Review of Institutional Safeguards

Policy Papers, June 30, 2022

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Ensuring the integrity of data and analysis is fundamental to the Fund’s ability to deliver on its mandate.
A Working Group on Data and Analysis Integrity (WGDAI) was established as part of the Fund’s institutional safeguards review to assess the possible need for changes in processes safeguarding the integrity of data and analysis at the Fund.
The IMF primarily uses data supplied by its membership to fulfil its core mandate.
The IMF has initiated and progressively enhanced a number of initiatives to help members prepare official data of adequate quality.
Assessing data integrity and supporting countries’ efforts to achieve high standards has required a sustained commitment on the part of the Fund.

Institutional safeguards review includes specific focus on data and analysis integrity through WGDAI.
Reliance on member-supplied official data underscores importance of country capacity and quality assurance.
Ongoing and progressively enhanced IMF initiatives aim to assist members in preparing official data of adequate quality.
Sustained Fund commitment is necessary for assessing and supporting data integrity standards across membership.

Subjects listed: Bank resolution framework, Debt sustainability analysis, Dispute resolution, Employment, External debt, Financial crises, International organization, Labor, Monetary policy, Political economy, Revenue administration
Keywords listed: Bank resolution framework, data integrity, Debt sustainability analysis, Dispute resolution, Employment, Fund staff, Global, policy advice, staff analysis, staff voice