CONTENTS
Part 1 176k Adobe Acrobat pdf file	Letter of Transmittal  Overview Year Sees Swift Response to New Challenges   of Globalized Markets; Financial Support   for Members Rises to Record Levels
Part 2 273k Adobe Acrobat pdf file	The Global Economy Main Developments in the World Economy   Economic Activity and Employment   Consumer and Commodity Prices   Financial and Foreign Exchange Markets   External Balances, Financing, and Debt
Part 3 78k Adobe Acrobat pdf file	World Economic Outlook   Global Situation   Industrial Country Policies   Developing Country Policies   Policies in Economies in Transition
Part 4 59k Adobe Acrobat pdf file	International Capital Markets   Turbulence in Emerging Capital Markets     Spillovers from the Mexican Crisis     Capital Flows to Developing Countries     Recovery of Some Emerging Markets   Major International Capital Markets     Regulatory and Supervisory Issues     Problems in Japan's Financial Sector
Part 5 39k Adobe Acrobat pdf file	Fiscal Considerations in Policymaking   Quasi-Fiscal Operations of Public Financial Institutions   Aging Populations and the Fiscal Impact     of Public Pension Plans   Taxation and Unemployment
Part 6 39k Adobe Acrobat pdf file	Present and Future Role of the SDR
Part 7 78k Adobe Acrobat pdf file	The Fund in 1995/96 The Role of the Fund: Financing and Its Link to Surveillance   Rationale for Fund Financing   Future Need for Fund Resources
Part 8 78k Adobe Acrobat pdf file	Fund Surveillance   Review of Policies Under the Madrid Declaration   The Fund's Statistical Policy and Provision     of Data for Surveillance   Other Issues in Surveillance     Progress Toward Economic and Monetary Union     Capital Account Convertibility       and Implications for Fund Policy     Banking System Soundness and Macroeconomic Policy     Governance Issues
Part 9 59k Adobe Acrobat pdf file	Data Dissemination Standards   Establishment of the Special Standard   Electronic Bulletin Board   General Standard
Part 10 117k Adobe Acrobat pdf file	Article IV Consultations   Industrial Countries     United States     Japan     Germany     France     United Kingdom     Italy     Canada
Part 11 59k Adobe Acrobat pdf file	Smaller Industrial Countries     Australia     Austria     Finland
Part 12 215k Adobe Acrobat pdf file	Developing Countries     Argentina     Botswana     China     Colombia     Côte d'Ivoire     India     Indonesia     Israel     Korea     Mexico     Mozambique     Nigeria     Pakistan     Peru     Philippines     Senegal     Tunisia
Part 13 117k Adobe Acrobat pdf file	Economies in Transition     Georgia     Mongolia     Poland     Romania     Russia     Slovak Republic     Ukraine
Part 14 195k Adobe Acrobat pdf file	Fund Support of Member Countries   Member Countries' Use of Fund Facilities     Algeria     Argentina     Armenia     Azerbaijan     Belarus     Benin     Bolivia     Bosnia and Herzegovina     Burkina Faso     Cambodia     Cameroon     Chad     Costa Rica     Côte d'Ivoire     Djibouti     El Salvador     Gabon     Georgia     Ghana     Guinea     Guyana     Hungary     Jordan     Kazakstan     Kenya     Kyrgyz Republic     Lesotho     Former Yugoslav Republic of Macedonia     Malawi     Mali     Mauritania     Pakistan     Panama     Papua New Guinea     Romania     Russia     Rwanda     Senegal     Sierra Leone     Togo     Uganda     Uruguay     Uzbekistan     Vietnam     Yemen     Zambia   Analytical Issues in Fund Support     Response of Investment and Growth       to Adjustment Policies and Composition       of Fiscal Adjustment and Growth     Bilateral and Multilateral Aid Flows       and Fund-Supported Programs   Adapting Fund Facilities     Emergency Financing Mechanism     Fund Policy with Regard       to Currency Stabilization Funds     Fund Involvement in Post-Conflict Countries     Enhanced Structural Adjustment Facility
Part 15 39k Adobe Acrobat pdf file	Debt Situation and the Role of the Fund   Official Flows to Developing Countries   Problems of Heavily Indebted Poor Countries   Private Market Financing for Developing Countries   International Debt Adjustment
Part 16 195k Adobe Acrobat pdf file	Fund Financial Operations and Policies   Membership   Quotas   Fund's Liquidity, Access Policy, and Borrowing   Members' Use of Fund Resources and Credit Outstanding     Stand-By and Extended Arrangements     Special Facilities     SAF and ESAF   Fund Income, Charges, and Burden Sharing   Overdue Financial Obligations   Progress Under the Strengthened Cooperative Strategy     Prevention     Intensified Collaboration and the Rights Approach     Remedial Measures   SDR Transactions and Operations     SDR Valuation and Interest Rate Basket     SDR Transfers     Pattern of SDR Holdings
