The Office of the Nordic-Baltic Constituency INTERNATIONAL MONETARY FUND

This broad foundation of the Fund’s surveillance over exchange rate policies is laid out in Article IV of the Fund’s Articles of Agreement, and further specified in the 1977

The Nordic- Baltic chair also agreed that the Fund should focus its policy advice, capacity building and financial assistance on macro-critical issues and institutions relevant

The Work Program envisages further work on quota and governance reform, the review of the SDR basket, engagement in the post-2015 global development agenda, discussions of

In addition to the protracted debates on governance issues and the Fund’s resources in 2010, the main policy topics were strengthening the Fund surveillance, reforming

Main topics covered by the Executive Board over the past six months– in addition to continuous assessments of the economic and financial situation – include a further strengthening

The Fund is focused on bilateral and multilateral surveillance, providing policy advice, technical support and financial assistance to underpin member countries’ adjustment

A review of the current quota formula was also agreed as part of the 2010 reforms 4. Any realignment is expected to result in increases in the quota shares of dynamic economies in

underscored that strengthening fiscal institutions and public financial management systems in LICs would be critical for effective utilization of higher aid. The Nordic-Baltic