Implementing Board-Endorsed Recommendations From The 2024 External Evaluation Of The Fund’s Independent Evaluation Office (IEO)

This paper describes implementation plans to address the Board-endorsed recommendations from the Fourth External Evaluation of the IMF’s Independent Evaluation Office (IEO), also known as The Garcia Silva Report.
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Volume/Issue: Volume 2024 Issue 051
Publication date: November 2024
ISBN: 9798400291746
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Multilateral development institutions , Global , Management Implementation Plan , External Evaluation of the Independent Evaluation Office (IEO) , 2024 External Evaluation Report of the IEO , The Garcia Silva Report

Summary

This paper describes implementation steps related to the board-endorsed recommendations from the Fourth External Evaluation of the Fund's Independent Evaluation Office (The Garcia Silva Report). The Garcia Silva Report brought recommendations in six areas to further improve the IEO’s relevance and effectiveness: (i) Undertaking Early-Stage Evaluations, (ii) Review the IEO’s HR Policy, (iii) Topic Selection, (iv) IEO Product Line, (v) Follow-up process, and (vi) Joint evaluations with other International Financial Institutions' evaluators. Recommendations (i-iv) fall under the IEO’s purview, and recommendation (vi) was not endorsed by the Executive Board. Therefore, this paper focuses on staff’s proposals to enhance the ownership in implementation and the follow-up of Board-endorsed IEO recommendations (recommendation v).