Part 17 78k Adobe Acrobat pdf file	Technical Assistance and Training   IMF Institute   Fiscal Affairs Department   Legal Department   Monetary and Exchange Affairs Department   Statistics Department   Treasurer's Department   Bureau of Computing Services
Part 18 98k Adobe Acrobat pdf file	Appendices I. International Reserves
Part 19 156k Adobe Acrobat pdf file	II. Financial Operations and Transactions of the Fund
Part 20 39k Adobe Acrobat pdf file	III. Relations with Other International Organizations
Part 21 59k Adobe Acrobat pdf file	IV. External Relations
Part 22 39k Adobe Acrobat pdf file	V. Principal Policy Decisions of the Executive Board
Part 23 78k Adobe Acrobat pdf file	VI. Press Communiqués of the Interim Committee and the Development Committee
Part 24 39k Adobe Acrobat pdf file	VII. Executive Directors and Voting Power on April 30, 1996
Part 25 59k Adobe Acrobat pdf file	VIII. Changes in Membership of Executive Board
Part 26 176k Adobe Acrobat pdf file	IX. Administrative and Capital Budgets, Staffing, and Organization
Part 27 254k Adobe Acrobat pdf file	X. Financial Statements
Part 28 20k Adobe Acrobat pdf file	Glossary of Abbreviations
Part 29 215k Adobe Acrobat pdf file	Boxes     Board of Governors, Executive Board,       Interim Committee, and Development Committee 1. Fiscal Problems and Policies 2. SDR Seminar Addresses Several Issues 3. Initiatives to Strengthen Fund Surveillance 4. Initiatives in Openness 5. Fund Data Standards at a Glance 6. Fund Facilities and Policies 7. Guidelines on Performance Criteria with Respect     to Foreign Borrowing 8. The Emergency Financing Mechanism     and Supplementary Borrowing 9. Guidelines for Fund Support for Currency     Stabilization Funds 10. Operational Budget 11. The Fund's Holdings of Gold 12. Designation Plan 13. The Evaluation Function in the Fund 14. Departments of the Fund and Their       Major Responsibilities
Part 30 410k Adobe Acrobat pdf file	Tables 1. Overview of the World Economy 2. Selected Economies: Current Account Positions 3. The Special Data Dissemination Standard:     Coverage, Periodicity, and Timeliness 4. Article IV Consultations Concluded     in Financial Year 1996 5. United States: Selected Economic Indicators 6. Japan: Selected Economic Indicators 7. Germany: Selected Economic Indicators 8. France: Selected Economic Indicators 9. United Kingdom: Selected Economic Indicators 10. Italy: Selected Economic Indicators 11. Canada: Selected Economic Indicators 12. Australia: Selected Economic Indicators 13. Austria: Selected Economic Indicators 14. Finland: Selected Economic Indicators 15. Argentina: Selected Economic Indicators 16. Botswana: Selected Economic Indicators 17. China: Selected Economic Indicators 18. Colombia: Selected Economic Indicators 19. Côte d'Ivoire: Selected Economic Indicators 20. India: Selected Economic Indicators 21. Indonesia: Selected Economic Indicators 22. Israel: Selected Economic Indicators 23. Korea: Selected Economic Indicators 24. Mexico: Selected Economic Indicators 25. Mozambique: Selected Economic Indicators 26. Nigeria: Selected Economic Indicators 27. Pakistan: Selected Economic Indicators 28. Peru: Selected Economic Indicators 29. Philippines: Selected Economic Indicators 30. Senegal: Selected Economic Indicators 31. Tunisia: Selected Economic Indicators 32. Georgia: Selected Economic Indicators 33. Mongolia: Selected Economic Indicators 34. Poland: Selected Economic Indicators 35. Romania: Selected Economic Indicators 36. Russia: Selected Economic Indicators 37. Slovak Republic: Selected Economic Indicators 38. Ukraine: Selected Economic Indicators 39. Selected Financial Indicators 40. Arrears to the Fund of Countries with Obligations       Overdue by Six Months or More 41. Arrears to the Fund of Countries with Obligations       Overdue by Six Months or More, by Type       and Duration 42. Change in SDR Valuation Basket 43. Transfers of SDRs 44. Technical Assistance Delivery
Part 31 429k Adobe Acrobat pdf file	Charts 1. World Indicators 2. Selected Industrial Countries: Real GDP Growth 3. Developing Countries: Real GDP Growth 4. Selected Countries More Advanced in Transition:     Inflation 5. Selected Countries Less Advanced in Transition:     Inflation 6. Developing Countries and Countries in Transition:     External Debt and Debt Service 7. Fund's Liquidity Ratio, 1982–96 8. General Resources Purchases and Repurchases,     Financial Years Ended April 30, 1982–96 9. Total Fund Credit Outstanding to Members     (Including Trust Fund, SAF, and ESAF) 10. Composition of Technical Assistance 11. Cost of Major Activities 12. International Monetary Fund: Chart of Organization 13. Financial Year 1996 Capital Budget and Five-Year Plan