International monetary fund independent evaluation office imf exchange rate policy advice findings and recommendations may 2007 this report summary was prepared by an ieo team headed by shinji takagi and john hicklin and including. 1 exchange rate policy advice is critical to the imfs purpose1 the imf is charged by its articles of agree ment and a landmark 1977 executive board decision to exercise surveillance over the international monetary system and members exchange rate policies2 the sub ject remains a high priority the latest review by the. Exchange rate policy advice following a decade of imf efforts to grapple with the challenges of fulfilling its role in this area which lies at the core of the funds mandate the 2007 evaluation found that the imf was not as effective as it needed to be in. Imf exchange rate policy advice revisiting the 2007 ieo evaluation this report is the seventh in a series of evaluation updates by the independent evaluation office of the imf ieo that return to past ieo evaluations and assess the continuing relevance of their main conclusions. Evaluation of the imfs advice on exchange rate policy including its relationship to the availability and quality of which may affect the overall effectiveness of policy advice figure 1 the imfs exchange rate policy advice analysis and assessments communi cations follow up information from members analysis of the level
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