Article IV consultations with the IMF mission begin

Today sees Slovenia embark on its regular consultation with the IMF under Article IV of the IMF’s Articles of Agreement. IMF representatives will be in Slovenia from 10 to 21 November. Their preliminary findings will be presented at the conclusion.

The purpose of these consultations is to review the latest economic developments, the functioning of the financial sector and the banking system, and the challenges for the future. Other notable priorities in this year’s consultations are the mitigation of the risks inherent in fiscal and macroprudential policy, energy security, climate change, digitalisation, and the labour market. Based on conversations with all the institutions involved, a report will be drawn up for Slovenia over the following months giving the IMF’s views and recommendations regarding sound financial, fiscal and structural policies for the country.

During the consultations, Donal McGettigan, the new mission chief, and the other team members Rossen Alexandrov Rozenov and Wei Shi will meet representatives of Banka Slovenije, the Ministry of Finance, other ministries, the IMAD, the Fiscal Council, the BAMC, the Chamber of Commerce and Industry, the Slovenian-German Chamber of Commerce, the PDII, the National Assembly, the Bank Association of Slovenia, and selected commercial banks and trade unions, and will also meet representatives of firms in the tourism sector.

Mr McGettigan will present the preliminary end-of-mission findings together with Klemen Boštjančič, the finance minister, and Boštjan Vasle, Governor of Banka Slovenije, at a press conference held at 12.30 pm on 21 November 2022 on the premises of Banka Slovenije.