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One benefit of IMF membership is countries are entitled to technical assistance in banking, fiscal affairs and exchange matters, and one way they help is through country surveillance and Article IV consultations. During these consultations a team of IMF economics visit countries with IMF membership and assess economic and financial developments ...
China as a current member of the IMF, is bounded by the Articles of Agreement of the International Monetary Fund. [7] [8] However, whether China has fulfilled its obligations defined in Article IV of the International Monetary Fund with its exchange policies and arrangements remains debated.
Under Article IV of the IMF's Articles of Agreement, the IMF has the obligation to "exercise surveillance" over its policy members. This means that they look after the economic, financial, and exchange rate policies of its members, including Kazakhstan and meet approximately once a year [ 2 ] with Kazakh government and national bank officials.
IMF staff recommends introducing the Qualified Workers Program which provides seasonal visas for workers. Streamlining the administrative process for obtaining employment and a visa was a significant point made by the IMF directors in the 2021 Article IV Consultation report.
Greece owes the IMF 6,735.64 million SDR, [4] and is the fund's third-largest borrower (after Argentina and Ukraine). [5] In 2018, the fund began conducting annual post-program monitoring of Greece in addition to its annual Article IV consultation. [5]
[citation needed] According to IMF records, Vietnam is still paying that loan and continues their membership with the IMF. [6] Since 2012, the Vietnamese dong closely tied to the U.S. dollar. [10] Every year or two Vietnam undergoes a cycle staff report based on Article IV Consultation [11] and hold discussions of their economic developments ...
An agreement was reached to hold Article IV consultations in November 2017. [7] Azerbaijan was included in a 2017 IMF outlook report for the Middle East where the IMF believes economic conditions are gradually improving, in part due to a preferable environment emerging in the global community. Despite this, progress will be hampered due to a ...
The Article IV report stated that the rebound of the Irish economy was exceptional. Ireland's GDP grew by 7.8 percent in 2015 on the back of strong domestic demand and solid export growth. [5] As of 2017 the economic prosperity in Ireland continued to grow. The Irish Times stated that the IMF expected Irish economy to grow by 3.5% in 2017. [6]