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International Financial Policy.

Dáil Éireann Debate, Tuesday - 23 March 2004

Tuesday, 23 March 2004

Questions (75)

Paul Nicholas Gogarty

Question:

66 Mr. Gogarty asked the Minister for Finance the details of the policy direction the Government wishes to see followed by the soon to be appointed head of the International Monetary Fund. [8975/04]

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Written answers

Policy for the IMF is set in accordance with the articles of association at the regular meetings of the governors of the fund and on an ongoing basis by the executive directors of the IMF. The Government would expect the IMF to operate in accordance with the articles of agreement to ensure the stability of the international financial system. The post of managing director of the IMF is of considerable significance. The basic function of the IMF is not likely to be greatly changed by any person holding the post.

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