Correa's administration stated that the new government would not sign an agreement which allowed the International Monetary Fund to monitor its economic plan. In February 2007, Correa's economy minister Ricardo Patiño stated: "I have no intention … of accepting what some governments in the past have accepted: that (the IMF) tell us what to do on economic policy ... That seems unacceptable to us". However, as a member of the IMF, the annual report known as the "Article IV" report will be submitted.