Related links

• Internetional Monetary Fund (IMF)

Finland has been a member of the International Monetary Fund since 1948. According to legislation, the Bank of Finland is responsible for representing the Finnish Government in the IMF and has also paid Finland's IMF subscription, by investing some of its foreign reserves in the Fund.

The aim of the International Monetary Fund is to foster sound economic development in its member countries and promote orderly exchange arrangements. In order to realise these aims, the IMF undertakes economic surveillance of the member countries. The main emphasis is on so-called bilateral Article IV consultations, which are carried out in many member countries annually.

The International Monetary Fund may grant its member countries temporary credit to help ease balance of payments adjustments. The Fund has also created special financing arrangements to assist developing countries.

The Nordic and Baltic countries have a joint representative on the Fund's Executive Board, for the so-called Nordic-Baltic Constituency. The constituency's joint bodies are the International Monetary and Financial Committee (IMFC) and the Alternate Members Meeting of the Committee, made up of representatives from the central banks and Ministries of Finance from the countries comprising the Nordic-Baltic Constituency.

Finland's relations with the IMF's sister organisation – the World Bank – is the responsibility of the Ministry of Finance.

Reports:

• Recent Policy Developments in the International Monetary Fund, The Nordic-Baltic Office, International Monetary Fund, Report 2009/2, December 2009 (PDF)
• Recent Policy Developments in the International Monetary Fund, The Nordic-Baltic Office, International Monetary Fund, Report 2009/1, June 2009 (PDF)
• Recent Policy Developments in the International Monetary Fund, The Nordic-Baltic Office, International Monetary Fund, Report 2008/2, October 2008 (PDF)
• Recent Policy Developments in the International Monetary Fund, The Nordic-Baltic Office International Monetary Fund, Report 2008/1, April 2008 (PDF)
• Recent Policy Developments in the International Monetary Fund, The Nordic-Baltic Office, International Monetary Fund, Report 2007/2, November 2007 (PDF)
• Recent Policy Developments in the International Monetary Fund, The Nordic-Baltic Office, International Monetary Fund, Report 2007/1, May 2007 (PDF)
• Recent Policy Developments in the International Monetary Fund, The Nordic-Baltic Office, International Monetary Fund Report 2006/2, October 2006 (PDF)
• The Global Economy and Recent Policy Developments in the International Monetary Fund, The Nordic-Baltic Office, International Monetary Fund Report 2006/1, 21 April 2006 (PDF)
• Biannual Report on Recent Policy Developments in the Internetional Monetary Fund, Report 2005/2, 23 September 2005 (PDF)
• Recent Policy Developments in the Internetional Monetary Fund, Report 2005/1, 15 April 2005 (PDF)
• The Global Economy and Recent Policy Developments in the International Monetary Fund, Report 2004/2, 1 October 2004 (PDF)
• Report on the Role of the International Monetary Fund, 12 May 2004. (PDF)
• The Global Economy and Recent Policy Developments in the International Monetary Fund, The Nordic-Baltic Office, International Monetary Fund Report 2004/1, 23 April 2004 (PDF)

Speeches:

• Statement by the Hon. Erkki Liikanen, Governor of the Fund for Finland, at the Joint Annual Discussion, World Bank Group and International Monetary Fund, Istanbul 6 October 2009
• Statement by Mr. Anders Borg, Minister of Finance, Sweden, in his capacity as Chairman of the EU Council of Economic and Finance Ministers, to the IMFC Autumn 2009 Meeting, October 4, 2009. (PDF)
• Statement by Mr. Anders Borg, Minister of Finance, Sweden, on behalf of Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden, October 4, 2009. (PDF)
• Statement by Mr. Anders Borg, Minister of Finance, Sweden, On behalf of Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden. April 25, 2009 (PDF)
• Statement by the Hon. Arni M. Mathiesen, Governor of the Fund for Iceland, on behalf of the Nordic-Baltic Constituency at the Joint Annual Discussion (PDF)
• Statement by Mr. Stefan Ingves, Governor of the Sveriges Riksbank, On behalf of Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden. October 11, 2008 (PDF)
• Statement by Mr. Anders Borg, Minister of Finance, Sweden, On behalf of Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden. April 12, 2008 (PDF)
• Statement by the Hon. Nils Bernstein, Governor of the Fund for Denmark, on behalf of the Nordic-Baltic Constituency at the Joint Annual Discussion. October 22, 2007 (PDF)
• Statement by Mr. Jyrki Katainen, Minister of Finance, Finland, On behalf of Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden. October 20, 2007 (PDF)
• Statement by Mr. Eero Heinäluoma, Minister of Finance, Finland, On behalf of Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden. April 14 2007. (PDF)
• Statement by Mr. Eero Heinäluoma, Minister of Finance, Finland, On behalf of Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden, September 17, 2006 (PDF)
• Statement by Mr. Eero Heinäluoma, Minister of Finance, Finland, On behalf of Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden, April 22, 2006 (PDF)
• Statement by the Hon. Svein Gjedrem, Alternate Governor of the Fund for Norway, at the Joint Annual Discussion, September 25, 2005 (PDF)
• Statement by Mr. Per-Kristian Foss, Minister of Finance, Norway, on behalf of the Nordic and Baltic countries to the IMFC Meeting in Washington D.C., September 24, 2005 (PDF)
• Statement by Mr. Per-Kristian Foss, Minister of Finance, Norway, on behalf of the Nordic and Baltic countries to the IMFC Meeting in Washington D.C., April 16, 2005 (PDF)
• Statement by Hon. Mr. Erkki Liikanen, Governor of the Fund for Finland, on behalf of the Fund Nordic-Baltic Constituency, at the Joint Annual Discussion; October3, 2004
• Statement by Mr. Per-Kristian Foss, Minister of Finance, Norway, on behalf of the Nordic and Baltic countries i.e. Denmark, Finland, Estonia, Iceland, Latvia, Lithuania, Norway, and Sweden, to the IMFC Meeting in Washington D.C., October 2, 2004.
• Statement by Mr. Per-Kristian Foss, Minister of Finance, Norway, on behalf of the Nordic and Baltic countries i.e. Denmark, Finland, Estonia, Iceland, Latvia, Lithuania, Norway, and Sweden, to the IMFC Meeting in Washington D.C., April 24, 2004.
• Statement by the Hon. Birgir Isleifur Gunnarsson, Governor of the Fund for Iceland on behalf of Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden at the Joint Annual Discussion. 24 September 2003.
• Statement by Geir H. Haarde, Minister of Finance, Iceland, on behalf of the Nordic and Baltic countries i.e. Denmark, Finland, Estonia, Iceland, Latvia, Lithuania, Norway, and Sweden, to the IMFC Meeting in Dubai, September 21, 2003.
• Statement by Mr. Geir H. Haarde Minister of Finance of Iceland on behalf of the Nordic and Baltic countries to the International Monetary and Financial Committee Washington, D.C. April 12, 2003.
• Statement by Ms Bodil Nyboe Andersen, Alternate Governor of the Fund for Denmark at the Joint Annual Discussion in Washington, September 29.2002.
• Statement by Mr. Geir H. Haarde, Minister of Finance, Iceland, on behalf of the Nordic and Baltic countries to the IMFC-meeting in Washington, September 28, 2002.
• Statement by Mr. Geir H. Haarde, Minister of Finance, Iceland, on behalf of the Nordic and Baltic countries to the IMFC-meeting in Washington, April 20, 2002.