Legislators and the IMF
Last Updated: June 2, 2014
Welcome to the IMF's website for legislators. Our dialogue is aimed at explaining IMF advice, discuss policy trade-offs, learn wider views and concerns, and ultimately contribute to greater transparency, ownership, and accountability of economic policy choices.
The IMF proactively engages with Members of Parliament (MPs) through already established “umbrella” parliamentary organizations, such as the Parliamentary Network on the World Bank and International Monetary Fund (PN), the Commonwealth Parliamentary Association (CPA), the Global Organization of Parliamentarians Against Corruption (GOPAC), and the NATO Parliamentary Assembly. At the country level, the IMF also reaches out to parliamentarians on the committees that have oversight of economic issues.
Pakistan, Parliamentarians Key to Economic Reform Program
On May 12, 2014, Jeffrey Franks, IMF Pakistan Mission Chief, met with a group of 16 MPs in Islamabad during the third review of the EFF program. The objective of the meeting was to inform MPs of the recent discussions between the authorities and the IMF in the context of the economic reform program, but also to hear their views about the most important economic challenges facing the nation, including on the issue of tax administration and collection reforms.
Mozambique Parliamentary Event
Members from the Parliamentary Budgetary and Planning Committee from Mozambique attended a one-day seminar with the IMF on April 25, 2014. This seminar was part of the outreach ahead of the Africa Rising Conference. Sessions covered included the Global Economic Outlook and regional prospects as well as an extensive discussion on the role of MPs in resource-rich countries such as Mozambique.
Discussions with Gulf Parliamentarians
The IMF provided a forum for parliamentarians from member countries of the Gulf Cooperation Council (GCC)—Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates—to exchange views on the Fund’s role and the economic issues facing the region. Held during April 28-29 at the IMF Middle East Center for Economics and Finance (CEF) in Kuwait City, the two-day seminar aimed to foster greater understanding of the IMF’s role and familiarize participants with the macroeconomic analysis and policy tools underpinning its core policy consultations and programs, says IMF. Read full story
Eastern European MPs at JVI
In February, the IMF held a two-day seminar for a group of 12 MPs from Eastern European countries at the Joint Vienna Institute. The aim of the seminar was to increase mutual understanding of selected economic issues by country parliaments and to examine actual country cases of recent IMF engagements in the region. MPs from Kosovo, Moldova, Slovenia, Bosnia and others attended the seminar, which included a presentation of the IMF’s book on Jobs and Growth in Europe.
Joint Vienna Institute, Resource Management Workshop for MPs
In order for natural resources to be used effectively and to contribute positively to development, greater participation, transparency, and accountability across the EI value chain needs to be promoted. These governance objectives can only be achieved with the support of a wide range of stakeholders such as governments, multinational corporations, the media, Civil Society Organizations (CSOs) and, importantly, Parliaments. In 2012 and 2013, in partnership with the World Bank Institute, the Commonwealth Parliamentary Association and Revenue Watch, the IMF participated in a seminar on the management of natural resources for African MPs at the JVI.
IMF Survey: Private Sector to Drive Africa's Growth, Bring Prosperity
The private sector will drive Africa’s economic growth and bring about the prosperity the continent’s people need and deserve, Rwanda’s President Paul Kagame told a conference of African legislators. Read Full Story
Parliamentary Network on the World Bank and the IMF (PN)
The Fund and the World Bank support the Parliamentary Network, whose mission is to provide a platform for parliamentarians around the globe to advocate for increased accountability and transparency in international financial institutions and multilateral development financing.
Through the PN, the IMF has held specialized conferences, such as one in Rwanda in 2012 on private sector development, and Field Visits to IMF-supported program countries, like to Sri Lanka in 2012 and to Tanzania in May 2014. The IMF also holds workshops for MPs during the Spring and Annual Meetings to provide an overview of the main economic challenges as well as of latest research on topics that the Fund is developing.
Parliamentarians at the Fund during the 2011 Spring Meetings
Group of MPs from developing, emerging, and developed countries attend workshop at IMF during Spring Meetings 2011. Read Full Story
Reports from Past Legislative Events
An archive of documents and materials from past legislative events dating back to 2003.
Archive of Annual and Spring Meetings
Annual and Spring Meetings of the International Monetary Fund and the World Bank Group.
Latest from the IMF
United Kingdom: 2014 Article IV Consultation--Staff Report; Press Release; and Statement by the Executive Director for the United Kingdom
July 28, 2014
Country Report No. 14/233