Update on Implementation Plan to Address the Recommendations of the 2022 Institutional Safeguards Review

Author: International Monetary Fund, International Monetary Fund. Legal Dept., and International Monetary Fund. Strategy, Policy, & Review Department

Volume/Issue: Volume 2023 Issue 060

Publication date: December 2023

ISBN: 9798400264856

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Labor , Money and Monetary Policy , Public Finance , Political Economy , Data Integrity , Dispute Resolution , Culture Change , Oversight and Accountability , Leadership , Tone from the Top , staff pulse survey , staff feel , Board approval , staff address concern , DRS office , Board-endorsed IP , OED personnel access , Auditing , Internal audit , Employment , External audit , ISR implementation core group

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Summary

In response to the recommendations from the 2022 Institutional Safeguards Review (ISR), a comprehensive Implementation Plan (IP) was developed drawing on the work undertaken by a Board Steering Group, Management, and staff. The IP, which was discussed and endorsed by the Board in December 2022, outlined a set of actions and policy changes that reflected the strong shared commitment of the Board and Management to a durable change in the institution and the highest standards of institutional governance. Substantial progress has been made in advancing the IP actions that were due to be completed in CY2023, with 85 percent of the actions having been completed or remaining on track for completion.