Policy Papers

Implementing Board-Endorsed Recommendations From The 2024 External Evaluation Of The Fund’s Independent Evaluation Office (IEO)

November 7, 2024

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Format: Chicago

International Monetary Fund. Strategy, Policy, & Review Department "Implementing Board-Endorsed Recommendations From The 2024 External Evaluation Of The Fund’s Independent Evaluation Office (IEO)", Policy Papers 2024, 051 (2024), accessed November 12, 2024, https://0-doi-org.library.svsu.edu/10.5089/9798400291418.007

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Summary

This paper describes implementation steps related to the board-endorsed recommendations from the Fourth External Evaluation of the Fund's Independent Evaluation Office (The Garcia Silva Report). The Garcia Silva Report brought recommendations in six areas to further improve the IEO’s relevance and effectiveness: (i) Undertaking Early-Stage Evaluations, (ii) Review the IEO’s HR Policy, (iii) Topic Selection, (iv) IEO Product Line, (v) Follow-up process, and (vi) Joint evaluations with other International Financial Institutions' evaluators. Recommendations (i-iv) fall under the IEO’s purview, and recommendation (vi) was not endorsed by the Executive Board. Therefore, this paper focuses on staff’s proposals to enhance the ownership in implementation and the follow-up of Board-endorsed IEO recommendations (recommendation v).

Subject: Financial institutions, Multilateral development institutions

Keywords: 2024 External Evaluation Report of the IEO, External Evaluation of the Independent Evaluation Office (IEO), Global, Management Implementation Plan, Multilateral development institutions, The Garcia Silva Report

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