Public Information Notice: IMF Executive Board Discusses Implementation Plan Following IEO Evaluation of IMF Involvement in International Trade Policy Issues
March 2, 2010
Public Information Notices (PINs) form part of the IMF's efforts to promote transparency of the IMF's views and analysis of economic developments and policies. With the consent of the country (or countries) concerned, PINs are issued after Executive Board discussions of Article IV consultations with member countries, of its surveillance of developments at the regional level, of post-program monitoring, and of ex post assessments of member countries with longer-term program engagements. PINs are also issued after Executive Board discussions of general policy matters, unless otherwise decided by the Executive Board in a particular case.
March 2, 2010
On December 17, 2009, 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 IMF Involvement in International Trade Policy Issues.
Background
On June 8, 2009, the Executive Board discussed the Independent Evaluation Office's (IEO’s) IMF Involvement in International Trade Policy Issues. In that report, the IEO put forward a set of recommendations aimed at prioritizing the Fund’s work on trade within its existing resource envelope.
Based on those IEO recommendations that were endorsed by the Board, staff and management have prepared an implementation plan. 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.
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