Abstract

The IMF’s Articles of Agreement call for it to oversee the international monetary system in order to ensure its effective operation, and to exercise firm “surveillance”—that is, oversight, including monitoring and analysis—over its member countries’ exchange rate policies. As decided by the Executive Board, this appraisal of a country’s exchange rate policies must involve a comprehensive analysis of the economic situation and policies of the country, including domestic as well as external policies.

Making the Global Economy Work for All