## Bilateral Surveillance Guidance Note

_Policy Papers, December 22, 2010_

## Source details

**Canonical URL:** [Bilateral Surveillance Guidance Note](https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/bilateral-surveillance-guidance-note-pp4400)

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## Bibliographic details
- Published: December 22, 2010
- Series: Policy Papers

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### Overview
- Provides guidance to staff on the conduct of bilateral surveillance, a core activity of the Fund.
- Surveillance involves the continuous monitoring of members’ economic and financial policies, and regular Article IV consultations.
- Publication date: December 22, 2010.

### Core activities and procedures
- Continuous monitoring of members’ economic and financial policies.
- Regular Article IV consultations during which:
  - Staff holds pointed discussions with country authorities on the economic situation, the authorities’ policies, and desirable policy adjustments.
  - These discussions are reported to the Fund’s Executive Board for its consideration.
- The eLibrary offers over 25,000 IMF publications in multiple formats.

### Objectives and rationale
- Through thorough analysis, candid discussions, and a peer-review mechanism, the guidance aims to:
  - Promote the domestic stability of members’ economies.
  - Promote the external stability of members’ economies.
  - Thereby promote the stability of the international monetary system as a whole.

### Topics and subject coverage
- Article IV consultations
- Consultations with members
- Exchange rate policy surveillance
- Exchange rates
- Financial sector
- Monetary policy
- Monetary unions
- Spillovers
- Standards and codes

*Source: Bilateral Surveillance Guidance Note (December 22, 2010). https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/bilateral-surveillance-guidance-note-pp4400*

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_Source: https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/bilateral-surveillance-guidance-note-pp4400_