International Monetary Fund
On 15 January 1993, the Republic of Slovenia became a full member of the International Monetary Fund (hereinafter: IMF) on the basis of the Law on Slovenia's Membership in the International Monetary Fund (Official Gazette of the Republic of Slovenia 2/93, 70/98 and 29/10, hereinafter: the Law ).
The Republic of Slovenia is represented in the IMF by the Governor of the Bank of Slovenia, as the Governor of the IMF and, as the Deputy Governor of the IMF, the person authorized for this purpose by the Governor of the Bank of Slovenia.
Articles of Agreement of the IMF have the status of legal provisions in the Republic of Slovenia. Based on Article IV, the IMF regularly monitors the fulfillment of statutory and other obligations of its members that have to provide all the necessary information. In this regard, Slovenia has been participating in regular Article IV consultations with the IMF since gaining membership in the IMF.
The Bank of Slovenia also executes all transactions under the so-called Special Drawing Rights (SDRs), which represent the official reserves of Slovenia, and manages Slovenia's share in the IMF quota amounting to SDR 586.5 mio or 0.12 % of the total IMF quota. Slovenia has 7.330 voting shares or 0.15 % of the total voting power in the IMF.
In accordance with the constituency agreement, in the period from 2012 to 2022, Slovenia is participating in the IMF within the Central and Eastern European Constituency, which is represented, in addition to Slovenia, by Austria, Belarus, the Czech Republic, Kosovo, Hungary, Slovakia and Turkey.
Bank for International Settlements
BIS is an international financial organisation whose mission is to serve central banks in their pursuit of monetary and financial stability, to foster international cooperation in those areas and to act as a bank for central banks.
The Governor of the Bank of Slovenia attends meetings of central bank governors of BIS members, which are held every two months. The meetings discuss developments in the global economy and on the financial markets. The governors’ meetings are also an opportunity to exchange views on various central banking issues: monetary policy of central banks, interventions on the foreign exchange markets, recent regulatory changes, and financial policy issues. The Bank of Slovenia is a shareholder in the BIS, and a representative of the Governing Board of the Bank of Slovenia attends the annual general meeting of the BIS in Basel.
In September 2016 the Governor of the Bank of Slovenia became a member of the Central Bank Governance Group (CBGG), which operates under the aegis of the BIS. The group was established in response to the increasing interest in issues in connection with the governance of central banks as public institutions. It focuses on the institutional and organizational setting in which central banks pursue monetary and financial policies.
Organization for Economic Co-operation and Development
On 21 July 2010, the Republic of Slovenia officially became a member of the Organization for Economic Co-operation and Development (OECD).
Integration into the OECD for the Republic of Slovenia means the possibility of equal cooperation with the most important global economic forces in the development of global standards of good practice and good governance in various fields.
Representatives of the Bank of Slovenia attend the meetings of some OECD committees and working groups:
- Committee on Financial Markets,
- Monetary Policy Committee,
- Working Group on International Investment Statistics,
- Working Party on Financial Statistics,
- Working Party on International Trade in Goods and Trade in Services Statistics and
- Working Group for the Code of Liberalization of Capital Movements.