Implementation Plan in Response to the Board-Endorsed Recommendations from the IEO Evaluation Report on IMF Engagement with Small Developing States

Policy Papers, March 24, 2023

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Presents a Management Implementation Plan (MIP) with actions to take forward the Board-endorsed recommendations from the Independent Evaluation Office (IEO)’s report on IMF Engagement with Small Developing States (SDS).
Actions in the MIP are broad in scope, touching on all modalities of the Fund’s engagement with SDS.
The MIP is designed to be comprehensive, self-reinforcing, cost-effective, and adopted as a package.

Support a targeted and effective recalibration of engagement with SDS.
Enhance IMF’s surveillance and capacity development in SDS members.
Strengthen the Fund’s lending engagement with SDS, in line with the applicable policy frameworks.
Secure an effective, well-tailored and more continuous staff presence in SDS.

Broad coverage across all modalities of Fund engagement with SDS.
Emphasis on being self-reinforcing across measures.
Focus on cost-effectiveness.
Intention to implement actions as an integrated package rather than isolated measures.

Surveillance and capacity development in SDS members.
Lending engagement consistent with applicable policy frameworks.
Staff presence: ensuring an effective, well-tailored, and more continuous staff presence in SDS.
Recalibration of engagement to be targeted and effective.

Subjects: Budget planning and preparation, Climate change, Economic sectors, Environment, Financial sector, Monetary policy, Political economy, Public financial management (PFM).
Keywords: Budget planning and preparation, Capacity development, Caribbean, Central America, climate, Climate change, Financial sector, Global, IMF's transparency policy, lending, policy frameworks, presence in SDS, SDS member, SDS staff guidance note, SDS-SGN update, small developing states, staffing, surveillance, training.