IMF’s independent evaluation office identifies mistakes and challenges in Greece’s first programme

EconomyProgramme Tags: IMF
Photo via IMF photostream on Flickr []
Photo via IMF photostream on Flickr []

The IMF published on Thursday afternoon a report on the key findings and lessons from the IMF’s engagement in the Irish and Portuguese programmes and the first Greek programme. The report, by the IMF’s Independent Evaluation Office (IEO), concludes with a number of recommendations on improving the IMF’s effectiveness in the future.

In its assessment of the pre-crisis surveillance function of the Fund, the report notes that, although a number of key issues had been identified (the need for deep reforms in tax administration and expenditure management as well as in the labour and pr...

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