Surveillance Core to the very existence of the IMF is its surveillance role – monitoring global, regional and national economies to assess whether countries' policies are consistent not only with their own interest but also with the interest of the international community. The on-going crisis has highlighted the relevance and importance of strengthening and appropriately focusing Fund’s surveillance.
I reiterate the need for greater focus on systemically important countries – the more systemically important the country the greater should be the rigour of surveillance. In parallel, the gap between multilateral and bilateral surveillance should be bridged. The IMF’s surveillance should not add to the obligations of developing countries.