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.
The views expressed in an Article IV staff report itself are those of the staff team and do not necessarily reflect the views of the Executive Board of the IMF or of the authorities. The views of the Executive Board are summarized in a Public Information Notice (PIN), which is attached to the Article IV report. Comments by the authorities on the staff report are also attached, if any were submitted at the time of the Executive Board discussion. Additional documentation prepared by IMF staff for the Article IV consultation may be posted on the IMF’s website separately as part of the Staff Country Report series and subsequent to the posting of the Article IV staff report.
The IMF will review the experience with the publication of Article IV staff reports under the pilot project after a year. Comments on the reports and the project are invited (details available on the IMF’s website: http://www.imf.org).
Following are recently published Article IV staff reports in the Staff Country Report series:
99/47: Kingdom of the Netherlands—Aruba
99/48: Trinidad and Tobago
99/50: Albania (also includes request for second annual arrangement under the Enhanced Structural Adjustment Facility and request for augmentation)
99/59: Republic of Estonia
IMF Staff Country Reports are available for $15.00 a copy from IMF Publication Services. See page 237 for ordering information.