IMF’s IEO outlines plan for capital flows evaluation
Some countries say the fund may now be too quick to endorse capital flow restrictions
The International Monetary Fund’s Independent Evaluation Office has outlined its plans for an assessment of the fund’s advice on capital flows, noting recent criticism from various countries.
On June 19, the IEO published a “draft issues paper” setting out the scope of its capital flows evaluation. The document highlights recent findings from the IEO study of unconventional policies, which quotes some national authorities saying IMF advice on capital flows has created “considerable strains”.
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