## Press Release: IMF Grants Observer Status to the European Central Bank

_IMF News, December 22, 1998_

## Source details

**Canonical URL:** [Press Release: IMF Grants Observer Status to the European Central Bank](https://www.imf.org/en/news/articles/2015/09/14/01/49/pr9864)

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## Bibliographic details
- Published: December 22, 1998

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### Key decision and timing
- Press Release No. 98/64
- Date: December 22, 1998
- The International Monetary Fund (IMF) has granted observer status to the European Central Bank (ECB) effective January 1, 1999.
- The decision was adopted by the IMF’s Executive Board.

### Scope of invitation to the ECB
- The ECB will be invited to send a representative to Executive Board meetings on:
  - IMF surveillance under Article IV over the common monetary and exchange rate policies of the euro-area;
  - IMF surveillance under Article IV over the policies of individual euro-area members;
  - The role of the euro in the international monetary system;
  - The World Economic Outlook;
  - International capital markets reports; and
  - World economic and market developments.

### Additional participation
- In addition, the ECB will be invited to send a representative to Executive Board meetings on agenda items recognized by the ECB and the IMF to be of mutual interest for the performance of their mandates.
- At Executive Board meetings, the ECB representative will have the status of observer.

*Source: IMF Press Release No. 98/64, December 22, 1998.*

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## References

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_Source: https://www.imf.org/en/news/articles/2015/09/14/01/49/pr9864_