Earlier this year, we had the usual IMF Article IV Consultation Mission which pored over all figures relating to our fiscal, monetary, banking and financial affairs. The IMF and the World Bank also conduct a diagnosis of our economy every two years under the Financial Sector Assessment Program (FSAP).
The IMF and the World Bank are of course not regulators of any country’s economy but they do set standards in many areas, lend for development activities, act as lender of last resort, and conduct regular reviews of all economies. A pat on the shoulder is not to be scoffed at!