{
  "title": "Guidance Note for Article IV Consultations",
  "publication": "Policy Papers, October 10, 2012",
  "sourceUrl": "https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/guidance-note-for-article-iv-consultations-pp4711",
  "canonical": "https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/guidance-note-for-article-iv-consultations-pp4711",
  "overlayPath": "/en/publications/policy-papers/issues/2016/12/31/guidance-note-for-article-iv-consultations-pp4711/index.md",
  "summary": "This note provides guidance to staff on the conduct of surveillance in the context of Article IV consultations, a core activity of the Fund. Surveillance involves the continuous monitoring of members‘ economic and financial policies and their impact on their own and global stability.",
  "sections": [
    {
      "heading": "Purpose of the Guidance Note",
      "content": "- Provides guidance to staff on the conduct of surveillance in the context of Article IV consultations, described as a core activity of the Fund.\n- Defines surveillance as the continuous monitoring of members‘ economic and financial policies and their impact on their own and global stability.\n- Emphasizes the goal to promote the stability of members‘ economies and the effective operation of the international monetary system, including through maintaining global stability."
    },
    {
      "heading": "Scope and Focus of Article IV Consultations",
      "content": "- Staff holds pointed discussions with country authorities on:\n  - the economic situation,\n  - the authorities‘ policies and how these affect the country‘s stability,\n  - the role of potential or actual spillovers where relevant,\n  - desirable policy adjustments.\n- These discussions are reported to the Fund‘s Executive Board for its consideration.\n- The process relies on thorough analysis, candid discussions, and a peer-review mechanism."
    },
    {
      "heading": "Key Subject Areas Covered",
      "content": "- Article IV consultations\n- Article VIII\n- Article XIV\n- Background papers\n- Balance of payments\n- Bilateral surveillance\n- Financial stability\n- Multilateral surveillance"
    },
    {
      "heading": "Publication and Access Notes",
      "content": "- Publication date listed as October 10, 2012.\n- The IMF eLibrary offers over 25,000 IMF publications in multiple formats.\n- Format citation example provided: Guidance Note for Article IV Consultations, (USA: International Monetary Fund, 0) accessed 9/15/2026\n\nSource: Guidance Note for Article IV Consultations (page overview).\n\n---\n\n Content in this bundle\n\n- Guidance Note for Surveillance Under Article IV Consultations; IMF Policy Papers; October 10, 2010\n  - Guidance Note for Surveillance Under Article IV Consultations; IMF Policy Papers; October 10, 2010 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Guidance Note for Surveillance Under Article IV Consultations; IMF Policy Papers; October 10, 2010 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/guidance-note-for-article-iv-consultations-pp4711"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/policy-papers/issues/2016/12/31/guidance-note-for-article-iv-consultations-pp4711/index.md)",
    "[Structured JSON version](/en/publications/policy-papers/issues/2016/12/31/guidance-note-for-article-iv-consultations-pp4711/index.json)",
    "[Bundle manifest](/en/publications/policy-papers/issues/2016/12/31/guidance-note-for-article-iv-consultations-pp4711/bundle-manifest.json)",
    "Published: October 10, 2012",
    "Series: Policy Papers",
    "Provides guidance to staff on the conduct of surveillance in the context of Article IV consultations, described as a core activity of the Fund.",
    "Defines surveillance as the continuous monitoring of members‘ economic and financial policies and their impact on their own and global stability.",
    "Emphasizes the goal to promote the stability of members‘ economies and the effective operation of the international monetary system, including through maintaining global stability.",
    "Staff holds pointed discussions with country authorities on:",
    "These discussions are reported to the Fund‘s Executive Board for its consideration.",
    "The process relies on thorough analysis, candid discussions, and a peer-review mechanism.",
    "Article IV consultations",
    "Article VIII",
    "Article XIV",
    "Background papers",
    "Balance of payments",
    "Bilateral surveillance",
    "Financial stability",
    "Multilateral surveillance",
    "Publication date listed as October 10, 2012.",
    "The IMF eLibrary offers over 25,000 IMF publications in multiple formats.",
    "Format citation example provided: Guidance Note for Article IV Consultations, (USA: International Monetary Fund, 0) accessed 9/15/2026",
    "**Guidance Note for Surveillance Under Article IV Consultations; IMF Policy Papers; October 10, 2010**"
  ],
  "related": [
    {
      "title": "Guidance Note for Surveillance Under Article IV Consultations; IMF Policy Papers; October 10, 2010",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-full-text-pdf/external/np/pp/eng/2012/_101012.pdf",
      "summary": {
        "path": "/-/media/websites/imf/imported-full-text-pdf/external/np/pp/eng/2012/_101012.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/websites/imf/imported-full-text-pdf/external/np/pp/eng/2012/_101012.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/policy-papers/issues/2016/12/31/guidance-note-for-article-iv-consultations-pp4711/index.md",
    "json": "/en/publications/policy-papers/issues/2016/12/31/guidance-note-for-article-iv-consultations-pp4711/index.json",
    "bundleManifest": "/en/publications/policy-papers/issues/2016/12/31/guidance-note-for-article-iv-consultations-pp4711/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-18T21:43:28.467Z"
}