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International Monetary Fund. Office of Internal Audit
The Eleventh Periodic Monitoring Report (PMR) on the Status of Management Implementation Plans (MIPs) in Response to Board-Endorsed Independent Evaluation Office (IEO) Recommendations assessed the progress made over the past 18 months on 72 actions contained in 10 MIPs. Significant progress has been made with the implementation of management actions, despite challenges that have arisen from the ongoing COVID-19 pandemic. Overall, 29 of the 72 actions for which implementation progress is assessed in the Eleventh PMR were deemed to have been satisfactorily implemented, while 35 remain open, and eight actions are being reformulated in line with the Board-approved triage framework for long-standing open actions. Despite the effect of reprioritization to make space for the urgent needs of the membership resulting from the pandemic, the pace of implementation observed in the Eleventh PMR, with the 29 actions closed, significantly exceeds the previous trend of about 15 implemented actions per year. Of the 35 open actions, 16 are more than one year past their implementation due dates. The reprioritization of activities owing to the COVID-19 pandemic and resource constraints on account of several years of flat budgets led to delays in the implementation of several actions, partly because of the postponement of important reviews.
International Monetary Fund. Office of Internal Audit

categorization of actions that remain relevant for members, but for which there was no direct or comprehensive oversight mechanism, would be retained under PMR monitoring. 6. The Eleventh PMR covers 10 MIPs containing 72 actions: three new MIPs in response to recent IEO evaluations issued after the Tenth PMR (containing 41 actions), and another seven MIPs in response to older evaluations (containing 31 actions that were classified as open after the Tenth PMR). 5 The 10 MIPs being considered in the Eleventh PMR are those arising from the following IEO evaluations: (i) IMF

International Monetary Fund. Office of Internal Audit

Status of Management Implementation Plans in Response to Board-Endorsed IEO Recommendations FOR IMMEDIATE RELEASE Washington, DC – November 29, 2021 : The Executive Board of the International Monetary Fund (IMF) concluded the Eleventh Periodic Monitoring Report (PMR) on the Status of Management Implementation Plans (MIPs) in Response to Board-Endorsed Independent Evaluation Office (IEO) Recommendations . Since being instituted in January 2007, the PMR has been reporting on the state of implementation of Board-endorsed IEO recommendations. The Eleventh PMR