our work
The Independent Evaluation Office (IEO) was established in 2001 to conduct independent and objective evaluations of Fund policies and activities. Under its Terms of Reference, it is fully independent from the Management of the IMF and operates at arm's length from the Board of Executive Directors.
Latest Releases
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November 22, 20232023 Possible Topics for Future Evaluations
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November 22, 20232023 Possible Topics for Future Evaluations
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October 16, 2023Fall 2023 Dialogue Newsletter
our mandate
The IEO's mission is to:
Enhance the learning culture within the Fund, strengthen the Fund's external credibility, and support Institutional governance and oversight.
Enhance the learning culture within the Fund, strengthen the Fund's external credibility, and support Institutional governance and oversight.
about us
IEO Team
Pablo Moreno
Director
Pablo Moreno
Director
Pablo Moreno
Director
Pablo Moreno joined the Independent Evaluation Office (IEO) as Director in May 2023. Prior to the IEO, he served in several senior positions throughout the Spanish public administration, including at the Ministry of Economy, the Economic Office of the President of the Government, and the Banco de España, where he was Director of the Governor’s Office and Head of the International Financial Organizations Division. Pablo also served at the IMF’s Executive Board on two separate occasions (2002–2006, and 2018–2022), including as Executive Director (2020–2022) representing Colombia, Costa Rica, El Salvador, Guatemala, Honduras, Mexico, and Spain.
Pablo, a national of Spain, is a member of the Civil Service Corps of State Economists in Spain. He holds a PhD and a BA in Economics from Complutense University of Madrid, and a Master in Public Administration from George Mason University on a Fulbright scholarship.
Vivek Arora
Deputy Director and Senior Budget Manager
Vivek Arora
Deputy Director and Senior Budget Manager
Vivek Arora
Deputy Director and Senior Budget Manager
Vivek Arora has served in a range of senior positions at the IMF, with roles in policy development and review, area departments, and enterprise risk management. His previous positions have included Deputy Director of the IMF Strategy, Policy & Review Department; Deputy Director of the African Department; and Head of the Office of Risk Management. Vivek has been a senior reviewer in SPR, a mission chief and desk economist in AFR, APD, and WHD on advanced, emerging, and low income countries, as well as the IMF’s senior resident representative in China and, before that, in South Africa. Vivek has a Ph.D. in economics from Brown University and a B.A. in economics from St. Stephen’s College (Delhi, India) and studied international finance at Harvard University.
Cyrus Rustomjee
Assistant Director and Senior Personnel Manager
Cyrus Rustomjee
Assistant Director and Senior Personnel Manager
Cyrus Rustomjee
Assistant Director and Senior Personnel Manager
Mr. Rustomjee joined the IEO in January 2019. He has previously held positions as Director of the Economic Affairs Division at the Commonwealth, as Chairperson of South Africa’s non-bank financial sector regulator and head of South Africa’s G20 Secretariat. Prior to this he served as IMF Executive Director for Anglophone African countries. He holds a doctorate in Economics from the University of London and degrees in Politics and Economics from the University of Oxford and Law from the University of South Africa.
Miguel de Las Casas
Lead Evaluator and Alternate Senior Personnel Manager
Miguel de Las Casas
Lead Evaluator and Alternate Senior Personnel Manager
Miguel de Las Casas
Lead Evaluator and Alternate Senior Personnel Manager
Mr. de Las Casas joined the IEO in April 2013. Between 2009 and 2013 he was an Advisor at the IMF Executive Board. He previously worked for ten years as an economist at the International Economics and International Affairs Department of the Banco de España. He holds Masters Degrees in Business Administration and International Business, from University of Brighton and Universidad CEU San Pablo, and in International Relations, from IE Business School.
Yasemin Bal Gündüz
Senior Economist
Yasemin Bal Gündüz
Senior Economist
Yasemin Bal Gündüz
Senior Economist
Ms. Bal Gündüz joined the IEO in November 2020 after 20 years at the IMF. Her research interests and publications cover the economic impact of IMF-supported programs, debt sustainability, and growth crises in low-income countries. At the IMF’s Institute for Capacity Development, she was a principal contributor to the Common Evaluation Framework for the Fund’s capacity development activities. She also worked for the Turkish Treasury. She holds a Ph.D. in economics from Bilkent University, Turkey, an MPhil in Economics and Finance from Loughborough University, U.K., and a BSc in Industrial Engineering from METU, Turkey.
