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Forum for the Future of Aid

Southern Voices for Change in the International Aid System Project

The Forum on the Future of Aid is an online community dedicated to research and opinions about how the international aid system currently works and where it should go next

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Closing all Paths to Trade-led Development? The IMF Revises Guiding Principles on Surveillance

By Aldo Caliari

In June 2007, after over one year of review, the Fund modified its main guidelines on the implementation of Article IV of its Articles of Agreement. The guidelines, issued originally in 1977, regulated the Fund’s role in exercising surveillance over the exchange rate policies of member countries.
The group of G24 (group of developing country members in the IMF) expressed to be "especially concerned that expanding the principles for the guidance of members in the Decision would blur the distinction between surveillance over exchange rate policies and over domestic policies”

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