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Ongoing IEO Work Program EVALUATIONS STATUS Evaluation of Prolonged Use of IMF Resources Completed 08/02 The IMF and Recent Capital Account Crises: Indonesia, Korea, Brazil Completed 05/03 Fiscal Adjustment in IMF-Supported Programs Completed 08/03 Evaluation of the IMF’s Role in Poverty Reduction Strategy Papers and the Poverty Reduction and Growth Facility Completed 07/04 The IMF and Argentina, 1991–2001 Complete d 07/04 IMF Technical Assistance Completed 02/05 The IMF’s Approach to Capital

International Monetary Fund. Independent Evaluation Office

. Subsequently in July, the Director identified four additional projects to be added to the IEO work program. The selection reflected many factors, including judgment on overall importance, the balance of issues, and appropriate timing, as well as the degree of public criticism. In particular, IEO priorities, as well as timing, are significantly affected by the fact that several topics are now being reviewed in other contexts. The following four projects were added to the IEO’s work program (see Table 1.1 ) in July 2006: Aspects of IMF Corporate Governance—Including the

International Monetary Fund. Independent Evaluation Office

examine whether the analysis, conclusions, and recommendations of the original evaluations are still relevant. Table 1 shows the status of IEO evaluations and evaluation updates completed or in progress. Table 1. Completed and Ongoing IEO Work Program Project Status * Evaluations Evaluation of Prolonged Use of IMF Resources Completed (August 2002) The IMF and Recent Capital Account Crises Completed (May 2003) Fiscal Adjustment in IMF-Supported Programs Completed (July 2003) Evaluation of the IMF

International Monetary Fund. Independent Evaluation Office

Board on June 22, 2017. The Evaluation Committee of the Executive Board met in May 2017 to launch the process for a new periodic external evaluation of the IEO. In accordance with the IEO’s terms of reference, and following the first two antecedents—the Lissakers Report in 2006, and the Ocampo Report in 2013—a team of external experts will assess the effectiveness of the IEO and consider possible improvements to its structure, mandate, operational modalities, and terms of reference. Completed and Ongoing IEO Work Program EVALUATIONS STATUS

International Monetary Fund. Independent Evaluation Office

consulted with Executive Directors and other stakeholders on potential future evaluation topics based on this note. There was particular interest on evaluations focusing on macro-financial issues and their integration in IMF surveillance and program work, and on IMF engagement in fragile countries. The IEO will be launching new evaluations as the ongoing ones are completed. In addition, the IEO will continue its series of reports that revisit past IEO evaluations five to ten years after they were first issued. Table 1. Completed and Ongoing IEO Work Program

International Monetary Fund. Independent Evaluation Office

relevant and, to some extent, whether recommendations were implemented. Table 1 shows the status of IEO evaluations completed or in progress. Table 1. Completed and Ongoing IEO Work Program Project Status * Prolonged Use of IMF Resources Completed (August 2002) The IMF and Recent Capital Account Crises Completed (May 2003) Fiscal Adjustment in IMF-Supported Programs Completed (July 2003) The IMF and Argentina, 1999–2001 Completed (July 2004) The IMF’s Role in PRSPs and the PRGF Completed (June 2004

International Monetary Fund
Since its April 2006 Report, the IEO has continued work on three ongoing evaluations. It has considered and discussed a broad list of possible future evaluations with a wide range of stakeholders and announced its decision to add four of these to the IEO work program in the financial year 2007. IEO has also started to follow up on the recommendations of the report of the independent external evaluation of the IEO.
International Monetary Fund

1. Since its April 2006 Report, the IEO has continued work on three ongoing evaluations. It has considered and discussed a broad list of possible future evaluations with a wide range of stakeholders and announced its decision to add four of these to the IEO work program in the financial year 2007. IEO has also started to follow up on the recommendations of the report of the independent external evaluation of the IEO. 2. In the past few months the IEO has conducted outreach/held discussions on its recent evaluations involving surveillance topics (the main