IMF Mission to visit Estonia

A six-member mission from the International Monetary Fund (IMF) will be visiting Estonia from 15 to 25 August 2006 to hold annual economic policy discussions with Estonia’s public and private sector representatives.

The IMF representatives will be meeting the Prime Minister, members of the Riigikogu, the heads of Eesti Pank and the Financial Supervision Authority as well as company executives and economists. The mission will conclude with the Fund’s economic policy report on Estonia in autumn.

The programme of the visit will focus on fiscal and monetary policy discussions. The meetings will cover Estonia’s balance of payments and external debt, financial sector situation, long-term planning of the state budget and the use of EU structural funds.

The mission is based on Article IV of the IMF’s Articles of Agreement, which foresees that once a year IMF economists discuss significant economic policy issues with all member countries. This serves to ensure the stability of the international monetary system.

The Head of Mission is Franek Rozwadowski who took over the position from Rick Haas in spring 2006. Rozwadowski and Haas visited Estonia also in April this year.
The Mission will give its preliminary evaluation of Estonia’s economic policy at the end of the visit on 25 August.