Kaberuka named to head IMF’s High Level evaluation panel

On 4 October 2017 at 12:04

The International Monetary Fund’s (IMF) Executive Board has appointed Dr. Donald Kaberuka to head the high-level panel to undertake an external evaluation of the fund’s Independent Evaluation Office (IEO)

The panel chaired by Kaberuka includes two other members, Der Jiun Chia, the Assistant Managing Director of the Markets and Investment Group at the Monetary Authority of Singapore and Pernilla Meyersson, the acting chief of staff at the General Secretariat of the Sveriges Riksbank.

The panel’s evaluation will assess how successfully the IEO has met its goals to serve as a means to enhance the learning culture within the Fund, strengthen the Fund’s external credibility, and support the Executive Board’s institutional governance and oversight responsibilities. The evaluators have discretion in the conduct of their investigation within this broad contour.

When the IEO was established by the IMF Executive Board in 2001, it was envisaged that periodic external evaluations would be carried out to assess its effectiveness and to consider possible improvements to its structure, mandate, operational modalities, or Terms of Reference.

This would be the third evaluation of the IEO and is expected to be concluded by mid-2018. The first and second external evaluations were commissioned and discussed by the IMF Executive Board in 2006 and 2013 respectively.

The external evaluators will be holding their first round of discussions in Washington, D.C. during the 2017 Annual Meetings.

Kaberuka who is appointed to head the panel, currently is a “Special Envoy: Financing the African Union and the Peace Fund,” appointed in early 2017.

He was the seventh President of the African Development Bank and Chairman of the Board of Director 2005 to 2015.

Prior to joining the African Development Bank, Dr. Kaberuka was Finance Minister of Rwanda from 1997 to 2005 leading the economic team with the Government of Rwanda. In that capacity, he served as Governor for Rwanda for the International Monetary Fund and the World Bank.