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The 2014 review of surveillance comes at a critical juncture for the Fund and its member...

The IMF’s third Pilot External Sector Report (ESR) presents a multilaterally consistent...

The IMF’s Second Pilot External Sector Report presents a multilaterally consistent assessment of...

The Executive Board has agreed that post-program monitoring (PPM), with formal involvement of the...

The assessment of external positions and exchange rates is a key mandate of the IMF. This paper...

Credibility is the bedrock of any crisis stress test. The use of stress tests to manage systemic...