The IMF must be open to criticism and advice. •  Now let me come to the issue of even handedness, which, I believe, is necessary to enhance the IMF’s legitimacy in its role as a trusted advisor. Surveillance is often believed to have less impact on large member countries relative to smaller ones (in terms of size of GDP or population).
It is necessary to evaluate how this issue has been addressed since the 2011 TSR so as to ensure even handedness. In a recent IEO report on “Role of IMF as a Trusted Advisor”, it has been brought out that there is a perception among some country authorities that the IMF is dominated by the interests of its largest shareholders.