Policy Papers

The Chair’s Summing Up Independent Evaluation Office—The IMF’s Exceptional Access Policy: Executive Board Meeting: Executive Board Meeting December 5, 2024

December 12, 2024

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Format: Chicago

International Monetary Fund. Independent Evaluation Office "The Chair’s Summing Up Independent Evaluation Office—The IMF’s Exceptional Access Policy: Executive Board Meeting: Executive Board Meeting December 5, 2024", Policy Papers 2024, 062 (2024), accessed December 23, 2024, https://doi.org/10.5089/9798400295508.007

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Summary

Executive Directors welcomed the report of the Independent Evaluation Office (IEO) on the IMF’s Exceptional Access Policy (EAP), encompassing the policy’s objectives and design, successive reforms, and experience with its implementation. They recognized that the Fund has sought to find a generally good balance between rules and flexibility in applying the EAP, while reinforcing transparency and accountability and adopting adequate safeguards. Directors generally concurred with the thrust of the evaluation that the EAP provided a structured framework for higher scrutiny through the exceptional access criteria (EAC) and enhanced decision making procedures, while maintaining flexibility through room for judgment in assessing the EAC.

Keywords: Global

Publication Details

Notes

Statement by the Managing Director on the Independent Evaluation Office Report on the IMF’s Exceptional Access Policy: Executive Board Meeting December 5, 2024

 

The IMF’s Exceptional Access Policy: Evaluation Report, December 2024