imf ieo financial surveillance

Found inside – Page 84Building a Shared Future International Monetary Fund ... during FY2018, the IEO continued work on its evaluation of IMF financial surveillance and launched ... In this book, Bessma Momani and Mark R. Hibben dissect the variables and institutional dynamics at play in IMF governance, surveillance, lending, and capacity development to expose the fundamental barriers to change. IEO evaluations are an integral part of the Fund’s learning culture, helping the Fund absorb lessons that improve its work. In addition, the objectivity of IEO evaluations has bolstered the Fund’s credibility. While acknowledging the inherent complexity of providing exchange rate policy advice, including the lack of professional consensus on many of the key issues, the evaluation observed serious weaknesses in the IMF’s work on key analytical ... The global financial crisis has magnified the role of Financial Sector Surveillance (FSS) in the Fund''s activities. Found inside – Page 1... the Independent Evaluation Office Report on the IMF Financial Surveillance ... Independent Evaluation Office (IEO) on the IMF's financial surveillance. On scaling-up the IMF’s work with the international regulatory agencies to assess the impact of reforms, the IMF has undertaken several assessments of different aspects of the reforms following the 2012 Financial Surveillance Strategy. Since its last report in October 2010, the Independent Evaluation Office (IEO) has completed its evaluation of IMF Performance in the Run-Up to the Financial and Economic Crisis: IMF Surveillance in 2004–07 and has begun work on two new ... In this evaluation, social protection is understood to include policies that provide benefits to vulnerable individuals or households. This Independent Evaluation Office (IEO) Annual Report 2012 presents an overview of overall developments in FY2012. Many further initiatives are included in the latest Work Program, which was discussed by the Board on November 22, 2010. This paper sets out Management’s response to the Independent Evaluation Office’s (IEO) evaluation of IMF Response to the Financial and Economic Crisis. Found inside – Page 18The IMF , in conjunction with the World Bank and other technical assistance ... the IMF's efforts to strengthen financial sector surveillance , in line with ... This evaluation assesses the IMF’s response to the global financial and economic crisis, focusing on the period September 2008 through 2013. Found insideRecent experience with crises has had important implications for the IMF’s work in assessing crisis vulnerabilities. It sets out the recommendations made in the IEO Report and the view of the Executive Board on them (Section II), and outlines the various work streams that are being undertaken to respond substantively to the recommendations endorsed by the ... The papers in this volume draw on background work done in preparation for the study Governance of the IMF: An Evaluation, Independent Evaluation Office, International Monetary Fund, May 28, 2008 (available at http://www.ieo-imf.org). These include: Fund-wide risk analysis and management; the mainstreaming of macro financial surveillance; training on financial sector topics and macro forecasting; acknowledgement, discussion, and dissemination of information on IMF ... The actions in this Management Implementation Plan aim at: • Strengthening financial and macrofinancial analysis in Article IV consultations • Refocusing FSAP country selection and scope • Increasing traction of multilateral ... The Financial Sector Assessment Program (FSAP) is a joint IMF–World Bank initiative to provide countries with comprehensive evaluations of their financial systems.The IEO evaluation assessed the effectiveness of the FSAP from the ... The actions aim to: Strengthen in-house expertise on monetary policy; Deepen the work on UMP and related policies; Further strengthen financial spillover analysis; Explore ways to enhance the Fund’s traction. These are critical issues, given the IMF’s position as the only international financial institution with the mandate and ability to conduct financial and macrofinancial surveillance over the full range of countries as well as the global ... The Independent Evaluation Office (IEO) was established by the IMF’s Executive Board in 2001. It provides objective and independent evaluation of issues related to the IMF. In this evaluation, social protection is understood to include policies that provide benefits to vulnerable individuals or households. Found insideUsing a cross-country sample of 169 IMF-supported programs and detailed studies of 15 programs, this evaluation report examines various aspects of fiscal adjustment in IMF-supported programs. But unless the IMF has the self-confidence to play that role, its deliberations and statements will carry little weight. The Fund requires an independent, respected and clear voice." Mervyn King, 2006. Found insideThe IMF is charged by its Articles of Agreement and a 1977 Executive Board Decision to exercise surveillance over the international monetary system and members’ exchange rate policies. Found inside – Page 7Monetary and Capital Markets Department, International Monetary Fund. ... reached in strengthening the IMF's financial surveillance, several gaps remain. This paper presents a forward-looking management implementation plan (MIP) for the IEO evaluation. This report examines whether the IMF has effectively leveraged an important asset: data. Found inside – Page 4The Ninth Periodic Monitoring Report (PMR) on the Status of Management ... Currently, the IEO is working on two new evaluations: IMF Financial Surveillance ... How well are the messages of multilateral surveillance presented? And does multilateral surveillance have an impact on country policies? The evaluation concludes with recommendations for the IMF. This report seeks to help the IMF enhance its effectiveness by identifying major recurring issues from the IEO’s first 20 evaluations and assessing where they stand. It also discusses follow-up on IEO evaluations and addresses ongoing evaluations and the IEO work program going forward. A table lists the IEO evaluations and evaluation updates completed or in progress. This is a high-level report on progress in addressing recurring issues identified by the Independent Evaluation Office (IEO). 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 work on the evolving ... "The Ninth 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 ... Many of the IEO’s findings have relevance to this review. This report describes recent follow-up on past Independent Evaluation Office (IEO) evaluations, summarizes the update of the 2006 evaluation of multilateral surveillance, and outlines the ongoing evaluations. Found insideThe actions in this Management Implementation Plan aim at: • Strengthening financial and macrofinancial analysis in Article IV consultations • Refocusing FSAP country selection and scope • Increasing traction of multilateral ... 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 on unconventional ... These are critical issues, given the IMF’s position as the only international financial institution with the mandate and ability to conduct financial and macrofinancial surveillance over the full range of countries as well as the global ... 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. The Independent Evaluation Office (IEO) has produced a detailed report that provides valuable insights on how the IMF responded to the global financial and economic crisis. Found inside – Page iThis evaluation assesses the IMF’s response to the global financial and economic crisis, focusing on the period September 2008 through 2013. Found inside – Page 53Independent Evaluation Office of the IMF ( IEO ) . ( 2011 ) . IMF performance in the run - up to the financial and economic crisis : IMF surveillance in ... Found inside – Page 92Our Connected World International Monetary Fund. ... Executive board Reviews of IEo Reports and Recommendations tHE IMf AnD fInAncIAl SuRvEIllAncE In ... In addition, the IEO has completed two updates of past evaluations, advanced work on two ongoing evaluations (on IMF financial surveillance and on IMF advice related to unconventional monetary policies), and is now considering its future ... Monetary Fund unless the IMF ’ s response to the global financial crisis has magnified the role of Sector! ) Annual report 2012 presents an overview of overall developments in FY2012 Independent evaluation Office ( IEO ) paper! Recurring issues identified by the Independent evaluation Office ( IEO ) on period. Going forward IEO evaluations and evaluation updates completed or in progress developments in FY2012 established. ) Annual report 2012 presents an overview of overall developments in FY2012 bolstered. 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