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ORPHANED AT FREEDOM - A SUBCONTINENT'S TALE
In the middle of August, 1947, two nations – the Dominion of India and the Dominion of Pakistan – came into being through a Partition of the British Indian Empire. The Princely States, which owed their existence to the British, acceded to either of the two Dominions. Jinnah, as Governor-General of Pakistan, and Nehru, as Prime Minister of India, took the oath of office swearing allegiance to George VI, who was still the King of both the Dominions but no longer the Rex Imperator or King-Emperor. The Dominions eventually emerged as the Republic of India in 1950 and the Islamic Republic of Pakistan in 1956. Twenty-five years on, in 1972, a third country – the People’s Republic of Bangla...
IEO Report on Multilateral Surveillance
Surveillance is a core function of the IMF, a critical element of its toolkit for promoting global financial stability. Multilateral surveillance brings into analysis economic linkages and policy spillovers between countries, as well as international economic and market developments. This evaluation report covers the IMF’s multilateral surveillance activities during 2000–05 and addresses a variety of questions: Do the issues analyzed under multilateral surveillance reflect the IMF’s comparative advantage? Are these issues relevant and timely? How well are macroeconomic and capital market surveillance combined in the analysis of relevant issues? How well are the messages of multilateral surveillance presented? And does multilateral surveillance have an impact on country policies? The evaluation concludes with recommendations for the IMF.
Independent Evaluation at the IMF
This volume examines how independent evaluation contributes to the legitimacy and effectiveness of the IMF. It describes the evolution and impact of the Independent Evaluation Office ten years after its creation as well as the challenges it has faced. It also incorporates feedback from a wide range of internal and external actors and offers useful insights for international organizations, academics, and other global stakeholders.
How to Become Best Seller Author
How to write a book? How to publish a book? Along with these questions, you will find many articles and tips related to book marketing to read by searching on Google. Whereas such things are never told to writers, due to which authors are not able to achieve success in their writing career. In this book, a small effort has been made to explain how to become a best seller author or the reasons why you are not able to become a best seller author. This book will be very useful for authors and will guide them in taking decisions to move ahead in their writing career. Main points in this book – – How to become a successful or best selling author? – How should a author write the story of his success? – What are the criteria for success in writing career? – How to set your goals for a successful writing career? – What should an author do for the success of his book? – Why does the author’s book not reach the readers even if the content of the book is good? – Many times why authors are not successful even after publishing a large number of books? You will get all the answers to many such questions which most of the authors are not aware of, in this book.
IEO Evaluation of Exchange Rate Policy
The IMF is charged by its Articles of Agreement and a 1977 Executive Board Decision to exercise surveillance over the international monetary system and members’ exchange rate policies. The overriding question addressed by this evaluation is whether, over the 1999–2005 period, the IMF fulfilled this core responsibility. The main finding is that the IMF was simply not as effective as it needs to be in both its analysis and advice and in its dialogue with member countries. The evidence supporting this conclusion, along with other key findings, is set out in this report. The report also presents a detailed set of recommendations that could go a long way in improving the quality and effectiveness of IMF surveillance.
The Role of the IMF as Trusted Advisor
The IMF carries out its mandate to foster macroeconomic stability and thereby facilitate prosperity by promoting the adoption of sound policies and international cooperation. Ultimately, the means to achieve these goals is to have Fund policy advice translated into concrete action. Key to achieving such traction is the relationship between Fund staff and member country authorities, together with the quality of the advice and members’ confidence in it. That is, the Fund needs to be seen as a trusted advisor. This evaluation examines in what circumstances the Fund is viewed as a trusted advisor to its member countries. It uses evidence gathered since 2005, but emphasizes the period since the onset of the global crisis in 2007–08. Because the concept of trusted advisor is “in the eyes of the beholder,” the evaluation derives the main attributes from country authorities themselves.
IEO Evaluation Report
In response to the Global Financial Crisis, the IMF launched many initiatives to strengthen financial surveillance and better advise member countries of vulnerabilities and risks. While these initiatives have not yet been tested by a major crisis, the efforts have delivered a substantial upgrade of the Fund’s financial surveillance, including giving the IMF clearer responsibilities over financial sector stability and cross-country spillovers; making periodic financial stability assessments mandatory for jurisdictions with systemically important financial sectors; invigorating efforts to integrate financial and macroeconomic analysis in bilateral and multilateral surveillance; enhancing coo...
IMF and Fragile States
This evaluation assesses the IMF’s work on countries in fragile and conflict-affected situations (FCS), addressing both (i) its engagement through surveillance, lending, and capacity development and (ii) the frameworks and procedures for its engagement. It finds that the IMF has provided unique and essential services to FCS to restore macroeconomic stability and rebuild core macroeconomic institutions as prerequisites for state building, playing a role in which no other institution can take its place. In this critical role, it is broadly acknowledged to have had a high impact. While the IMF has provided relatively little direct financing, it has catalyzed donor support through its assessme...
Evaluation of the IMF's Role in Poverty Reduction Strategy Papers and the Poverty Reduction and Growth Facility
In 1999, the IMF and the World Bank adopted a new frame work for supporting economic reform in low-income member countries to achieve the objectives of poverty reduction and economic growth. The frame work consists of two key elements: country-authored Poverty Reduction Strategy Papers, drawing on broad-based consultations with key stake holder groups; and a vehicle for the provision of IMF concessional lending, the Poverty Reduction andGrowth Facility. This evaluation takes stock of progress to date and attempts to identify short comings that may require course corrections in the design and implementation of the initiative.
Governance of the IMF
In 2008, the IEO undertook an evaluation on the IMF governance and concluded that effectiveness had been the strongest aspect of IMF governance, while accountability and voice had been the weakest. Since then, IMF governance has been strengthened aided by quota and voice reforms to address misalignments in shares and chairs as well as numerous improvements in governance procedures and practices. The update finds that IMF governance has proven its effectiveness in supporting the Fund to fulfill its mandates, but concerns remain on voice and accountability. Challenges remain related to representation and voice, interaction between governance bodies, the selection process for management, and the role of the G20 in IMF governance. Addressing these challenges will take time and may be subject to difficult tradeoffs between governance objectives such as preserving effectiveness while ensuring appropriate representation.
