As part of the 2012 Review of Data Provision to the Fund (IMF, 2012b), the IMF Statistics Department (STA) and Strategy, Policy, and Review Department (SPR) jointly reviewed a sample of 50 staff reports for...

Annex 4. Key Data-Related Findings in Selected IEO Evaluations and IMF Policy Reviews1

Annex 4. Key Data-Related Findings in Selected IEO Evaluations and IMF Policy Reviews1 »

Source: Behind the Scenes with Data at the IMF : An IEO Evaluation

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 April 2016

ISBN: 9781498385985

Keywords: data, data quality, data provision, data assets, surveillance, resources, International Monetary Fund, Independent Evaluation Office, IMF, IEO

IEO Evaluations IMF Response to the Financial and Economic Crisis (2014) While data shortfalls may not have been the main reason the Fund missed the cr...

Annex 1. Key IMF Databases and Data Initiatives

Annex 1. Key IMF Databases and Data Initiatives »

Source: Behind the Scenes with Data at the IMF : An IEO Evaluation

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 April 2016

ISBN: 9781498385985

Keywords: data, data quality, data provision, data assets, surveillance, resources, International Monetary Fund, Independent Evaluation Office, IMF, IEO

This annex provides a brief, but non-exhaustive, description of two of the most important IMF databases, IMF data dissemination standards, and recent or revamped IMF data-related initiatives. For more inform...

Annex 7. Past Work on Data Management Issues at the IMF

Annex 7. Past Work on Data Management Issues at the IMF »

Source: Behind the Scenes with Data at the IMF : An IEO Evaluation

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 April 2016

ISBN: 9781498385985

Keywords: data, data quality, data provision, data assets, surveillance, resources, International Monetary Fund, Independent Evaluation Office, IMF, IEO

Studies of the Fund’s data management problems date at least from the 1960s. The following selectively documents the many efforts by the Fund to tackle these problems: 1...

Annex 2. Summary of Background Papers and Document

Annex 2. Summary of Background Papers and Document »

Source: Behind the Scenes with Data at the IMF : An IEO Evaluation

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 April 2016

ISBN: 9781498385985

Keywords: data, data quality, data provision, data assets, surveillance, resources, International Monetary Fund, Independent Evaluation Office, IMF, IEO

BP/16/01. The Rules of the Game: Data-Related Mandate, Obligations, and Practices at the IMF This paper describes the evolution of and current set of obligations and practices for da...

Behind the Scenes with Data at the IMF
			: An IEO Evaluation

Behind the Scenes with Data at the IMF : An IEO Evaluation »

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 April 2016

DOI: http://dx.doi.org/10.5089/9781498385985.017

ISBN: 9781498385985

Keywords: data, data quality, data provision, data assets, surveillance, resources, International Monetary Fund, Independent Evaluation Office, IMF, IEO

This report examines whether the IMF has effectively leveraged an important asset: data. It finds that in general, the IMF has been able to rely on a large amount of data of acceptable quality, and that data provis...

Back Matter

Back Matter »

Source: Behind the Scenes with Data at the IMF : An IEO Evaluation

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 April 2016

ISBN: 9781498385985

Keywords: data, data quality, data provision, data assets, surveillance, resources, International Monetary Fund, Independent Evaluation Office, IMF, IEO

This report examines whether the IMF has effectively leveraged an important asset: data. It finds that in general, the IMF has been able to rely on a large amount of data of acceptable quality, and that data provis...

Front Matter

Front Matter »

Source: Behind the Scenes with Data at the IMF : An IEO Evaluation

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 April 2016

ISBN: 9781498385985

Keywords: data, data quality, data provision, data assets, surveillance, resources, International Monetary Fund, Independent Evaluation Office, IMF, IEO

This report examines whether the IMF has effectively leveraged an important asset: data. It finds that in general, the IMF has been able to rely on a large amount of data of acceptable quality, and that data provis...