Luxembourg—2009 Article IV Consultation
On May 22, 2009 the Executive Board of the International Monetary fund (IMF) concluded the Article IV consultation with Luxembourg. Under Article IV of the IMF's Articles of Agreement, the IMF holds bilateral discussions with member states, 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 Executive Board. At the conclusion of the discussion, the Managing Director, as Chairman of the Board, summarizes the views of Executive Directors, and this summary is transmitted ot the country's authorities.
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