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International Monetary Fund

not explore the perspectives of development partners—though one bilateral aid agency volunteered inputs during the course of the review. One particular caveat in regard to the findings of the review relates to the relatively low response rate (less than 30 percent) on the FS authorities survey. That said, the authorities’ responses generally confirm messages conveyed in other contexts. Table 2. Main Source of Inputs to the Review Sources Comments Mission chief survey (43 questions) Response by 28 current and 2 former mission chiefs (of

International Monetary Fund
This review examines experience in implementing the lessons drawn in the 2011 Board paper on the Fund’s engagement with countries in post-conflict and fragile situations (more commonly referred to as fragile states (FS)) and the ensuing 2012 Guidance Note. The focus is on capacity building, Fund facilities and program design, and policy support. The review identifies scope to improve the Fund’s engagement in selected areas.
International Monetary Fund. Independent Evaluation Office

18. There is a disconnect between the perceptions of staff and of the authorities regarding the quality of IMF exchange rate analysis and assessment—particu-larly in respect of advice to major advanced and large emerging market economies. While two-thirds of all staff respondents considered that the IMF’s exchange rate policy advice had improved or significantly improved over the period covered by the evaluation (since about 1999), country authorities overall were less convinced. Just over half of authoritiessurvey respondents saw improvement. Responses