The Chair’s Summing Up Independent Evaluation Office—The IMF’s Emergency Response to the COVID-19 Pandemic

March 20, 2023

Preview Citation

Format: Chicago

The Chair’s Summing Up Independent Evaluation Office—The IMF’s Emergency Response to the COVID-19 Pandemic, (USA: International Monetary Fund, 2023) accessed November 21, 2024

Summary

(IEO), which provides an early evaluation of the Fund’s emergency response to the initial stage of the COVID-19 pandemic and seeks to draw lessons from the experience for responding to possible future global crises. They highlighted the report’s key finding that the Fund’s response was effective and agile to a crisis like no other, despite the extraordinary challenges and risks, as the Fund rapidly adapted its lending framework and internal processes to serve the membership, help to close large financing gaps, and give confidence to the membership and markets by making its resources available expeditiously under adequate safeguards. Besides lending, Directors noted that the Fund also undertook useful analytical work and gave extensive and timely policy advice and capacity development. They welcomed the report’s finding that the Fund’s corporate response was adapted quickly, including by reprioritizing work, introducing HR and budget initiatives, and swiftly embracing the virtual environment. Directors especially commended staff for their strong dedication during these challenging circumstances.

Subject: COVID-19, Health, Monetary policy, Political economy

Keywords: COVID-19, Enterprise risk assessment, Global, IEO evaluation, IEO recommendation

Publication Details

Pages:

3
Volume:

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DOI:

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Issue:

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Series:

Policy Paper No. 2023/009
Stock No:

PPEA2023009
ISBN:

9798400236679
ISSN:

2663-3493

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