IMF Performance in the Run-Up to the Financial and Economic Crisis: IMF Surveillance in 2004-07

IMF Performance in the Run-Up to the Financial and Economic Crisis: IMF Surveillance in 2004-07

IMF Performance in the Run-Up to the Financial and Economic Crisis

Full Report

Full Text of Main Report

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Full Report by Sections

Executive Summary

I. Introduction

II. Evaluation Framework

III. IMF Messages in the Run-Up to the Crisis

IV. Why Did the IMF Fail to Give Clear Warning?

V. Toward More Effective Surveillance

VI. Annexes

1. Timeline of Relevant Events

2. Factors that Contributed to the Crisis According to IMF Staff

3. Country Coverage

4. Early Analysis and Diagnosis of Factors Leading to the Crisis

5. Weaknesses in FSAPs in Advanced Economies

6. Conclusions/Recommendations from Previous Reports and Evaluations

7. How Did Country Authorities View the IMF’s Performance?

8. Area Department Survey of Staff

VII. Abbreviations and References

Statement by the Managing Director on IEO Evaluation

Staff Response to IEO Evaluation

Chairman’s Summing Up of the Executive Board Discussion

Background Papers

I. Summary of Views of the Advisory Group

Series Number: BP/10/01

II. Multilateral Surveillance

Series Number: BP/10/02
Author: Angana Banerji

III. Bilateral Surveillance in Selected IMF Member Countries

Series Number: BP/10/03
Author: Nancy Wagner

IV. Bilateral Surveillance of the United States

Series Number: BP/10/04
Author: Sanjay Dhar

V. Bilateral Surveillance of the United Kingdom

Series Number: BP/10/05
Author: David Peretz

VI. Bilateral Surveillance in Switzerland

Series Number: BP/10/06
Author: Biagio Bossone with the collaboration of Roberta Marra

Press Release

IEO releases report on IMF Performance in the Run-Up to the Financial and Economic Crisis: IMF Surveillance in 2004-07

Press Release Webcast (18mb ASF video file)

Follow Up

IMF Executive Board Discusses Management Implementation Plan in Response to Board-Endorsed Recommendations for the IEO Evaluation of IMF Performance in the Run-Up to the Financial and Economic Crisis