IMF Executive Board Concludes 2023 Article IV Consultation with Indonesia
IMF News, June 20, 2023
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- IMF Executive Board Concludes 2023 Article IV Consultation with Indonesia
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Bibliographic details
- Published: June 20, 2023
Event summary
- Press Release No. 23/221
- June 20, 2023
- On May 22, 2023, the Executive Board of the International Monetary Fund concluded the consideration of the 2023 Article IV Consultation with Indonesia.
Article IV mandate and consultation process
- Under Article IV of its Articles of Agreement, the IMF has a mandate to exercise surveillance over the economic, financial and exchange rate policies of its members in order to ensure the effective operation of the international monetary system.
- The IMF’s appraisal of such policies involves a comprehensive analysis of the general economic situation and policy strategy of each member country.
- IMF economists visit the member country, usually once a year, to collect and analyze data and hold discussions with government and central bank officials.
- Upon its return, the staff submits a report to the IMF’s Executive Board for discussion.
- The Board’s views are subsequently summarized and transmitted to the country authorities.
Media and contact information
- IMF Communications Department
- MEDIA RELATIONS
- PRESS OFFICER: Huong Lan Vu
- Phone: +1 202 623-7100
- Email: MEDIA@IMF.org
- @IMFSpokesperson
IMF Press Release No. 23/221, June 20, 2023