- International Monetary Fund. Independent Evaluation Office
- Published Date:
- October 2017
Independent Evaluation Office of the International Monetary Fund (IEO), 2011, IMF Performance in the Run-Up to the Financial and Economic Crisis: IMF Surveillance in 2004–07 (Washington: International Monetary Fund).
Independent Evaluation Office of the International Monetary Fund (IEO), 2014a, IMF Response to the Financial and Economic Crisis (Washington: International Monetary Fund).
Independent Evaluation Office of the International Monetary Fund (IEO), 2014b, Recurring Issues from a Decade of Evaluation: Lessons for the IMF (Washington: International Monetary Fund).
International Monetary Fund (IMF), 2017, “Eighth Periodic Monitoring Report on the Status of Implementation Plans in Response to Board-Endorsed IEO Recommendations” (Washington).
Lamdany, R., and H.Edison,2012 (eds.), Independent Evaluation at the IMF: The First Decade (Washington: International Monetary Fund).
Schwartz, M. J., and R.C.Rist, 2016 (eds.), The International Monetary Fund and the Learning Organization: The Role of Independent Evaluation (Washington: International Monetary Fund).
About the IEO
Established in 2001, the Independent Evaluation Office (IEO) conducts independent and objective evaluations of the IMF’s policies, activities, and products. In accordance with its terms of reference, it pursues three interrelated objectives:
To “support the Executive Board’s institutional governance and oversight responsibilities” by contributing to accountability.
To “enhance the learning culture within the Fund” by increasing the ability to draw lessons and integrate improvements.
To “strengthen the Fund’s external credibility” through enhanced transparency and better understanding of the work of the IMF.
Independence is the fundamental anchor of the IEO’s work: it is completely independent from the IMF’s management team and staff, and operates at “arm’s length from the Executive Board.” Its budget is also independent from the Fund’s (it accounts for about 0.5 percent of the institution’s total budget), but subject to the same control procedures. The IEO is entitled to access any internal information and documents with very limited exceptions. The office’s work is evaluated periodically by external experts. For further information on the IEO and its ongoing and completed evaluations, please see www.ieo-imf.org or contact the IEO at +1 202 6237312 or at