02703cas a2200301 a 4500 AALejournalIMF021287 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513558073 2663-3493 BD-DhAAL BD-DhAAL International Monetary Fund. The Chair's Summing Up Independent Evaluation Office : IMF advice on Capital Flows Executive Board Meeting 20/93 September 18, 2020. Washington, D.C. : International Monetary Fund, 2020. 1 online resource (3 pages) Policy Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Executive Directors welcomed the report of the Independent Evaluation Office (IEO) on IMF Advice on Capital Flows. Directors appreciated the high quality of the report, and its thematic and background country studies. Directors welcomed the finding that the adoption of the Institutional View (IV), along with the development of other frameworks and additional tools, had represented a major advance in the Fund's policy framework to provide systematic advice to member countries on the management of capital flows and capital account liberalization. Directors also noted the conclusion that, in its application, the Fund had generally followed the IV and other policy frameworks to ensure that the advice was consistent, tailored to country circumstances, and evenhanded across countries. Directors welcomed that capital flow management measures (CFMs) have generally not been used to substitute for warranted policy adjustments. Directors also welcomed the finding that most authorities broadly support the IV's sequenced framework to capital account liberalization and appreciated the Fund's specific advice in many cases, especially in the context of technical assistance. More recently, faced with the abrupt capital flow reversals during the COVID-19 crisis, Directors noted that emerging markets and developing economies generally followed a multi-pronged approach broadly consistent with the IV framework and made relatively little use of CFMs. Mode of access: Internet Capital imf Country imf IV Framework imf PP imf Sequenced Framework imf Policy Papers; Policy Paper ; No. 2020/041 Full text available on IMF http://elibrary.imf.org/view/journals/007/2020/041/007.2020.issue-041-en.xml IMF e-Library