Press Release No. 13/302

Press Release: IMF Executive Board Discusses Implementation Plan in Response to Board-Endorsed Recommendations for the IEO Evaluation of the Role of the IMF as Trusted Advisor

August 6, 2013

On June 6 the Executive Board of the International Monetary Fund (IMF) agreed to the implementation plan in response to board-endorsed recommendations arising from the Independent Evaluation Office (IEO) evaluation of the Role of the IMF as Trusted Advisor.

On February 1^st, 2013, the Executive Board discussed the Independent Evaluation Office’s Evaluation of the Role of the IMF as Trusted Advisor. In that report, the IEO evaluated in what circumstances the Fund is viewed as a trusted advisor to its member countries, and made recommendations aimed at addressing the key challenges identified by the evaluation.

The implementation plan is part of the framework established following an External Evaluation of the IEO that seeks to ensure a more systematic follow-up and monitoring of the implementation of Board-endorsed IEO recommendations. That framework envisages, amongst other things, the presentation to the Board of a forward-looking implementation plan for Board-endorsed recommendations soon after Board discussion of each IEO report. The Executive Board agreed that the proposals contained within Table 1 of the implementation plan fulfilled this requirement.