An IMF delegation will reach Islamabad on November 12 to review the financial condition of the country under Article IV.

The delegation would consider the fiscal problems being faced by Pakistan, availability of funds and macro-economics analysis. An organisation with the name of IMF Institute is imparting training tot the financials managers of every member country.

Under Article IV of its Articles of Agreement, the IMF has a mandate to exercise surveillance over the economic, financial and exchange rate policies of its members to ensure the effective operation of the international monetary system.

The IMF’s appraisal of such policies involves a comprehensive analysis of the general economic situation and policy strategy of each member country. The IMF economists visit the member country, usually once a year, to collect and analyse data and hold discussions with government and central bank officials.

Upon its return, the staff submits a report to the IMF’s Executive Board for discussion. The Board’s views are subsequently summarised and transmitted to the country’s authorities.