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.
Nay Pyi Taw, Myanmar, Seminar on Strengthening Fiscal Management and Financial Oversight, December 10, 2016
In December, the IMF hosted a seminar on Strengthening Fiscal Management and Financial Sector Oversight for members of parliament (MPs) in Nay Pyi Taw, Myanmar. Vice-Speaker of the parliament U Aye Tha Aung offered introductory remarks, and Deputy Director of the IMF’s Asia-Pacific Department Odd Per Brekk responded with a welcome message on behalf of the IMF. IMF staff then delivered a series of presentations covering the macroeconomic policy challenges facing Myanmar, Fund capacity development activities in Myanmar, revenue administration and public financial management, financial sector oversight, and macroeconomic statistics. As a capacity development effort, Fund staff also adapted the standard presentations on Fund operations and organization, as well as financial programming and policy, to the Myanmar context, and introduced the MPs to the Parliamentary Network on the World Bank and IMF.
Over 60 members of the Myanmar parliament attended the one-day seminar, along with a number of officials from the Central Bank of Myanmar and the Ministry of Planning and Finance. The seminar is an extension of the Fund‘s extensive technical assistance and training activities in Myanmar, ranging from central bank operations, bank regulation and supervision, revenue administration and policy, public financial management, macroeconomic statistics and analysis, and AML/CFT—making Myanmar one of the top recipients of IMF capacity development resources. The assistance is delivered through a mix of resident advisers, the Technical Assistance Office for Lao PDR and Myanmar, and Washington-based experts. MPs were most interested in the economic interlinkages affecting the current account deficit; ways to improve revenue management; development of the financial market; and exchange rate policy.
Tunis, Tunisia, Regional Conference on Jobs and Entrepreneurship, December 1–2, 2016
Over 40 members of parliament from 10 countries—Algeria, Bahrain, Djibouti, Egypt, Iraq, Jordan, Lebanon, Malta, Morocco, and Tunisia—met in Tunis on December 1–2 for the launch of the Middle East and North Africa chapter of the Parliamentary Network of the World Bank and IMF. The Prime Minister of Tunisia, Youssef Chahed, opened the conference, and the Ministers of Finance and Development also addressed the group. The Fund worked in concert with the Bank and Parliamentary Network to organize the conference. The conference included panel discussions on regional economic/governance reform priorities; the role of regional networks; youth unemployment; and fragile states. A theme throughout several sessions was the desire for increased accountability and transparency, both in government generally, as well as in the context of IMF programs. Going forward, the MENA Chapter of the Parliamentary Network will act as a platform for MPs from the region to exchange knowledge and experiences. At a working session that wrapped up the conference, the group decided to hold their next meeting in Morocco in 2017.
Washington, D.C., Visit by Indonesian Members of Parliament, November 18, 2016
A delegation of 14 members of parliament from Indonesia’s House of Representatives visited IMF headquarters in Washington in November for meetings with senior IMF and World Bank officials. The MPs, all members of Commission XI, are responsible for drafting and reviewing legislation, holding hearings, and supervising the implementation of laws covering finance, fiscal and monetary policy, banking, and planning & development supervision. During the meetings, IMF officials presented their latest analysis and macroeconomic outlook for the Indonesian economy. The MPs raised questions on various economic policy issues. IMF officials also provided an update on the planning and preparations for the 2018 IMF and World Bank Annual Meetings, which will be held in Indonesia. Teams from the IMF and World Bank are working closely with counterparts in Indonesia to ensure a successful “Voyage to Indonesia” for the 2018 Meetings.
Washington, D.C., Visit by Members of the European Parliament, May 19, 2016
In May, a delegation of 11 members of the European Parliament’s Special Committee on Tax Rulings visited Washington for a series of meetings with U.S. Government agencies and Congressional offices, as well as with international organizations. IMF staff from the Fiscal Affairs Department briefed MPs on the Fund’s work in the area of international taxation policy. Topics of discussion included the Fund’s work on the Platform for Collaboration on Tax, the efficient use of tax incentives, as well as other law reform efforts in various countries intended to combat tax evasion and tax avoidance. MPs were also interested in the Fund’s work on the Base Erosion and Profit Shifting (BEPS) initiative, and in particular the work related to spillovers in international corporate taxation.
Washington D.C., Global Parliamentary Conference, April 10-12, 2016
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, D.C.
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.
Vienna, Austria, Seminar for MPs from Southeastern and Eastern Europe, March 2–4, 2016
The IMF held a regional seminar for MPs from Bosnia-Herzegovina, Romania, Serbia, and Ukraine at the Joint Vienna Institute in March. The regional format provides a platform for peer-to-peer engagement, in which MPs are encouraged to share and discuss best practices in their own experience from their respective countries. IMF Resident Representatives, who are the IMF’s primary in-country representatives, presented the country outlook for each of their respective countries, with MPs from those countries responding to the presentations, which in turn spurred conversation among the wider group. The workshop sessions included presentations by IMF and JVI staff on the global role of the IMF, the region’s economic outlook, the economic effects of the refugee crisis, and energy subsidies reform. Most of the MPs served on budget/finance committees in their parliaments.
Vienna, Austria, Workshop for MPs from Central Asia and the Caucasus, July 27–28, 2015
The IMF, in cooperation with the World Trade Organization (WTO), held a two-day workshop aimed at exposing parliamentarians to the role of the IMF and WTO in the region and explaining the economic policies recommended by the IMF. Held in Vienna at the Joint Vienna Institute, the workshop provided a forum for parliamentarians from across Central Asia and the Caucasus to exchange views on their experiences in economic policymaking, including emerging challenges and issues. MPs from 7 countries—Armenia, Georgia, Kazakhstan, Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan—attended the two-day workshop. IMF and JVI staff led sessions on the regional economic outlook, efficient fiscal management, and energy subsidies reduction. WTO staff delivered presentations on various trade-related topics, including the trade and development and the WTO’s trade facilitation agreement.
Washington, D.C., Visit by Members of the European Parliament, July 20, 2015
In July, IMF staff and members of the IMF Executive Board welcomed members of the European Parliament’s Committee on Economic and Monetary Affairs to the Fund for an afternoon of meetings and discussions. The meetings were part of the group’s two-day visit to Washington for a series of official meetings with other Washington-based agencies and institutions. The IMF’s European Executive Directors first provided an overview of the structure and representation of the IMF Executive Board. Staff from the IMF’s European Department then provided an update on the economic outlook for Europe, and discussed topics related to financing for the economy and a common euro area fiscal policy. Finally, staff from the Fiscal Affairs Department provided an overview of the Fund's work on international taxation, particularly in the context of developing countries, and addressed questions on enforcement and tax collection.
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
Lao People's Democratic Republic : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Lao People's Democratic Republic
February 15, 2017
Country Report No. 17/53