向imfc提交的关于国际货币基金组织独立评估办公室活动的进度报告

PROGRESSREPORTTOTHEIMFCONTHEACTIVITIESOFTHEINDEPENDENTEVALUATIONOFFICEOFTHEIMF October8, 2025 Overview.Since the 2025 SpringMeetings, the Independent Evaluation Office (IEO) haspublishedits firstEvaluation Policy, whichintegratesrecommendations from the Fourth External Evaluationof the IEO.The IEO is also progressing on its ongoing evaluations ofIMF Advice on Fiscal Policy,The IMF and Climate Change,andIMF Engagement on Debt Issues in Low-Income Countries. IEO Work Program ▪InProgress:IMF Advice on Fiscal Policy.The evaluation focuses on macro-fiscal issues(output stabilization, debt sustainability, and the provision of public goods) and is anticipatedto be completed in December 2025. It assesses the Fund's advice on fiscal policies, primarilyexamining surveillance cases, while also considering selected lending program cases in low-income countries to ensure broad coverage. Key areas of inquiry include fiscal advice foradvanced economies, emerging markets and middle-income economies, and low-incomecountries; the alignment between corporate and multilateral surveillance messaging andcountry-level recommendations; and whether the Fund’s advice on structural fiscal issues(such as fiscal institutions and rules and debt management) has been effectively integratedinto its overall fiscal policy recommendations. ▪In Progress:The IMF and Climate Change.Thisearly-stage evaluation is targeted forcompletion by mid-2026. The evaluation willassessthe work of the Fund on climate-relatedmacroeconomic issues, focusingon the adaptation of multilateral and bilateral surveillancefollowing theadoptionof the 2021 Climate Strategy, the Fund’s lending operations (particularly,thedesignand operationalizationof the Resilience andSustainabilityTrustandthe ResilienceandSustainabilityFacility), and the Fund’s advancing workon climate-relatedcapacitydevelopment. The evaluation will alsoexplore institutional issues, such as budgetary and HRquestions,andthe role of the Fund in the global climate financial and governance architecture. ▪InProgress:IMF Engagement on Debt Issues in Low-Income Countries.Followingconsultations with the Executive Board of the IMF, Fund managementand staff, and externalstakeholders, the evaluation,launched in May 2025,will focus onthe Fund’s role indebt‑related issues inlow-income countriesthrough surveillance, lending, andcapacitydevelopmentactivities. It will assess the timely identification of debt vulnerabilities, theprovision of advice, and the role of the Debt Sustainability Framework for Low-IncomeCountries (LIC-DSF). The evaluation is targeted for discussion in the second half of 2026. OtherIssues ▪Evaluation Policy:TheIEO haspublished its firstEvaluation Policy. Thepolicy wasdiscussed by Executive Board members in July 2025, and is based on the IEO’s terms ofreference, clarifying their implementation and updatingthe IEO’smain operating procedures.Itoutlines the purpose and principles guiding the IEO's evaluations,emphasizingindependence, transparency, and effectiveness, its independent governance frommanagement and staff, and its operating status at arm’s length from the Executive Board.Thepolicy also reflectsonthe main stages and elements of the evaluation processes, and theevaluation principles and methodologies, outlining the importance of wide engagement withinternal and external stakeholders and the collaborative nature of the evaluation process.TheEvaluation Policy alsointegratesrecommendationsfromtheFourth External Evaluation ofthe IEO. ▪Management Implementation Plans(MIPs).Followingthe Executive Board's discussion ofthe evaluation ofThe IMF’s Exceptional Access PolicyinDecember 2024, the staff preparedthe MIP to implement the recommendations approved by the Board. The MIPwassubsequentlydiscussed onJuly 22, 2025. ▪SeminarSeries.The IEO has held events on:Driving Change: Policy, Challenges, andOpportunities of the Energy Transition (April),and The Dominant Reserve Currency Role ofthe Dollar: Challenges Ahead (June).The presentation materialsforthe seminars are availableon the IEOweb page. ▪Possible topics for future evaluations. The IEO regularly updates itslist of topics forpossible future evaluations, following consultations with the Executive Board of the IMF,Fund management and staff, external experts, and civil society. The next update is expectedby January 2026.