14 October 2013

International Monetary Fund Annual Meetings 2013

The Annual Meetings of the International Monetary Fund (IMF) and the International Monetary and Financial Committee (IMFC) were held on 11-13 October in Washington DC. Már Guðmundsson, Governor of the Central Bank of Iceland is Iceland’s representative to the Board of Governors of the IMF. On this occasion Governor Guðmundsson met with several central bank governors, international financial institutions, rating agencies, and IMF executives and staff. The Governor also attended a meeting of the Group of Trustees of the Principles for Stable Capital Flows and Fair Debt Restructuring, of which he is a member.

The Nordic-Baltic Constituency’s speech for the Annual Meeting was delivered by Ardo Hansson, Governor of Eesti Pank, Estonia’s central bank. The Constituency’s representative on the IMFC was Lithuanian Minister of Finance Rimantas Šadžius. Both the speech and the Nordic-Baltic Constituency’s statement to the Monetary and Financial Committee are published in their entirety on the websites of the Central Bank of Iceland as well as the International Monetary Fund.

According to the IMFC, the global recovery is continuing. Growth remains subdued, however, and downside risks persist. There are encouraging signs of improving activity in advanced economies, while growth in many emerging market economies has moderated. Growth has generally remained resilient in low-income countries.

Further information can be found at the links below:

Statement by Ardo Hansson on behalf of the Nordic-Baltic Constituency

IMFC Statement by Rimantas Šadžius

Further information regarding the IMF Annual Meeting