International Monetary Fund

HM Treasury written question – answered on 19th September 2016.

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Photo of Lord Blencathra Lord Blencathra Conservative

To ask Her Majesty’s Government what assessment they have made of the report published on 8 July by the Independent Evaluation Office of the International Monetary Fund, The IMF and the crises in Greece, Ireland, and Portugal.

Photo of Lord O'Neill of Gatley Lord O'Neill of Gatley The Commercial Secretary to the Treasury

The IMF Executive Board discussed the report entitled The IMF and the crises in Greece, Ireland, and Portugal on 19 July 2016. The UK plays an active part in such dialogues. While we welcome the report, board discussions remain confidential until the minutes are made accessible three years after the meeting. The Chairman’s summing up, and the statement by the IMF Managing Director offering a response to the report’s recommendations, offer more information. They can be found on the Independent Evaluation Office’s (IEO) website.

As the body which provides objective and independent evaluation on IMF issues, the work of the IEO is important in improving transparency, oversight and enhancing the learning culture at the Fund.

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