Implementation Plan in Response to the Board-Endorsed Recommendations from the IEO Evaluation Report on IMF Advice on Unconventional Monetary Policies

This Management Implementation Plan was prepared before COVID-19 became a global pandemic. The actions in the plan, do not reflect implications of developments.
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Volume/Issue: Volume 2020 Issue 029
Publication date: May 2020
ISBN: 9781513545424
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Exports and Imports , Economics- Macroeconomics , Money and Monetary Policy , PP , monetary policy , Fund , interest rate , policy , Fund monetary policy advice , monetary policy strategy , monetary policy transmission , monetary policy expertise , work plan , monetary policy issue , framework review , policy track records , monetary policy topic , work program , Unconventional monetary policies , Spillovers , Capital flows , Macroprudential policy , Global

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Summary

This Management Implementation Plan was prepared before COVID-19 became a global pandemic and resulted in unprecedented strains in global trade, commodity and financial markets. The actions in the plan and their timeline, therefore, do not reflect the implications of these developments and related policy priorities. This MIP includes a package of self-reinforcing actions that aim to: • Strengthen in-house expertise on monetary policy • Deepen the work on UMP and related policies • Further strengthen financial spillover analysis • Explore ways to enhance the Fund’s traction

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