Front Matter Page
IMF POLICY PAPER
TENTH PERIODIC MONITORING REPORT ON THE STATUS OF MANAGEMENT IMPLEMENTATION PLANS IN RESPONSE TO BOARD-ENDORSED IEO RECOMMENDATIONS
March 2020
IMF staff regularly produces papers proposing new IMF policies, exploring options for reform, or reviewing existing IMF policies and operations. The following documents have been released and are included in this package:
A Press Release summarizing the views of the Executive Board as expressed during its February 10, 2020 consideration of the staff report.
The Staff Report, prepared by IMF staff and completed on December 20, 2019 for the Executive Board’s consideration on February 10. 2020.
A Proposed Decision that was approved by the Executive Board on February 10, 2020.
The IMF’s transparency policy allows for the deletion of market-sensitive information and premature disclosure of the authorities’ policy intentions in published staff reports and other documents.
Electronic copies of IMF Policy Papers are available to the public from http://www.imf.org/external/pp/ppindex.aspx
International Monetary Fund
Washington, D.C.
© 20[xx] International Monetary Fund
Front Matter Page
TENTH PERIODIC MONITORING REPORT ON THE STATUS OF MANAGEMENT IMPLEMENTATION PLANS IN RESPONSE TO BOARD-ENDORSED IEO RECOMMENDATIONS
December 13, 2019
Executive Summary
The Tenth Periodic Monitoring Report (PMR) on the Status of Management Implementation Plans (MIPs) in Response to Board-Endorsed Independent Evaluation Office (IEO) Recommendations assesses the progress made over the last year on actions contained in 10 MIPs with open management actions.
Over the past year, progress on implementation of management actions continued, with a faster pace observed on actions contained in recent MIPs, relative to older ones. Of the 62 actions for which implementation progress is assessed in this PMR, 16 were implemented during the past year and 46 remain open. Of the 16 actions that were implemented, 12 are related to MIPs approved after 2015 and four are from older MIPs. Of the 46 actions that remain open, 24 face implementation challenges and are mostly from older MIPs. Following the trends reported in previous PMRs, improvements in the follow-up process approved by the Executive Board in October 2015 continue to contribute to relatively speedier implementation of newer actions.
Management and staff are reviewing actions with implementation challenges, with the objective of proposing appropriate interventions for Executive Board consideration, focusing on high-priority actions. A companion paper to this PMR (“categorization paper”), authored by SPR in consultation with OIA and accountable departments, contains proposals for Executive Board consideration for the 24 actions that have been identified in this PMR as facing implementation challenges.
Despite the challenges with older MIPs, many of the actions in recent MIPs continue to make significant progress towards full implementation. Strong progress is being made on actions in response to the IEO evaluations on The IMF and Social Protection (2017) and The IMF and Fragile States (2018). Despite some challenges with a few actions, the MIP for the IEO evaluation – Behind the Scenes with Data at the IMF (2016) – is similarly making good progress towards many actions that are due in the future. A number of actions are delayed beyond their original target implementation dates but continue to make progress. Where applicable, expected completion dates are indicated, based on OIA’s assessment of current progress.
Approved By
Nancy Onyango
Prepared by Office of Internal Audit
Contents
Glossary
OVERVIEW
IMPLEMENTATION STATUS OF MANAGEMENT ACTIONS
A. The IMF and Fragile States (2018)
B. The IMF and Social Protection (2017)
C. The IMF and the Crises in Greece, Ireland, and Portugal (2016)
D. Behind the Scenes with Data at the IMF (2016)
E. Self-Evaluation at the IMF: An IEO Assessment (2015)
F. IMF Response to the Financial and Economic Crises (2014)
G. IMF Forecasts: Process, Quality, and Country Perspectives (2014)
H. The Role of the IMF as Trusted Advisor (2013)
I. Research at the IMF – Relevance and Utilization (2011)
J. IMF Performance in the Run-Up to the Financial and Economic Crisis (2011)
FIGURES
1. High Level View of the Evaluation and Follow-up Process
2. Status of Management Actions
3. Management Actions Contained in Successive PMRs
Glossary
| BSA |
Balance Sheet Analysis |
| CD |
Capacity Development |
| CPA |
Consistent Policy Assessment |
| CSR |
Comprehensive Surveillance Reviews |
| CTS |
Catalogue of Time Series |
| D4D |
Data for Decisions |
| DGG |
Data Governance Group |
| DPF |
Data Provision to the Fund for Surveillance Purposes |
| DSBB |
Dissemination Standards Bulletin Board |
| EBA |
External Balance Assessment |
| e-GDDS |
Enhanced General Data Dissemination System |
| EVC |
Evaluation Committee of the Executive Board |
| FCS |
Fragile and Conflict-affected States |
| FSAP |
Financial Sector Assessment Program |
| FSSF |
Financial Sector Stability Fund |
| GDP |
Gross Domestic Product |
| GRA |
General Resources Account |
| IEO |
Independent Evaluation Office |
| ISR |
Interim Surveillance Review |
| LICs |
Low Income Countries |
| MIPs |
Management Implementation Plans |
| MONA |
Monitoring of Fund Arrangements Database |
| NSDP |
National Summary Data Pages |
| OEDs |
Offices of the Executive Directors |
| PMR |
Periodic Monitoring Report |
| PRGT |
Poverty Reduction and Growth Trust |
| ROSC |
Report on the Observance of Standards and Codes |
| SC |
Structured Curriculum |
| SDDS |
Special Data Dissemination Standard |
| SDN |
Staff Discussion Notes |
| SIA |
Statistical Issues Appendix |
| SPIAC-B |
Social Protection Inter-Agency Collaboration Board |
| SSBIG |
G20 Report on Strong, Sustainable, Balanced and Inclusive Growth |
| WEO |
World Economic Outlook |
Front Matter Page
Press Release No. 20/56
FOR IMMEDIATE RELEASE
February 18, 2020
International Monetary Fund
Washington, D.C. 20431 USA
Telephone 202–623–7100
Fax 202–623–6772
