Surveillance at IMF has six main features:
|
| 1
| Policy advice
| The Fund offers advice and proposals as well as serves as a sounding board for
policy dilemmas facing a country.
|
| 2
| Policy coordination
and cooperation
| The Fund helps policy consultation among groups of countries by providing inputs
such as reliable data, forecasts and analysis and the machinery through which
policy coordination can take place.
|
| 3
| Information gathering
and dissemination
| The Fund maintains databases that are useful for policy formulation, and dissemi-
nates information which can benefit private market participants and the general
public.
|
| 4
| Technical assistance and aid
| In many developing countries, surveillance is tantamount to providing technical
assistance, owing to the scarcity of expertise in macroeconomic policy-making.
|
| 5
| Identification of vulnerabilities
| This is an extension of the information and policy advice role that is relevant in
the light of the unsustainable mix of policies of certain countries. In this context,
early warnings and policy advice, including on risks in their financial sector,
given by the Fund to vulnerable countries play a role in formulating prompt
|
| 6
| Delivering the message
| The Fund disseminates, through policy advice, the prevailing consensus of the
economics profession to governments and the world.
|
