Washington, DC: On October 4, 2023, the Executive Board of the International Monetary Fund (IMF) completed the review of the Policy Coordination Instrument (PCI) and endorsed the proposal to eliminate the Policy Support Instrument (PSI) . Against the backdrop of a challenging and shock-prone global environment, the Executive Board approved two key refinements to the PCI to make the PCI more fit-for-purpose while maintaining its strong signaling function. The first is to enhance the flexibility of the review schedule while ensuring regular and uninterrupted signals to markets.

https://www.miragenews.com/imf-ends-policy-support-instrument-passes-1099100/

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