II. INTERNATIONAL MONETARY FUND
International Monetary Fund (IMF) Independent Evaluation Office (IEO) Evaluation Mandate The Independent Evaluation Office (IEO) was established to conduct objective and independent evaluations on issues relevant to the mandate of the Fund. It complements the review and evaluation work within the Fund. It thus improves the Fund’s ability to draw lessons from its experience and more quickly integrate improvements into its future work. The IEO’s mission is to: •
enhance the learning culture within the Fund
•
strengthen the Fund’s external credibility
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support the Executive Board’s institutional governance and oversight (IEO 2016, IEO 2015a).
The IEO has sole discretion on the selection of evaluation topics. It continuously consults with internal and external stakeholders on a possible list of topics over the medium term which is used as an input for determining the work agenda. The IEO conducts independent evaluations of IMF policies and activities and, upon occasion, revisits previous assessments. The IEO does not validate IMF self-evaluation activities.
Organisational Structure and Reporting Lines The IEO functions as an independent organisation within the IMF, reporting to the Fund’s Executive Board. It is headed by a Director who is appointed by the Executive Board. The Director is not part of the IMF management structure in either a formal or informal capacity. IEO reports are transmitted to the Executive Board through the Board Evaluation Committee and shared concurrently with Management. Central/main evaluation units Reporting line
High level policy groups or ministries Lines of communication
Board of Governors
Executive Board
Independent Evaluation Office
Managing Director Dept. Managing Directors
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