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International Monetary Fund. Fiscal Affairs Dept., International Monetary Fund. Strategy, Policy, &, and Review Department
This Supplement presents an account of the extensive consultations and the results of various analyses that supported the development of “A Strategy for IMF Engagement on Social Spending.”
International Monetary Fund
The following is the provisional agenda for the Thirty-Second Meeting of the International Monetary and Financial Committee, which is to be convened in Lima, Peru, October 9-10, 2015.
International Monetary Fund
The framework guiding the IMF’s communications—established by the Executive Board in 2007—has enabled the institution to respond flexibly to the changing global context. The framework is based on four guiding principles: (i) deepening understanding and support for the Fund’s role and policies; (ii) better integrating communications into the IMF’s daily operations; (iii) raising the impact of new communications materials and technologies; and (iv) rebalancing outreach efforts to take account of different audiences. In addition, greater emphasis has been placed on strengthening internal communications to help ensure institutional coherence in the Fund’s outreach activities. Continued efforts are needed to strengthen communications going forward. Several issues deserve particular attention. First, taking further steps to ensure clarity and consistency in communication in a world where demand for Fund services continues to rise. Second, doing more to assess the impact of IMF communications and thus better inform efforts going forward. Third, engaging strategically and prudently with new media—including social media.
International Monetary Fund
At the recent Review of the Fund’s Transparency Policy on June 24, 2013, the Executive Board agreed to further consider options to reduce the time lag for public access to Executive Board meeting minutes under the Open Archives Policy. Although a majority of Executive Directors saw scope for reducing the time lag for public access to Board meeting minutes from five years to three years, a significant minority of Directors favored maintaining the existing lag in order to strike a balance between informing the public about the Board’s views and maintaining the candor of Board discussions. The Board requested that staff undertake further analysis of the issue. Accordingly, this paper provides a more detailed assessment of the current practice and a discussion of the potential costs and benefits of possible options for further reform.
International Monetary Fund
The following is the provisional agenda for the Twenty-Eight Meeting of the International Monetary and Financial Committee, which is to be convened at the IMF's Headquarters in Washington, D.C. on October 12, 2013
International Monetary Fund
We have been asked by the Executive Board of the International Monetary Fund to undertake an external review of the activities of its Independent Evaluation Office (IEO). This is the second such evaluation in the IEO’s twelve year history. The first review, led by Karin Lissakers (the “Lissakers Report”), was presented to the Board in 2006. That report considered the extent to which the Office had succeeded during its first five years of operation in fulfilling its mandates and made recommendations to enhance its role within the IMF’s institutional architecture. Our report thus focuses on IEO activities since 2006. As set out in the terms of reference of our Panel (see Appendix I), the central objective of this report is to evaluate how well the IEO has met its institutional mandates. The terms of reference, while not constraining the range of issues we could consider, also asks that we “assess the IEO’s effectiveness along several dimensions, including: (i) the appropriateness of evaluation topics; (ii) the independence of the IEO; (iii) the cost-effectiveness of the IEO and its operations; and (iv) the appropriateness and adequacy of the evaluation process including, but not limited to, how IEO recommendations are endorsed by the Board and implemented.”
International Monetary Fund
A stronger presumption of publication for all program-related documents could further increase publication rates, while defining prompt publication should help reduce publication lags. Streamlining external communication products could reduce the risk of inconsistent messaging. The review also presents new evidence on evenhandedness with now only few cases not fulfilling the criteria for modifications under the policy. It nevertheless suggests measures to strengthen monitoring in this area. The review sets out the Fund’s policies on confidential information, and proposes that staff systematically explains these policies in its interactions with country authorities. In response to recent surveillance reforms, the review also proposes a new publication regime for multi-country documents. Staff sees the introduction of a publication regime for a new category of multi-country documents as the best way to ensure that the Fund publishes candid multilateral surveillance, while respecting members’ needs. Similarly, the modification rules for country documents will need to be adapted to take into account the implications of the Integrated Surveillance Decision (ISD).
International Monetary Fund
Provisional Agenda Friday, October 12, 2012 Introductory Session Global Economic and Financial Prospects and Policies (11:30 a.m. – 12:45 p.m.) Tokyo International Forum, Hall B5 Restricted Session Early Warning Exercise (2:30 p.m. – 4:00 p.m.) Imperial Hotel, Hikari Room Saturday, October 13, 2012 Restricted Breakfast Dialogue on Policy Challenges (8:00 a.m. – 9:30 a.m.) Imperial Hotel, Hikari Room Plenary Session 1. Opening Remarks by the Chair (10:00 a.m. – 1:00 p.m.) Imperial Hotel, Fuji Room 2. Global Policy Agenda - Securing the recovery and anchoring the future. Issues facing the advanced economies, emerging markets, low-income countries, Arab countries in transition, and the role of the Fund - Strengthening IMF Governance. 2010 Quota and Governance reforms; Quota Formula Review 3. Approval of Press Communiqué Press Conference (1:30 p.m.) Tokyo International Forum, Hall D7 ********** An Informal Gathering of World Economic Leaders, bringing together IMFC members and selected private sector, civil society and academic leaders, will be held on Friday, October 12 from 4:30 p.m. to 6:00 p.m. in the Hikari Room at the Imperial Hotel.
International Monetary Fund
This review is focused mainly on the implementation of the Policy Support Instrument (PSI) against the goals and expectations set out by the Executive Board. Some possible modifications to the PSI that have been considered by various stakeholders are also touched upon in the concluding section. This review was conducted in parallel with ongoing work on a new architecture of lending facilities for low-income countries (LIC). Based on the results of this review, the reform of LIC facilities is not expected to alter the case for the PSI as a complement to financing instruments.