Teams are undertaken as part of regular (usually annual) consultations under Article IV of the IMF
's Articles of Agreement, in the context of a request to use IMF
resources (borrow from the IMF
), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments.
Azour had assumed the responsibilities of IMF
director for Middle East and Central Asia in March this year.
According to the finance ministry, post-programme monitoring is an annual feature for countries graduating from an IMF
programme whereby overall economic conditions of a member country that owes funds to the IMF
are monitored and a report is presented to the executive board.
However, he warned that IMF
isn't exactly a universal format when it comes to the acquisition and post-production processes.
plays a unique and central role in this global system.
Lagarde will discuss with the Pakistani officials about the impact the IMF
bailout programme on the economy of the country.
Until recently, the IMF
insisted that it would participate in the next Greek rescue programme only if it deemed Greek debt to be sustainable.
Perhaps the Turkish president wanted to strike a chord with the Latin American audience, whose view of the IMF
is not very positive, hoping that he would win a few friends there, or maybe he wanted to brag about how his government has handled economic difficulties without IMF
help since 2008, when the last deal expired.
now acts like a global loan shark, exerting enormous leverage over the economies of more than 60 countries including Pakistan.
Greeceas failure to make the repayment when due means the country can no longer receive financing from the IMF
under the existing extended arrangement of EUR 28 B approved in March 2012 and the IMF
will not approve new financing to Greece until it clears its arrears, the global lender said earlier.
In 2010, in the aftermath of the global fallout from the Lehman bankruptcy, the G-20 agreed to basic IMF
Greece's repayment schedule to the IMF
is toughest in the weeks ahead.