This paper, prepared by the Fund’s Office of Internal Audit’s (OIA) in July 2024, provides the results of its independent assessment of the implementation progress on the Institutional Safeguards Review (ISR) actions.
- Format
- Paper
- Frequency
- occasional
- ISBN
- 9798400285547
- ISSN
- 2663-3493
- Pages
- 43
- Published in
- United States of America
- Series
- Policy Paper No. 2024/041
- StockNumber
- PPEA2024041
Table of Contents
- ABBREVIATIONS 6
- Background 7
- engagement Objectives, scope and approach2F 8
- Overall conclusion 9
- DETAILED Report 10
- I. OIA assessment of completed IP actions 10
- Data and Analysis Integrity (DAI) 10
- External Panel (EP): Leadership and tone from the top; building trust and strengthening the DRS and processes; oversight and accountability. 11
- II. OIA’s considerations for enhancements to IP Actions 13
- Data and Analysis Integrity 13
- A. Terms of engagement between OEDs and Fund staff (DAI 1A - Completed) 13
- B. Role of Management in the review process and strengthening of the documentation of the review process (DAI 2, 4 - Completed) 13
- C. Evenhandedness in surveillance of emerging priority areas (DAI 3 - Completed) 14
- External Panel: Leadership and tone from the top; building trust and strengthening the DRS and processes; oversight and accountability. 15
- D. Monitoring framework for EP actions (multiple completed actions) 15
- E. Consistency of sanctions applied to misconduct and communication to staff (EP 7, 18, 19B - Completed) 16
- F. High-level communications by Management (EP 19A, 20 - Ongoing) 17
- G. Lessons learned from Administrative Tribunal (AT) and Grievance Committee (GC) processes (EP 14B and 34 - Completed) 18
