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International Monetary Fund. External Relations Dept.

On April 5, the IMF Executive board agreed to a pilot project for the voluntary release of Article IV staff reports. Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with its members, usually every year. A staff team visits the country, collects economic and financial information, and discusses with officials the country’s economic developments and policies. On return to headquarters, the staff prepares a report, which forms the basis for discussion by the Executive Board.