International Monetary Fund Annual Report 1998
Annual Report of the Executive Board, September 13, 1998
Source details
- Canonical URL
- International Monetary Fund Annual Report 1998
Other formats
Bibliographic details
- Published: September 13, 1998
- Series: Annual Report of the Executive Board
- DOI: https://doi.org/10.5089/9781557757654.011
Overview
- Reviews the IMF's activities, policies, and liquidity position during the financial year (May 1, 1997 through April 30, 1998).
- Assesses developments in the world economy, including:
- balance of payments problems of its member countries
- exchange rates
- international and emerging capital markets
- fiscal considerations in policy making
- data issues
- the debt situation
- Highlights the Asian financial crisis and its repercussions and early lessons for policy.
- Discusses approaches for strengthening the international monetary system.
- Published in September.
Key topics and substantive findings
- Asian financial crisis:
- Highlights the crisis and its repercussions.
- Discusses early lessons for policy and approaches for strengthening the international monetary system.
- IMF policies and operations:
- Reviews IMF-supported adjustment programs and the contents thereof.
- Provides information on the IMF's data dissemination standards.
- Outlines the IMF's role in governance issues.
- International initiatives and coordination:
- Discusses the IMF-World Bank initiative to assist heavily indebted poor countries.
- Describes the status of New Arrangements to Borrow and the Eleventh General Review of Quotas.
- Fiscal and financial sector considerations:
- Examines fiscal considerations in policy making.
- Addresses issues in international and emerging capital markets and the financial sector, including hedge funds.
Appendices and supporting materials
- Appendices include:
- a report on international reserves
- details of the IMF's financial operations
- major decisions taken by the Executive Board
- communiques of the Interim and Development Committees
- capital and administrative budgets and information on staffing
- the external relations activities
- audited financial statements of IMF accounts and facilities
- other information
Subject classification and keywords
- Subject: Balance of payments, Capital flows, Economic sectors, Financial crises, Financial institutions, Financial sector, Fiscal policy, Hedge funds, Public sector
- Keywords: adjustment program, Africa, AR, AREA, Asia and Pacific, Capital flows, country, East Asia, EMU in the context, Europe, financial crisis, Financial sector, Global, Hedge funds, IMF arrangement, IMF jurisdiction, IMF quota, IMF surveillance, market, Public sector, SDR, Western Hemisphere