Selected Decisions and Selected Documents of the IMF, Thirty- Third Issue -- Summing Up by the Acting Chairman-Biennial Review of the Implementation of the Fund's Surveillance and of the 1977 Surveillance Decision
Prepared by the Legal Department of the IMFAs updated with decisions adopted during the first quarter of 2009 (posted July 2009)
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| ARTICLE IV | ||||
| Exchange Arrangements and Surveillance | ||||
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| Summing Up by the Acting Chairman-Biennial Review of the Implementation of the Fund's Surveillance and of the 1977 Surveillance Decision Executive Board Meeting 00/24, March 10, 2000 Most Directors agreed with the current selective approach to the dissemination and use of early warning system models, given the state of the art in this area as well as the sensitivity and imprecision of the results. They encouraged staff to discuss the results of EWS models with country authorities, and to keep the Board informed of these discussions. They ... thought that this suggests that the results of these models have to be tempered with a good deal of judgment and, in any event, used selectively and carefully. Directors supported stepping up collaboration with the World Bank in the analysis of corporate sector vulnerability, with a view toward identifying useful operational indicators. They encouraged staff to continue to look for signs of linkages between potential weaknesses in the corporate sector and external vulnerability, following up, if warranted, on a case-by-case basis. ... | ||||
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