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International Monetary Fund

Volume 492: debated on Thursday 14 May 2009

To ask the Chancellor of the Exchequer what his policy is on the representation of EU member states by one voice at the International Monetary Fund; and if he will make a statement. (268603)

[holding answer 2 April 2009]: Representation in international fora is a matter for individual member states. EU member states are individually members of the International Monetary Fund and are not represented by the EU or by a single voice. Co-ordination procedures between EU member states on international financial issues were agreed upon at the Vienna European Council of 1998 and developed subsequently in discussions among Finance Ministers in Oviedo and Copenhagen in 2002. The Government continue to support these procedural agreements.