IMF Staff Completes Membership Mission to the Principality of Liechtenstein
IMF News, December 8, 2023
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- IMF Staff Completes Membership Mission to the Principality of Liechtenstein
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Bibliographic details
- Published: December 8, 2023
Mission overview and timeline
- IMF mission led by Gabriel Di Bella visited Vaduz during November 27-December 8, 2023, in response to application by the Government of the Principality of Liechtenstein for membership in the IMF.
- Press Release No. 23/430
- End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board.
Key findings and progress
- “Very good progress has been made in the implementation of preparatory steps for membership, including data collection for quota calculation.”
- During the visit, staff and authorities discussed:
- member rights and obligations,
- IMF financial operations,
- the designation of depository and fiscal agencies,
- IMF governance and decision-making structures,
- recent economic developments, opportunities, and challenges,
- macroeconomic and financial policies.
- “Staff and the authorities also discussed ... statistical capacity” improvements as an area for IMF support.
Benefits of IMF membership (as stated by staff)
- Membership would support investor confidence and strengthen the Principality’s position as a financial center.
- Membership would allow the Principality to access IMF resources, if needed.
- Membership would allow the Principality to benefit from policy advice and support to strengthen statistical capacity.
- Membership would contribute to further cement the strong global economic footprint of the Principality.
Next steps and timelines
- “Staff indicated that next steps include consideration of the application of the Principality of Liechtenstein by the IMF's Executive Board by end-March 2024; the Executive Board would then submit a recommendation to the Board of Governors of the IMF in the form of a Membership Resolution.”
Meetings and stakeholders engaged
- Staff met with:
- H.S.H. Hereditary Prince Alois,
- Prime Minister Risch,
- Deputy Prime Minister Monauni,
- members of Parliament,
- representatives of the Financial Market Authority (FMA),
- other government officials,
- representatives of the business and financial communities,
- other stakeholders.
- IMF team expressed gratitude to the FMA and the Ministry of Government Affairs and Finance for assistance with meeting and logistical arrangements.
Media contact
- IMF Communications Department, MEDIA RELATIONS
- PRESS OFFICER: Camila Perez
- Phone: +1 202 623-7100Email: MEDIA@IMF.org
- @IMFSpokesperson
IMF Staff Completes Membership Mission to the Principality of Liechtenstein — Press Release No. 23/430, December 8, 2023.
