Annual Report of the Executive Board

Contents

Message from the Managing Director
Letter of Transmittal to the Board of Governors

Surveillance

Program support and capacity building

Governance, finances, and organization

Advanced economies

Emerging market and developing economies

Bilateral surveillance

Multilateral surveillance

World Economic Outlook

Global Financial Stability Report

Multilateral consultation

Regional surveillance and outreach

Currency unions

Other regional surveillance initiatives and outreach

Financial sector surveillance

Assessment of financial crisis and recommendations

Financial Sector Assessment Program

Collaboration with other institutions

Vulnerability Exercise

Sovereign wealth funds

Anti–money laundering/combating the financing of terrorism

Financial soundness indicators

Framework of data provision for surveillance and other data initiatives

Data provision to the Fund for surveillance purposes

Fiscal and data transparency

Coordinated Direct Investment Survey

The Data Standards Initiatives

The Triennial Surveillance Review

Financial assistance and policy advice

Emerging market economies

Low-income countries

Program design

Building institutions and capacity

Strengthening the effectiveness and efficiency of TA

Training by the IMF Institute

Quota and voice reform

Reform package

Resulting realignment

Adequacy of Fund resources

Financial operations and policies

Income, charges, remuneration, and burden sharing

The IMF's new income model

Borrowing arrangements

Arrears to the IMF

Management and organization

Administrative and capital budgets

Human resources policies

Communication and transparency

Communication

Transparency policy

Accountability

The Independent Evaluation Office

Risk management

IMF audit mechanisms