02431cas a2200277 a 4500 AALejournalIMF020293 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498341103 2663-3493 BD-DhAAL BD-DhAAL International Monetary Fund. Amendment to Steps to Address Excessive Delays in the Completion of Article IV Consultations or Mandatory Financial Stability Assessments. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (3 pages) Policy Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students In February 2012, the Executive Board adopted new procedures to address excessive delays in the completion of Article IV consultations. These consisted of three formal steps to be applied to all members with serious delays, regardless of the reason for delay, recognizing that the obligation to consult with the Fund under Article IV applies uniformly to all members. These steps are: (i) sending a letter from the Managing Director where an Article IV consultation is delayed for more than 12 months from the expected deadline for its conclusion; (ii) publishing a list of members with Article IV consultations delayed for over 18 months; and (iii) holding an informal session to brief Executive Directors on the economic developments and policies of a member with Article IV consultations delayed for over 18 months. While the implementation of the Decision has been relatively smooth, experience to date has led staff to believe that a modification of the Decision should be considered. In particular, the lack of leeway in the Decision regarding the notification by the Managing Director to a member whose Article IV consultation has been delayed by more than 12 months has proved to be inappropriate in some cases. Mode of access: Internet Article IV Consultation Discussion imf Notification imf PP imf Policy Papers; Policy Paper ; No. 2013/090 Full text available on IMF http://elibrary.imf.org/view/journals/007/2013/090/007.2013.issue-090-en.xml IMF e-Library