Use the free Adobe Acrobat Reader to view these files.

Disclaimer

Selected Decisions and Selected Documents of the International Monetary Fund

List of
Annual Reports to the Executive Board available in full text.



Annual Report
of the Executive Board for the
Financial Year Ended April 30, 1996
WASHINGTON, D.C.

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