{
  "title": "IMF Staff Completes Membership Mission to the Principality of Liechtenstein",
  "publication": "IMF News, December 8, 2023",
  "sourceUrl": "https://www.imf.org/en/news/articles/2023/12/08/pr23430-liechtenstein-imf-staff-completes-membership-mission-principality",
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  "summary": "An International Monetary Fund (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. At the end of these discussions, Mr.",
  "publishDate": "2023-12-08",
  "sections": [
    {
      "heading": "Mission overview and timeline",
      "content": "- 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.\n- Press Release No. 23/430\n- 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."
    },
    {
      "heading": "Key findings and progress",
      "content": "- “Very good progress has been made in the implementation of preparatory steps for membership, including data collection for quota calculation.”\n- During the visit, staff and authorities discussed:\n  - member rights and obligations,\n  - IMF financial operations,\n  - the designation of depository and fiscal agencies,\n  - IMF governance and decision-making structures,\n  - recent economic developments, opportunities, and challenges,\n  - macroeconomic and financial policies.\n- “Staff and the authorities also discussed ... statistical capacity” improvements as an area for IMF support."
    },
    {
      "heading": "Benefits of IMF membership (as stated by staff)",
      "content": "- Membership would support investor confidence and strengthen the Principality’s position as a financial center.\n- Membership would allow the Principality to access IMF resources, if needed.\n- Membership would allow the Principality to benefit from policy advice and support to strengthen statistical capacity.\n- Membership would contribute to further cement the strong global economic footprint of the Principality."
    },
    {
      "heading": "Next steps and timelines",
      "content": "- “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.”"
    },
    {
      "heading": "Meetings and stakeholders engaged",
      "content": "- Staff met with:\n  - H.S.H. Hereditary Prince Alois,\n  - Prime Minister Risch,\n  - Deputy Prime Minister Monauni,\n  - members of Parliament,\n  - representatives of the Financial Market Authority (FMA),\n  - other government officials,\n  - representatives of the business and financial communities,\n  - other stakeholders.\n- IMF team expressed gratitude to the FMA and the Ministry of Government Affairs and Finance for assistance with meeting and logistical arrangements."
    },
    {
      "heading": "Media contact",
      "content": "- IMF Communications Department, MEDIA RELATIONS\n- PRESS OFFICER: Camila Perez\n- Phone: +1 202 623-7100Email: MEDIA@IMF.org\n- @IMFSpokesperson\n\nIMF Staff Completes Membership Mission to the Principality of Liechtenstein — Press Release No. 23/430, December 8, 2023.\n\n---\n\n\n References\n\n- https://www.imf.org/-/media/images/imf/bios/imfboard.jpg\n- The Executive Board\n- Principality of Liechtenstein and the IMF\n- Press Releases\n- PRESS CENTER\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/news/articles/2023/12/08/pr23430-liechtenstein-imf-staff-completes-membership-mission-principality"
    }
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    "Published: December 8, 2023",
    "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.",
    "“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:",
    "“Staff and the authorities also discussed ... statistical capacity” improvements as an area for IMF support.",
    "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.",
    "“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.”",
    "Staff met with:",
    "IMF team expressed gratitude to the FMA and the Ministry of Government Affairs and Finance for assistance with meeting and logistical arrangements.",
    "IMF Communications Department, MEDIA RELATIONS",
    "PRESS OFFICER: Camila Perez",
    "Phone: +1 202 623-7100Email: MEDIA@IMF.org",
    "@IMFSpokesperson",
    "[https://www.imf.org/-/media/images/imf/bios/imfboard.jpg](https://www.imf.org/-/media/images/imf/bios/imfboard.jpg)",
    "[The Executive Board](https://www.imf.org/external/np/sec/memdir/eds.aspx)",
    "[Principality of Liechtenstein and the IMF](https://www.imf.org/en/Countries/LIE)",
    "[Press Releases](https://www.imf.org/en/news/searchnews)",
    "[PRESS CENTER](http://presscenter.imf.org/)",
    "[https://www.imf.org/en/home](https://www.imf.org/en/home)"
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