The Fund’s Mandate - The Future Financing Role - Reform Proposals

Author: International Monetary Fund

This paper examines the implications of the Fund accepting membership in the Financial Stability Board (“FSB”).

Volume/Issue: Volume 2010 Issue 098

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Exports and Imports , Finance , Economics- Macroeconomics , PP , PCL arrangement , Fund resource , Fund financing , PCL decision , Fund arrangement , GSM policy , qualification requirement , Systemic crises , Balance of payments need , Liquidity , Crisis prevention , Global

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Summary

This paper examines the implications of the Fund accepting membership in the Financial Stability Board (“FSB”). The FSB Charter (the ?Charter?) explicitly contemplates the possibility of the Fund and the other international financial institutions becoming members but notes that ?the acceptance of membership by the international financial institutions (IFIs) in the FSB is subject to the approval of their respective governing bodies.? An Executive Board decision is required for the Fund to accept membership and is proposed below.