The Unassuming Economist

From the 2018 IEO Dialogue:

“In January 2018, the Executive Board approved a Management Implementation Plan (MIP) prepared by IMF staff to follow up on the 2017 evaluation of THE IMF AND FRAGILE STATES. IMF staff will prepare a paper laying out a clear strategic framework to guide IMF involvement in social protection, for consideration by the Board in February 2019. This framework will discuss how to assess the macro-criticality of social protection and will lay out more effective approaches to program design for both concessional and non-concessional lending to mitigate adverse impacts of program measures on the most vulnerable.”

“In the last few months, the IMF has taken important actions to follow up on earlier evaluations. In February, the Executive Board approved general guidance on Fund engagement with currency unions when the policies of union-level institutions are critical to the success of Fund-supported programs—a step recommended in the 2016 evaluation of The IMF and the Crises in Greece, Ireland, and Portugal. Acting on recommendations of the 2016 IEO evaluation of Data at the IMF, the Executive Board approved an “Overarching Strategy on Data and Statistics at the Fund in the Digital Age” that sets a course for the IMF to better respond to the challenges and opportunities of digitalization.”

(From left to right) Prakash Loungani, IEO Advisor; Charles Collyns, IEO Director; Montek Singh Ahluwalia, former Deputy Chairman of the Planning Commission and former IEO Director; and N.K. Singh, Chairman of Fifteenth Finance Commission, participate in a seminar in New Delhi, India in February 2018.