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International Monetary Fund

improve data collection, transformation, and dissemination; the candid reporting of data shortfalls and remedial steps; and a view of how the Fund can stay at the forefront of data and statistical developments. Directors acknowledged that the decision on Management oversight of STA and the data management structure will be part of the strategic review. Directors agreed to define and prioritize the Fund’s data needs and support data provision by members. They stressed that the Fund’s minimum data requirements should be prioritized taking into account benefits, costs

International Monetary Fund
This paper sets out Management’s response to the Independent Evaluation Office’s (IEO) report entitled Behind the Scenes with Data at the IMF: An IEO Evaluation. The implementation plan proposes specific actions to address the recommendations of the IEO that were endorsed by the Board in its March 17, 2016 discussion of the IEO’s report, namely: (i) develop a long-term strategy for data and statistics at the Fund; (ii) define and prioritize the Fund’s data needs and support data provision by member countries accordingly; (iii) reconsider the role and mandate of the Statistics Department; (iv) reexamine the staff’s structure of incentives in the area of data management; (v) make clear the limits of IMF responsibility regarding the quality of disseminated data, and clarify the distinction between “IMF data” and “official data.” The implementation of some of these proposed actions is already underway. The paper also explains how implementation will be monitored.
International Monetary Fund
International Monetary Fund. Independent Evaluation Office

institutional view of how the IMF can stay at the forefront of statistical developments (e.g., the future use of big data; 97 nowcasting to detect macroeconomic turning points, the growth of unstructured datasets, new technological innovations for delivering data from external sources). 111. Thus, a data strategy would be much more than a data management strategy and the associated information technology and budget issues, although these constitute important components. The data management structure recently put in place has spurred important progress, improving the

International Monetary Fund. Independent Evaluation Office

greater data challenges arising from the Fund’s reorientation toward multilateral and financial surveillance provide clear rationale for improving IMF data and statistics. At the same time, the progress made under the Fund’s new internal data management structure and the associated initiatives, together with the renewed impetus in STA toward increased cooperation with the rest of the IMF and greater internal-service orientation, offer a solid institutional foundation for transformation. Finally, technological advances provide a strong basis for sustained progress toward

International Monetary Fund

critical role of helping to secure global macro-financial stability. 3. In the aftermath of crises, data have often been put at the forefront, prompting important changes in the Fund’s approach to data. Yet, once these crises subside, data issues typically receive low priority, being viewed as mere support activities to the Fund’s strategic operations. The cause of some data deficiencies lie outside the IMF itself. Nonetheless, internal institutional constraints, data management structures, incentive systems, and quality control mechanisms have hampered effective flows

International Monetary Fund
This progress report presents the key conclusions and recommendations of the IEO evaluation of data and statistics at the IMF that was discussed by the Executive Board on March 17, 2016. It also summarizes the IMF's plan, approved by the Board in December 2015, for implementing the recommendations from the IEO evaluation of the IMF Response to the Financial and Economic Crisis and describes the IEO’s ongoing work.
International Monetary Fund
This report summarizes the outcome of the IEO’s evaluation of The IMF and the Crises in Greece, Ireland, and Portugal, discussed by the Executive Board on July 19, 2016, and reports on recent follow-up and ongoing IEO work.
International Monetary Fund. Strategy, Policy, & and Review Department
This paper undertakes a triage of the backlog of open actions in Management Implementation Plans (MIPs) responding to recommendations by the Independent Evaluation Office (IEO), based on the Framework endorsed by the Board in March 2019.
International Monetary Fund. Strategy, Policy, & and Review Department

will help guide future capacity development and methodological work with member countries to facilitate data provisioning to the Fund. STA, SPR FY2018 1.24 Revisit the role and mandate of STA to ensure that it is in line with the Fund core operations. The decision on whether to move the new data management structure into STA will be taken in the context of the long-term strategy. STA Sept. 2017 1.25 Review data publications, databases, and data sharing within the membership and among international agencies. STA N/A 1