Expanded IMF mandate presents ‘serious’ challenges, review finds

Independent review finds staff have been overstretched by work on climate, gender and technology

International Monetary Fund Headquarters 2, Washington, DC
Photo: John Harrington

The International Monetary Fund (IMF) is facing major challenges in adapting to an expanded mandate, an independent review concluded.

The IMF’s Independent Evaluation Office (IEO) said today (June 18) that new work in areas such as governance, digital money, climate change and gender presented “serious adaptation challenges”. Traditionally, the fund has concentrated only on four core policies: exchange rate, monetary, fiscal, and financial sector.

Given the fund’s severely constrained budget

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