Legislators and the IMF
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.
Washington DC, Global Parliamentary Conference (April 10-12, 2016): Capacity Building for the 21st Century
The Global Parliamentary Conference, organized by the International Monetary Fund (IMF), World Bank Group, and Parliamentary Network, took place over a period of three days in April on the sidelines of the IMF-World Bank Spring Meetings. More than 150 parliamentarians from 70 countries attended the conference in Washington, DC.
Economic institutions play a critical role in fostering macroeconomic stability and development throughout the world. Panelists at the Capacity Building for the 21st Century session focused on how technical assistance helps build economic institutions and training works to strengthen the skills of officials who implement key economic policies and programs.
The panel was moderated by Rhoda Weeks-Brown, Deputy Director of the IMF’s Communications Department. Speakers included Martin Chungong, Secretary General, Inter-Parliamentary Union (IPU), who discussed the need for parliamentarians to build public trust and the importance of being transparent, accessible, accountable and effective; Deborah L. Wetzel, Senior Director, Governance for the Capacity, World Bank Group, who described working with parliamentarians to build inclusive institutions by supporting citizen engagement, collecting data, providing training and doing work on analysis and knowledge; and Sharmini Coorey, Director, Institute for Capacity Development, IMF.
"When it comes to capacity building, people don't necessarily think of the IMF,” Coorey said, “but the IMF devotes 27 percent of its activities toward capacity building.” The IMF provides technical assistance and training in four main areas: fiscal policy and management, monetary and financial systems, statistics, and legal frameworks. It trains 8,000 officials a year face-to-face and has reached 19,000 active participants through its online courses, teaching people how to analyze economic developments and formulate and implement effective policies.
“If you're going to have doctors and nurses deliver public health, if you're going to have teachers deliver public education, you need a stable economy and a sustainable source of income for the government,” Coorey explained, adding that strong public institutions with skilled staff are essential for countries to fulfill these basic needs.
The range of topics discussed by the speakers also drew questions on a number of issues from the parliamentarians in the audience, ranging from training for parliamentarians, to gender, youth and the funding of programs. Continued dialogue and engagement between parliamentarians, the World Bank and the IMF on these and broader capacity development issues was seen as key to foster strong partnerships and strengthen the foundation for robust, sustainable, and inclusive growth throughout the world.
Washington, D.C., Global Parliamentary Conference, April 12-13, 2015
A two-day Global Parliamentary Conference took place during the IMF-World Bank Spring Meetings. Over 200 MPs from 81 countries attended the conference, which was organized jointly by the IMF, World Bank, and Parliamentary Network.
The program consisted of panel discussions on Financing For Development and Attaining the Sustainable Development Goals; Healthcare and Reponses to Health Crises; Gender Equality; Unemployment & Inequality; Environmental Sustainability; and Transparent & Accountable Institutions. Both the IMF and World Bank were represented at senior levels on all the panels, with MPs moderating the various panels. IMF Managing Director Christine Lagarde held a town hall event with the MPs, jointly with World Bank President Jim Kim. Many of the topics drew questions from MPs that focused on how they, as parliamentarians, could take actions at the national level to help address these issues.
Rwanda, Seminar on Extractive Industries: The Role of the Legislature, January 12-15, 2015
The IMF, jointly with the Commonwealth Parliamentary Association, World Bank, United Nations Development Programme, and the Natural Resource Governance Institute held an inter-country seminar in Rwanda from January 12-15, 2015 to familiarize legislators with the IMF’s work and provide a forum to exchange views on transparency and accountability in extractive industries in Africa. Twenty members of parliament from Rwanda, Tanzania, Uganda, Ghana, Democratic Republic of Congo, Niger, Kenya, Zambia, Seychelles, Cameroon, and Western Australia attended the event.
Kuwait, Seminar in the Middle East and North Africa for parliamentarians, Dec. 2-4, 2014
(photo: IMF), Dec. 2-4, 2014.
The International Monetary Fund (IMF) and the World Trade Organization (WTO) reached out to parliamentarians from the Middle East and North African (MENA) countries, sponsoring a seminar to foster greater understanding of the global and regional roles of the two institutions and exchange views on the economic issues facing the region. The seminar was held during December 2-4 at the IMF Middle East Center for Economics and Finance (CEF) in Kuwait City. Twenty-six members of parliament from many Mashreq and Maghreb countries—Algeria, Jordan, Libya, Mauritania, Morocco, Sudan, West Bank and Gaza, and Yemen—attended the event.
Bangladesh, Parliamentarian Seminar, November 18-20, 2014
Organized and financed by the Commonwealth Parliamentary Association (CPA), the seminar brought together parliamentarians from five South and South East Asian parliaments. The Speaker of the Bangladesh Parliament, who also serves as Secretary General of the CPA, hosted the seminar. The event provided participants with an overview of the IMF’s activities and areas of focus in South and South East Asia, and discussed perspectives of senior parliamentarians and administrators on challenges in their respective countries and views on the role of the IMF. Twenty parliamentarians and high-level parliamentary administrators from India, Pakistan, Sri Lanka, Malaysia, and Bangladesh participated.
Jordan, Seminar in the Middle East and North Africa for parliamentarians, Sept. 11-12, 2014
The International Monetary Fund (IMF) held its first country specific seminar in the Middle East and North Africa for parliamentarians in Jordan from September 11-12, 2014 to familiarize the participants with the IMF’s work and provide a forum to exchange views on economic developments in Jordan. The participants included Speaker of Jordan’s Lower House of Parliament, Atef Tarawneh, who delivered the opening remarks and members of parliament’s finance and economic committees.
Lower House Speaker Atef Tarawneh kick-starts the IMF first MENA country specific parliamentarian seminar in Jordan, September 11, 2014.
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 various countries, like to Sri Lanka in 2012, Tanzania in May 2014, and Peru in March 2015. 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
Eastern Caribbean Currency Union: 2016 Discussion on Common Policies of Member Countries—Staff Report
October 25, 2016