The Policy Framework of the International Monetary Fund (IMF): An Overview of Recent Developments

Mary J. Keeney
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Mary J. Keeney: Central Bank of Ireland

Quarterly Bulletin Articles, 2017, 92-102

Abstract: This Article outlines some key IMF policy developments, discusses their global financial implications and highlights some direct implications for Ireland as a member of the IMF. The passing of the 14th General Review implied significant reforms to the IMF's lending capacity, country representation and governance as well as to the conditions under which Members can access resources. Other recent changes include a fundamental modification of the exceptional access framework and lending into arrears policies as well as the recognition by the IMF of the global currency status of the Renminbi. The Article concludes with a brief discussion of future challenges for the IMF.

Date: 2017-01
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Persistent link: https://EconPapers.repec.org/RePEc:cbi:qtbart:y:2017:m:01:p:92-102

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