According to Odaily Planet Daily, the Independent Evaluation Office (IEO) of the International Monetary Fund (IMF) pointed out that the IMF faces resource allocation difficulties and excessive staff burden when expanding into new policy areas such as governance, social spending, digital currency, climate change and gender. Although the expansion of these areas has been approved by the board of directors, resources and expertise are still limited, which may affect the IMF's ability to provide high-quality policy advice.
The IEO is concerned that this leads to a trilemma, namely a trade-off between expanding scope, resource constraints and the ability to maintain high-quality policy advice. It also expressed concern about the limited discussion of the risks of the Fund's involvement in new policy areas.
Although the report makes four high-level recommendations, such as around decision-making and budget tracking, the real question is whether this will affect the IMF's digital currency work. The IMF's work on digital currency and DLT is very extensive, including assisting multiple countries in developing central bank digital currencies and participating in cross-border payment projects, facing management and resource allocation challenges. How the IMF adjusts its strategy and work priorities in the future will become the focus of observation.
