provide further updates as necessary on broader issues raised in the context of this report.
The Executive Board supports the conclusions in Paragraph 5 of the Fourth Periodic Monitoring Report on the Implementation of Board-EndorsedIEORecommendations.
Table A.1. Status of Implementation Plan in Response to Board-Endorsed Recommendations on Trade
A. Reviews of the Fund’s Work on Trade and Guidance to Staff
Based on recommendations endorsed by the Evaluation Committee of the Board (EVC), this paper proposes a framework to implement the recommendation of the Third External Evaluation of the IEO to address the backlog of open management actions included in the Management Implementation Plans (MIPs) in response to Board-endorsed IEO recommendations.
discussion, Executive Directors concurred with the need to continue improving the follow-up process to Board-endorsedIEOrecommendations and welcomed the recommendation to reinforce the accountability of Management and staff. Directors also appreciated the ongoing efforts to address the backlog of open management actions, particularly the work done by the Office of Internal Audit. Responses to all other recommendations of the Third External Evaluation of the IEO have been discussed separately by the EVC. 4
Addressing the Long-Standing Open Actions
4. This section
Periodic Monitoring Reports (PMRs) were established by the Executive Board in January 2007 to ensure the systematic monitoring of those IEO recommendations that the Board has endorsed. The first PMR was discussed by the Executive Board in January 20081 and the second PMR was discussed by the Evaluation Committee (EVC) in November 2008.2 This third report updates the status of the performance benchmarks related to IEO evaluations covered in the first and second PMRs and listed in Periodic Monitoring Report on the Status of Implementation Plans in Response to Board-Endorsed IEO Recommendations, Table 5. It also updates the implementation status of the management implementation plan (MIP) for Board-endorsed recommendations stemming from the IEO evaluation of "Structural Conditionality in IMF-Supported Programs."
Implementation Plans in Response to Board-EndorsedIEORecommendations , Table 5. It also updates the implementation status of the management implementation plan (MIP) for Board-endorsed recommendations stemming from the IEO evaluation of “Structural Conditionality in IMF-Supported Programs.”
2. The Executive Board discussed the IEO Evaluation of “IMF Involvement in International Trade Policy Issues” in June 2009 . The management implementation plan related to this evaluation will be discussed by the Executive Board later in 2009 and therefore this PMR does not report on