Anthony De Lannoy
Senior Economist
Anthony De Lannoy
Senior Economist
Anthony De Lannoy
Senior Economist
Mr. Anthony De Lannoy joined the IEO in May 2021. Between November 2016 and April 2021 he was Executive Director and Alternate Executive Director at the IMF Executive Board. He previously worked as Deputy Director of Economic and Financial Policy in the Office of the Minister of Finance in Belgium, Advisor to the Executive Director at the IMF Executive Board, and in the National Bank of Belgium. He holds a Masters in Applied Economics from University of Antwerp and a Masters in International Business Economics from KU Leuven.
Jeremie Cohen-Setton
Economist
Jeremie Cohen-Setton
Economist
Jeremie Cohen-Setton
Economist
Mr. Jérémie Cohen-Setton joined the IEO in June 2021. He worked previously as Research Fellow at the Peterson Institute for International Economics, Affiliate Fellow at Bruegel, Assistant Economist at Her Majesty’s Treasury during the U.K. G20 Presidency, and Economic Consultant at the Asian Development Bank.
He has contributed to research and public policy regarding monetary and fiscal policies in advanced economies, the effects of US trade policies, and European macroeconomic issues, which featured in the New York Times, Financial Times, and Le Monde. In 2018, Jérémie coedited the book Sustaining Economic Growth in Asia with Thomas Helbling, Adam Posen, and Changyong Rhee.
Jérémie holds a Ph.D. in Economics from the University of California, Berkeley and M.A. in Economics and Public Policy from the Paris School of Economics and the École Normale Supérieure.
Photo: Delphine Tomaselli
He has contributed to research and public policy regarding monetary and fiscal policies in advanced economies, the effects of US trade policies, and European macroeconomic issues, which featured in the New York Times, Financial Times, and Le Monde. In 2018, Jérémie coedited the book Sustaining Economic Growth in Asia with Thomas Helbling, Adam Posen, and Changyong Rhee.
Jérémie holds a Ph.D. in Economics from the University of California, Berkeley and M.A. in Economics and Public Policy from the Paris School of Economics and the École Normale Supérieure.
Photo: Delphine Tomaselli
Joshua Wojnilower
Economist and Budget Officer
Joshua Wojnilower
Economist and Budget Officer
Joshua Wojnilower
Economist and Budget Officer
Mr. Wojnilower joined the IEO in 2016. He previously worked at the Financial Industry Regulatory Authority (FINRA). Mr. Wojnilower holds a Ph.D. in Economics from George Mason University and a Master’s in Public Administration from George Washington University.
Jiakun Li
Research Officer
Jiakun Li
Research Officer
Jiakun Li
Research Officer
Mr. Li joined the IEO in September 2020. He was previously a research analyst in the African Department (AFR) of the International Monetary Fund (IMF). Mr. Li is an active member of the AFR Nowcasting team and he specializes in Traditional Statistics and Machine Learning. He holds a Master’s in Applied Economics from Johns Hopkins University.
Lukasz Jannils
Research Officer and Budget Officer
Lukasz Jannils
Research Officer and Budget Officer
Lukasz Jannils
Research Officer and Budget Officer
Prior to joining our team, Lukasz worked in the IMF Resident Representative Office in Warsaw, CASE–Center for Social and Economic Research, and the National Bank of Poland. He holds a Master’s Degree in Economics from Warsaw School of Economics and is a Ph.D. candidate at the same university.
Sandra Saveikyte
Research Officer
Sandra Saveikyte
Research Officer
Sandra Saveikyte
Research Officer
Ms. Saveikyte joined the IEO in August 2023. She previously worked as a research analyst in the Finance Department, General Resources and SDR Policy Division of the International Monetary Fund (IMF). She holds a Master’s degree in International Economics and European Studies from Johns Hopkins University.
Elena Pinillos
Projects Officer
Elena Pinillos
Projects Officer
Elena Pinillos
Projects Officer
Elena joined the IEO in September 2021.
Arun Bhatnagar
Senior Admin Assistant
Arun Bhatnagar
Senior Admin Assistant
Arun Bhatnagar
Senior Admin Assistant
Arun joined the IEO in August 2001. Prior to joining the IEO, he worked in the Government of India, mainly in the Ministry of Finance. He holds a B.Com degree from the University of Delhi.
be a part
The IEO is based at the IMF headquarters in Washington, DC, USA. In addition to the regular staff positions at the IEO (recruited from the outside and seconded from the IMF staff) there are a variety of options to work for the IEO as a consultant. Long-term consultants are hired for the duration of an entire project or more. Short-term consultants cover particular aspects of a project. Some of the short-term consultants stay based in their home country while working for the IEO.
