Under Article IV of the IMF's Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. A staff team visits the country, collects economic and financial information, and discusses with officials the country's economic developments and policies. On return to headquarters, the staff prepares a report, which forms the basis for discussion by the IMF Executive Board.
The discussions focused on near-term policies needed to maintain macroeconomic stability and support growth under uncertain prospects for aid and the global environment; and the government’s medium-term objective of sustaining strong, inclusive growth while simultaneously managing a successful transition from a public sector-led, aid-dependent economy to a more private sector-led economy. Policy priorities are mobilizing more domestic revenue, leveraging exports, and removing impediments to private sector development, including by accelerating infrastructure projects and tackling bottlenecks in energy.
The consultation is divided into several sections, and covers the following topics:
2. Economic Developments
3. Program Performance
4. Economic Outlook
5. Policy Discussions
6. Program Issues
7. Staff Appraisal