Over the summer the Independent Evaluation Office of the IMF released draft issues papers for two forthcoming evaluations. The first, on the role of the IMF as an advisor to government, notes that the usefulness of Fund advice “depends heavily on [member country] confidence in the quality and relevance of the advice and on the depth of the ensuing dialogue.” The second, on the IMF’s internal learning systems, will focus more on processes than on the quality of analysis in self-evaluations, such as conditionality reviews. That means it will not challenge notions of objectivity or bias found in staff-driven reviews. Comment periods on both papers were open for about one month, meaning comments are no longer being accepted.
Draft issues paper: Learning from experience at the IMF: An IEO assessment of self-evaluation systems
New BWP briefing offers critical gender analysis of World Bank lending instrument to borrowing countries.
At 75, the World Bank and IMF face a crisis of multilateralism in no small part of their own making as failed economic policies have resulted in skepticism of the international order they helped to create.
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