International Monetary Fund. External Relations Dept.
INTERNATIONAL MONETARY FUND
This paper describes the IMF's activities in developing countries. The paper highlights that there are several instances in which the Articles of Agreement require a member to consult on its policies with the IMF. Other actions by a member concerning the exchange rate of its currency, or its exchange regime generally require the IMF's prior approval or concurrence. Under the IMF's policy, a member also discusses with the IMF changes in its financial programs in support of which the use of the IMF's resources has been pledged.