UK will welcome IMF oversight

Britain will find itself on a list of systemically important major economies whose economic performance could give rise to such cause for international concern that the International Monetary Fund (IMF) will regularly review them.

The G20 will this weekend agree a set of "indicative guidelines" – criteria for whether a nation will be subject to this higher level of IMF scrutiny. They will cover areas such as a country's budget deficit, trade imbalances, and whether the country's economy is large enough and internationally connected enough to threaten wider "spillover" damage and add to the global economic imbalances. independent