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U.S. Department of State

greatseal Office of Monetary Affairs, (IFD/OMA)
Released by the Bureau of Economic and Business Affairs
U.S. Department of State, March 1, 2000
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The Office of Monetary Affairs (IFD/OMA) is the State Department's voice on global financial and macroeconomic issues. The office:

  • Works with the Department of the Treasury to manage, formulate, and implement U.S. debt relief policy, in particular leading the U.S. delegation at the Paris Club;

  • Coordinates State Department relations with the International Monetary Fund, and issues related to strengthening international financial architecture;

  • Monitors global financial, macroeconomic, and balance of payments issues, and alerts senior officials to potential problems;

  • Represents the State Department in the Interagency Country Risk Assessment System (ICRAS), which assesses country risk;

  • Works with the Department of the Treasury to implement the Highly Indebted Poor County (HIPC) debt relief initiative;

  • Assists U.S. Government and private negotiators in seeking financial settlements of defaulted private obligations.

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International Finance and Development | Economic and Business Affairs | Department of State