The IMF holds bilateral discussions with each of its member countries, usually every year as part of its country surveillance function, under Article IV of the IMF’s articles of agreement. IMF staff last visited London in May 2008 and met with various institutions including HM Treasury to discuss issues relating to the economy. The Government of course continue also to work closely with the IMF and other international partners in responding to the financial crisis.
The Government’s most recent forecasts were published at the pre-Budget report. We will publish updated forecasts at the time of Budget 2009, as is normal practice. This will include a full assessment of developments and prospects for the world and UK economies, based on all relevant factors.