Review of the 1977 Decision on Surveillance over Exchange Rate Policies - Proposal for a New Decision
June 21, 2007
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Review of the 1977 Decision on Surveillance over Exchange Rate Policies - Proposal for a New Decision, (USA: International Monetary Fund, 0) accessed September 29, 2024
Summary
This paper presents a draft Decision that reflects the guidance provided by the Board. In February, the Board endorsed three overarching principles to guide a new Decision: (i) no new obligations for members, together with confirmation that dialogue and persuasion are key pillars of surveillance; (ii) due regard for country circumstances and emphasis on the need for evenhandedness; and (iii) continued flexibility.
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