This study evaluates the relevance and utilisation of IMF research to member country authorities, to IMF staff and to other stakeholders. It also examines its technical quality and management. Research is at the heart of innovation and improving policymaking. At the IMF, research contributes to the development and updating of conceptual models and tools that form the basis for its analysis and policy recommendations. IMF research has played an important role on how country authorities think about policymaking, and on furthering global knowledge. High-quality research also contributes to the IMF’s reputation and credibility. The IMF produces a large body of research, ranging from background studies for bilateral surveillance activities to working papers and external publications dealing with topics of more general interest. This includes a large number of high-quality products, many of which are widely read in member countries and play a significant role in policymaking. This is particularly true for the WEO and GFSR, but also for other publications. At the same time, the evaluation found that there is significant scope to improve the relevance and quality of IMF research, and enhance its utilization. Early consultations with country authorities on research themes, a greater country and institutional context, and clearer standards for quality control are some of the required measures.