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Relations with the IMF and the WB

On 20 September 1990, the Czech and Slovak Federal Republic (CSFR) adopted the Articles of Agreement of the International Monetary Fund (the "Agreement"). On that date, the former Czechoslovakia´s membership of the Bretton Woods institutions was renewed. The CSFR became the 152 nd member of the IMF. Following the split of the CSFR into the Czech Republic and Slovak Republic, membership succession was ensured for both countries on 1 January 1993.

The Czech Republic´s quota is SDR 1 002.2 million.

All debts to the IMF were paid off in 1994. The Czech Republic achieved currency convertibility within the framework of its current account operations in compliance with Article VIII of the Agreement on 1 October 1995.

One of the major areas of mutual co-operation between the Czech Republic and the IMF are the Article IV consultations, the aim of which is to assess the state of the Czech economy and to submit recommendations for its further development.

  • Financial Sector Assessment Program
    This report was prepared as part of the Czech Republic´s financial sector assessment carried out under the joint International Monetary Fund- The World Bank Financial Sector Assessment Program (FSAP) (pdf, 1.21 MB). The principal objective of the FSAP is to identify the strengths, weaknesses, and systemic vulnerabilities of the financial sector, and highlight areas that need improvement for the further development and stability of the financial system. Assessment of the observance of relevant international financial sector standards constitutes an integral part of the FSAP work. The assessment of Czech Republic ´s observance with key financial sector standards was carried out from November 28 through December 12, 2000.

    The Report of Observance of Standards and Codes containing summary assessment of the key financial sector standards are contained in the Czech Republic - Financial System Stability Assessment (pdf, 3.48 MB)published by the IMF and available at www.imf.org.