Mr Montek Ahluwalia, a member of the Economic Advisory Council to the Prime Minister of India, has been appointed Director of the IMF‘s new Independent Evaluation Office (EVO). He will take up his post in August. He will be responsible for establishing the rules and mechanisms by which the EVO will function. NGOs have urged him to consult widely outside the IMF, particularly with civil society groups in countries implementing IMF programmes. NGOs have called for mechanisms to involve stakeholders in setting the Office’s agenda, identifying consultants, and commenting on draft and completed reviews.
The IMF and the World Bank are increasingly engaged with the challenge of addressing how tax avoidance and evasion affect developing countries, but need to address the role played by multinational enterprises and tax havens in exacerbating inequality and undermining countries’ domestic revenues.
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