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International Monetary Fund. Independent Evaluation Office

). 9. While the evolution of data activities at the IMF has followed the changing needs of the institution, the process has been neither smooth nor continuous. Innovation has largely come in irregular spurts, often prompted by a crisis that laid bare some inadequacy in the existing statistical toolkit ( Reichmann, 2016 ). Indeed, data deficiencies were identified among the contributing factors for failing to foresee and/or mitigate the severity of the major economic crises of recent times. Thus, concerted efforts at improving the Fund’s statistical arrangements over

International Monetary Fund. Independent Evaluation Office

5. This evaluation focuses on the broad spectrum of data activities associated with the IMF’s core strategic operations—surveillance and lending 2 —and also on the role of the IMF as a key provider of a public good, namely economic and financial statistics for the use of the international community. 3 It emphasizes data practices and developments during the past five years and addresses the following questions: (a) Do the IMF’s practices/policies with respect to data and statistics provide effective support for the conduct of Fund operations? Is the

International Monetary Fund

July 29, 2009 The information below has become available following the issuance of the staff report. It does not alter the thrust of the staff appraisal. 1. Recent Data Activity rebounded strongly in the second quarter. On advanced estimates, GDP growth (q/q saar) jumped to 20.4 percent, after 4 quarters of output contraction. On a year-on-year basis, GDP fell 3.7 percent, a slower rate of decline than that in Q1 2009 (9.6 percent) and Q4 2008 (4.2 percent). However, June industrial production (down 9.3 percent reflecting a sharp slowdown in

International Monetary Fund

the broad spectrum of the institution’s data activities—including data provision (and associated measures to improve quality and availability), management, dissemination, policies, and use—are adequate for fulfilling the IMF’s mandate, in particular with respect to surveillance and lending, amidst a rapidly evolving global economy. The evaluation of the IMF and the euro area follows on the evaluation of the IMF Response to the Financial and Economic Crisis , completed in October 2014. The euro area evaluation focuses on the IMF’s role during the banking and

International Monetary Fund. Independent Evaluation Office

the Fund in this area, in the short term, the gaps in metadata—clearly explaining the sources and attributes of the different datasets—need to be filled, while, with a long-term perspective, the Fund’s capacity-building activities (which are highly appreciated) should continue to contribute to strengthening countries’ statistical systems. 117. Finally, an environment of fiscal austerity , in both the Fund and member countries, has put any focus on data activities on the back burner—in direct contrast to the fact that an increasingly complex, interlinked global

International Monetary Fund. Middle East and Central Asia Dept.

, education, and SDGs. Moving forward, the World Bank is supporting the Ministry of Finance with fiscal coordination among the Emirates, and will support efforts at the national and Emirate levels in the domains of diversification, education, efficiency and effectiveness of public resource utilization, as well as planning and visioning exercises. Counterpart Agency – Basic Activity Data Activity Description Current status Ministry of Finance PFM Legislation Review (P157431) Project Dates: 12/8/15 to 12/31/16 TTL: Manuel Vargas

International Monetary Fund. Middle East and Central Asia Dept.

and the environment. Current engagements include a multi-year land management modernization project with the Ministry of Finance and the State Property Sector and a solid waste management project with the Kuwait Municipality. Pipeline activities include support to the new Transport Authority, Tourism Development, and e-government services at the Kuwait Municipality. ONGOING ACTIVITIES FOR FY16 AND BEYOND Counterpart Agency – Basic Activity Data Activity Description I. PUBLIC SECTOR PEFORMANCE & CITIZEN ACCOUNTABILITY

International Monetary Fund. Middle East and Central Asia Dept.

for FY15 and Beyond Counterpart Agency – Basic Activity Data Activity Description I. IMPROVING PUBLIC SECTOR PEFORMANCE Ministry of Finance (MoF) Tax Modernization – Phase II (P150889) The World Bank is supporting efforts by the Kuwaiti Government to modernize tax administration. This activity aims to continue capacity building support started during the first phase through intensive training in tax operations and modern techniques of tax administration, as well as through on-the-job training by experts. Municipality of

International Monetary Fund. Middle East and Central Asia Dept.