Article IV consultations

The IMF has a mandate under Article IV of its Articles of Agreement to closely monitor the exchange rate policies of its members. This requires a comprehensive analysis of the general economic situation of each member, as well as its main policy orientation. Article IV consultations take place usually once a year. After having visited the concerned country and met with the relevant officials, IMF staff submits a report to the Executive Board for discussion. The Board opinions are thereafter forwarded to the concerned country.

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