In conclusion, we would like to emphasize the need for a comprehensive approach, as piecemeal measures implemented singly will have only a marginal overall impact for developing countries as a whole. Activities of the Independent Evaluation Office (IEO) The Independent Evaluation Office (IEO) set up in July 2001 continues to play an important role.
The IEO has come out with final reports on three topics and are in the process of completing another three studies. All the three reports released so far have been well received. They have provided an objective assessment of arguably some of the most controversial and contentious issues relating to the functioning of the Fund. The IEO has lived up to the expectation.