[tag=DT] [□=□]
[tag=DT] [lemma=□]
[tag=DT] [tag=□]
Another possible approach to sovereign debt restructuring that is receiving wide attention is an IMF proposal , in which the IMF would step in and impose a stay on legal actions in certain circumstances . In recognition of these initiatives , an IMF representative was invited to participate in the working group and information on disclosure practices was shared with the Willard Group working party . The General Data Dissemination System ( GDDS ) is aimed at all IMF member countries with a focus on imprvement in data quality . In late November 1997 following the dramatic plunge of the Korean won on the foreign exchange market , an IMF team of economists led by Mr. Hubert Neiss was rushed to Seoul . The magnitude of each IMF parameter is color coded as indicated above the plot . Being in an I.M.F . and the World Bank - - which recommends many of the same austerity measures as the I.M.F . In other words the country may not qualify for an IMF loan before July . It is striking how many economists think the I.M.F . But Chile 's policy runs counter to the standard advice of the I.M.F ., which has required many countries to open their capital markets . In fact , Stiglitz writes , the I.M.F . All IMF and World Bank assistance will dry up ; fresh foreign investment will be frozen because nobody will want to put money in a country that is facing international sanctions ; and technology transfers will be sharply curtailed . " An IMF mission headed by Mr. Patrick Njoroge visited Dominica between March 7-17 , 2006 to conduct discussions for the sixth review of the program supported by the Poverty Reduction and Growth facility ( PRGF ) arrangement . : Washington will only have to take the organization 's advice the next time it turns to the I.M.F .