UK's Brown rejects IMF recommendations

The Statement by the IMFC, the Fund's governing body, released on Saturday April 16 calls for surveillance by the Fund over all countries to remain central to its work.

"Surveillance is a central task of the IMF and determined efforts are required to enhance its effectiveness and impact, building on the conclusions of the Biennial Review of Surveillance. Surveillance should become more focused and selective in analysing issues, in an even-handed way across the membership. Regional and global s