About IEO

The Independent Evaluation Office (IEO) was established in 2001 to conduct independent and objective evaluations on issues relevant to the mandate of the Fund. It is fully independent from the Management of the IMF and operates at arm’s length from the Board of Executive Directors, representing the 185 member countries of the IMF. Since 2005, the IEO is directed by Thomas A. Bernes.

Organizational Chart of the IMF

The IEO's overarching mission is to improve the IMF's effectiveness by:

• Enhancing the learning culture of the IMF and enabling it to better absorb lessons for improvements in its future work.
• Helping build the IMF's external credibility by undertaking objective evaluations in a transparent manner.
• Providing independent feedback to the Executive Board in its governance and oversight responsibilities over the IMF.
• Promoting greater understanding of the work of the IMF.

The Independent Evaluation Office (IEO) has been established to systematically conduct objective and independent evaluations on issues relevant to the mandate of the Fund. It complements the review and evaluation work within the Fund. It thus improves the Fund's ability to draw lessons from its experience and more quickly integrate improvements into its future work.