A/HRC/38/33
protection, the position of IMF on universal access to and targeting of social programmes
and collaboration with other institutions. The strategic framework would also provide
guidance on effective programme design, covering both the General Resources Account
Arrangements and concessional lending. The latter would draw on a June 2017 IMF policy
paper, 72 a guidance note to be issued in the first half of 2018 and the 2018 Review of
Conditionality and the Design of IMF-Supported Programmes.
32.
The report of the Independent Evaluation Office and the response of the Executive
Board drew mixed reactions from external stakeholders. Some special procedure mandate
holders, as well as a group of 53 economists, academics and development experts, were
strongly critical.73 IMF has committed to consult with civil society on the development of
its new social protection strategy, but that process has to date been relatively opaque74 and
formalistic, reflecting the culture of control at IMF and the relatively few civil society
organizations that focus on scrutinizing its activities.
33.
The report of the Independent Evaluation Office, along with its annexes and
background papers, is nonetheless very helpful and informative. Its main shortcomings are
its acknowledged failure to address two key issues: (a) the impact of IMF interventions on
the welfare of vulnerable groups; and (b) whether social protection has increased or
decreased as a result of IMF-supported programmes.75 By way of justification, the Office
claimed that the first would have required a much larger study and the second was not
feasible due to “conceptual and attribution problems”. And IMF officials with whom the
Special Rapporteur spoke argued strongly that there were too many variables at play for
that analysis to be done meaningfully. However, comprehensively avoiding such central
issues calls into question the certainty with which IMF makes various policy prescriptions.
Some attempt to evaluate impact is essential if it is to be seen to be acting responsibly and
in an evidence-based manner.76
Defining social protection
34.
The report of the Independent Evaluation Office defines social protection as a
variety of policy instruments providing cash or in-kind benefits to vulnerable individuals or
households, including: (a) social insurance (such as public pension schemes); (b) social
assistance (such as government transfers to the poor); and (c) labour market interventions
for the unemployed (such as unemployment insurance and active labour market policies).
The report also addresses food and energy subsidies, but not broader development or
poverty reduction policies, such as education and health policy.77 Its annex lists different
definitions of social protection used by IMF and other organizations. 78 Work currently
under way to identify a uniform definition for the purposes of IMF is essential since the
Special Rapporteur’s interviews confirmed considerable uncertainty and disagreement
within IMF about what social protection means.
35.
The most important issue is the overall philosophy underpinning social protection.
The main debate in defining social protection has been between a “social safety net”
approach and a human rights or “social citizenship” approach.79 The definition of a social
72
73
74
75
76
77
78
79
IMF, “Social Safeguards and Program Design in PRGT and PSI-Supported Programs”, Policy Paper
(June 2017).
See www.ohchr.org/Documents/Issues/Development/IEDebt/Open_Letter_IMF_21Dec2017.pdf;
www.networkideas.org/news-analysis/2017/12/53-economists-write-to-imf-directors-on-approach-tosocial-protection/; and www.brettonwoodsproject.org/2017/09/ieo-finds-imf-follows-nebulousstandard-social-protection-engagement/.
In strong contrast to the World Bank’s lengthy consultations over the updating of its social safeguard
policies in 2016.
IMF, The IMF and Social Protection, pp. 23–24.
On the importance of evaluation, see M. Ravallion, “The World Bank: Why it is Still Needed and
Why it Still Disappoints”, in Journal of Economic Perspectives, vol. 30, No. 1, Winter 2017, pp. 82–
84.
IMF, The IMF and Social Protection, p. 4.
Ibid, annex 1.
See report of the Special Rapporteur on extreme poverty and human rights (A/69/297), para. 21.
11
Select target paragraph3
Connect to a paragraph
Connect to an entity
Disable highlights
Add to table of contents